Greetings,
The United States: First, the July CPI report surprised to the downside. The decline in gasoline prices offset most of the gains elsewhere.
The probability of a 75 bps Fed rate hike in September dipped back below 50% in response to the softer-than-expected CPI report.
Equities: Despite the renewed risk-on sentiment, the current stock rally has been met with a great deal of skepticism.
The Eurozone: The Rhine river situation in Germany is very precarious.
Energy: US crude oil inventories are moving deeper inside the five-year range. However, refined product stocks remain low.
Asia-Pacific: Here is Taiwan’s trade balance with China and the rest of the world.
Food for Thought: Lastly, here are US personal bankruptcies by age:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
