Quick Overview

• US Weekly Consumer Confidence out at -50 as expected
  

• US exports are forecast to fall 13.6% this year, but expected to rise 1.7% next year according to a Manufacturers Alliance/MAPI report.
  

• Australia’s Q2 Consumer Prices rose 0.5% QoQ.
  

• YoY Japan’s June Supermarket Sales fell -4.4%
  

• MoM Euro Zone May Industrial New Orders fell -0.2%
  

• UK July CBI Total Orders Index fell to -59 versus -51 in June.
  

• Canada’s retail sales rose1.2% in May
  

• The U.S. Department of Energy said:
  Supplies of crude oil fell 1.8 million barrels last week to 342.7 million barrels.
  Supplies of gasoline rose 800,000 barrels
  Supplies of heating oil rose 800,000 barrels.
  Refinery use fell from 87.9% to 85.8%.
  YoY Gasoline demand rose 0.7%
  YoY Distillate demand fell 11.0%.