FYI: It hasn’t been a good day for economic data so far. Earlier this morning, the NFIB Small Business Optimism Index for the month of June showed a big decline on both an absolute and relative basis. While economists were forecasting the headline index to come in at a level of 98.5 versus last month’s level of 98.3, the actual reading came in at 94.1, which is the lowest reading since March 2014 and the biggest monthly drop (-4.27%) since November 2012. At the current level, the NFIB Small Business Optimism index is back below its average reading of 96.1 going back to 2000 and down over 6% from the post-recession high of 100.4 at the end of last year.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/two-big-economic-disappointments-for-june-but-pulse-had-you-covered/
Comments
Emerging market malaise drags global business confidence to post-crisis low
Global confidence about the year ahead at its lowest
since early-2009
Emerging market optimism hits new low amid weaker
optimism in China, India and collapse in Brazil
US optimism unchanged at post-recession low
Downturn in Japan’s outlook leaves UK as only major
developed economy seeing brighter prospects
The Markit Global Business Outlook Survey, which
looks at expectations for the year ahead across 6,500
companies, found corporate optimism to have dipped
to a post-financial crisis low in June.
The number of companies expecting their business
activity levels to rise over the coming year
outnumbered those expecting a decline by 26%, but
that’s down from a net balance of +39% this time last
year, with optimism having steadily waned over the
course of the past 12 months.
Confidence among the largest emerging market
economies sank to a new low in the survey’s six-year
history, and held at a post-recession low in the US. In
the developed world, only the UK saw improved
sentiment about the year ahead.
High(low)lights
US optimism stuck at post-recession low
UK optimism highest of all major countries
Eurozone confidence wanes
Japan sees optimism fade to two-and-a-half
year low
Emerging market malaise deepens
China sentiment at new low
Business confidence collapses in Brazil
Data collected 12-26 June 2015(Before recent China market rally/Grexit avoidance or kick another can syndrome)
http://www.markiteconomics.com/Survey/PressRelease.mvc/492d8de23653478999935ce564a44612
Original source:
http://www.capitalspectator.com/initial-guidance-14-july-2015/
Update
China's second quarter gross domestic product grew an annual 7.0 percent, steady with the previous quarter and slightly better than analyst forecasts. Fixed-asset investment and industrial output growth also beat economists' forecasts.
http://www.reuters.com/article/2015/07/15/us-markets-global-idUSKCN0PP01L20150715
China stocks retreat despite GDP surprise
Jul 15 2015, 02:13 ET AM| By: Yoel Minkoff, SA News Editor
China's economic growth proved resilient in the second quarter as policy makers stepped up support and a stock market boom - since soured - spurred services.GDP rose 7% in the three months through June, making it more likely the country will hit its 2015 growth target of about 7%.Despite the upbeat economic data, Chinese shares extended their slump. Some 696 mainland firms still remain suspended from trading, representing about a quarter of the number of companies listed on Shanghai and Shenzhen.Shanghai -4.4%; Shenzhen -4.7%
http://seekingalpha.com/news/2629065-china-stocks-retreat-despite-gdp-surprise?uprof=46