Quick Overview

• U.S. Personal consumption expenditures rose 0.1% in July, less than expected. YoY it is up 2.4%.
  

• U.S. personal incomes rose 0.5% in July,
  

• Consumer personal spending rose 0.8% in July, the largest gain since January, the Commerce Department said Tuesday
  

• U.S. Factory orders fell in July, declining 0.6%, the Commerce Department reported Thursday.
  
  

• U.S. Jobless claims fell 2,000 last week to 316,000.
  

• The Chicago National Association of Purchasing Managements' index fell from 57.9 to 57.1
  

• Canada's GDP is up 2.9% YoY.
  

• The European Central Bank kept interest rate unchanged at 3.0%,
  

• Germany's retail sales were down 1.5% in July.
  

• The DoE said that underground supplies of natural gas were up 48 billion cubic feet to 2.905 trillion cubic feet. YoY supplies are up 11%
  

• The Brazilian government increased its estimate of the sugarcane crop to 471 million tons.
  

• Silver futures surged to their highest level in three months Thursday, as analysts cited good investment demand a day after the amount of metal held by an exchange-traded fund climbed above 100 million ounces.