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July 13, 2012

Succinct Summation of Week’s Events (7.13.12)

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Succinct summation of week's events: Positives: 1) Yields in Spain and Italy back off from retest of recent highs. 2) China's retail sales in June rise 13.7% y/o/y, above est of 13.4%. 3) China CPI up 2.2% y/o/y in June, slowest gain since Jan '10 and PPI drops 2.1%, biggest since Nov '09. ... FF News: Fundamental

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