Quick Overview

• YoY U.S. non-farm productivity rose 1.8% in Q2, more than expected.
  

• U.S. business sales rose 0.4% in June
  

• U.S. inventories fell 1.7%.
  
  

• YoY Russia’s GDP fell 10.9% in Q2.
  

• UK July Retail Sales rose 3.6% YoY
  

• UK same store sales rose 1.8%

• Australia’s July Business Confidence rose to 10 from 4 in June
  

• China July Producer Price Index fell 8.2% YoY
  

• China's July Consumer Price Index fell 1.8% YoY
  

• China's July Exports fell 23.0% YoY
  

• China's July Imports fell -14.9% YoY
  

• Japan's July Consumer Confidence rose to 39.7 from 38.1 in June.
  

• Germany’s July Wholesale Price Index fell -10.6% YoY
  

• China's domestic soybean output growth can't match the rate of rising demand, so imports will continue to rise, a government official said Tuesday. China's soybean imports this year will likely total around 40 million metric tons, compared with 37.44 million tons last year, according to General Administration of Customs data. In the January-July period, China imported 26.48 million tons of soybeans, up 28% YoY

• More than 62% of ships on order today are bigger than 4,000 TEU, and only 11% are under that size at a time when smaller ships will be the first to benefit from recovery, according to Paris-based Alphaliner.