Succinct Summation of Weeks Events (7.13.12)
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.
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FF News: Fundamental