- The National Association of Realtors said US existing home sales rose 1.1% to 5.62 million units last month. The number of homes on the market rose 2.1%, but supply was down 8.4% YoY. Housing inventory has dropped for 24 straight months.
- (SD Union) San Diego based Guild Mortgage has launched a 1% down payment mortgage. (back to ZERO soon)
- U.S. current account deficit widens a bit to 2.5 percent of GDP.
- Ford announced that it would be moving the production of its Focus compact car from Michigan to China in 2019. Under pressure from Trump, Ford scrapped its plans to build a $1 billion plant in Mexico that would've produced its Focus.
- Wall Street is fretting that the U.S. auto industry is heading for a downturn..
- Business confidence in Asia rose to a three-year-high in Q2 of the year.
- German PPI -0.2% vs. -0.1% forecast
- Japans YoY 14.9% increase in exports was below the estimate for a 16.1% annual increase but was nonetheless the biggest rise since January 2015.
- Japan's government raised its overall view of the economy for the first time in six months by saying the recovery is intact.
- YoY Mexico's annual inflation rate rose to 6.3% faster than expected and the highest in more than eight years – so Mexico raised its benchmark rate by a quarter point to 7.00%.
- The Bloomberg Agriculture Index is at the lowest since Dec. 2008. Sugar, Corn, Coffee etc. all down.
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