HEADLINES…
* Markets: Equities little changed in Europe/US, bond yields decline in US/DEU, rise in ESP/ITA, not too much change in FX. Modest risk-off tone early Monday.
* US: Import prices decline 0.6% mom in July, below mkt, down 0.3% mom ex petrol.
* US: Budget deficit $69.6bn in July, well below mkt
* CAN: Employment down 30.4k in July, below mkt, jobless rate rises 0.1pts to 7.3%.
* UK: PPI inputs up1.3%mom in July, at mkt, outputs flat
* FRA: IP prints flat in June, below mkt, down 2.3%yoy.
* DNK: Industrial orders down 2.8%mom in June.
* NOR: Credit growth 7.1%yoy in June, above mkt.
* CHN: Trade surplus falls to $25.15bn in July as export growth slumps to 1.0%yoy.
* CHN: New Yuan loans down RMB379.7bn to RMB540bn in July, below mkt.
* JPN: GDP rises 1.3% saar in Q2, below mkt.
THE DAY AHEAD…
* FRA: Current Account (Jun)
* DEU: Wholesale Price Index (Jul)
* NOR: Retail Sales (Jun)
Click here to read the full report: Daily Forex 08.13.12
Deutsche Bank