- (FT) Investors should remember that national accounts must sum to zero. Falling rich world public deficits lead to lower corporate profits, all else being equal. Something Mr. Market seems to know!!
- Chinas Purchasing Managers’ Index rose from 50.7 in July to 50.9 in June – better than expected.
- (Reuters) - Macau, the world's largest gambling market, blew past expectations to post a 48.4 percent rise in July gambling revenue, underscoring unflagging demand from China's newly minted millionaires and burgeoning middle class.
- WXRISK (the weather site) has a category 4-5 hurricane potentially hitting east central China (Corn / Soy)
- U.S. personal income rose 0.1% in June, while spending fell 0.2% -- on no confidence.
- The U.S. ISM’s factory index fell to 50.9 last month from 55.3 in June.
- The PPI remained stable in the EU 17 in June, rising by 0.1%
- YoY Japan's monetary base rose 15.0 % in July.
- Brazil’s trade surplus rose 74.4% YoY.
- South Korea said it will expand the zero- tariff quota for refrigerated pork imports without limit by the end of September. Previously, 130,000 tons of fresh and frozen pork were subject to zero-tariff imports.
- US corn futures climb the one-day 30c limit on increasing concerns about hot weather reducing output.
- The 10 sieverts of radiation detected on Aug. 1 outside reactor buildings was the highest the Geiger counters used were capable of reading, indicating the level could have been higher!
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