Global Macro:
- Strategists Most Bearish on Equities since 1985 (The Big Picture)
North America:
- US Treasury Office of Debt Management August Chart Pack
- US July PMI 51.4, down but still indicates slow growth (Business Insider)
- Private Employment increased 163,000 in July (Calculated Risk)
- Gauging the Triggers to Fed Action (Wall Street Journal)
- ISM Manufacturing index increases slightly in July to 49.8 (Calculated Risk)
- Fed to signal more easing but stop short of big steps (Reuters)
- US private sector hiring slows (Financial Times)
- Canadian manufacturing growth slowing too (RBC)
Europe:
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- UK manufacturing figures deal hammer blow to recovery hopes (The Guardian)
- France Introduces Financial Transaction Tax (sky.com)
- U.S. raises pressure for euro zone crisis action (Reuters)
- Geithner: Europe Much More Grave Than Fiscal Cliff: Video (Bloomberg)
- Nothing’s gonna stop the ECB now (FT Alphaville)
- UK GDP forecasts revised down (FT Alphaville)
- Global PMI Update: 10 Of 11 European Countries In Contraction (Zero Hedge)
Asia:
- China’s GDP is man-made, unreliable: top leader (Reuters)
- China official PMI shows factory sector barely growing (Reuters)
- China’s two-way liquidity risk: shadow banking (FT Alphaville)
- 44% of China’s superrich have plans to emigrate. Canada top choice – as if Vancouver homes aren’t expensive enough already (Wall Street Journal)
- Only 28% of wealthy Chinese say they are confident of China’s economy over next 2 years (compared to 54% in 2010) (Wall Street Journal)
Local: