Quick Overview

• U.S. Retail sales were up 1.8% in July. Excluding autos, retail sales were up just 0.3%.
  

• U.S. Jobless claims declined 6,000 to 308,000 last week .
  

• The U.S. Commerce Department said that business sales rose 0.7% in June, inventories are unchanged.
  

• GDP in the Euro zone increased 0.3% in the second quarter and 1.2% YoY.
  

• Australia's unemployment rate was 5.0% in July, the lowest in 29 years.
  

• The gold miners' strike in South Africa ended after the National Union of Mineworkers recommended that workers accept a pay raise of 6.5%. Still, December gold rose $8.90 at $450.90, the highest close in over four months.
  

• The U.S. Department of Energy said that underground supplies of natural gas were up 43 billion cubic feet at 2.463 trillion cubic feet.
  

• Italy's GDP rose 0.7% in the second quarter, the largest gain in four years.