Succinct Summation of Week’s Events 7.15.16

Succinct Summations for the week ending July 15th 2016

Positives:

1. U.S. Stocks gained >1% for the third straight week.
2. Retail sales rose 0.6% month over month, well above the 0.1% expected increase.
3. Jobless claims fell to 254k, the 4-week moving average fell to 259k, down from 264.75k.
4. Producer prices rose 0.5% m/o/m.
5. Industrial production rose 0.6% m/o/m; manufacturing rose 0.4%.
6. NFIB small business optimism came in at 94.5, up from 93.8 previously and above expectations.
7. Import and export prices rose 0.2% and 0.8% m/o/m, respectively.

Negatives:

1. Despite the plunge on Friday, U.K. stocks had their best week since early February.
2. Import and export prices fell 4.8% and 3.5% y/o/y, respectively.
3. Consumer sentiment fell to 89.5, down from 93.5 and below expected.
4. Consumer prices rose 0.2% m/o/m and y/o/y. Inflation not showing up in these readings.

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