Not coincidentally, both these numbers mirror the decline in the euro that took place over the period. With the euro recovering impressively since then, third quarter growth readings will likely fall short of what was achieved in the second. Out of the US, retail sales numbers were just released, Christian Louboutin showing an increase of 0.4% in July after falling 0.3% in June, but coming in just shy of the projected increase of .5%.
Moreover, core sales, which exclude the highly volatile auto, gasoline, and building christian louboutin shoes sector, declined Christian Louboutin Boots, and continue to reflect a recovery that seems to be softening. CPI numbers were a non-event, coming in slightly higher than expected, but showing no signs of inflation heating up. Michigan consumer sentiment readings for early August are due to be released in the next hour (expected at 70 from last month`s 67.80), and should be of interest to the US equity markets. None of Friday`s developments changes our short-term view of the markets, one which calls for further erosion over the short term. We expect that more of the earlier gains still need to be rolled back in order that prices line up more closely with the new realities of slowing global growth. Christian Louboutin Pumps Aluminium: We are now at $2,135 on ali, down $27, and where we were at this time on Thursday. Trading ranges remain tight, and volume is light. We look for further downside heading into next week. Zinc: We are at $2,065 per tonne, up $9, and very quiet, with a $30 trading range in place so far. Shanghai stocks were up by about 4,400 tonnes on the week.
Lead: Lead is at $2,095 per tonne, down $5. Nickel: We are $21,560 per tonne on nickel, up $135. With support at $21,500 taken out on a two-day closing basis, we could see prices heading lower towards $20,200 support. Tin: Tin is at $20,500, down $50, and relatively steady. The cash-to-three`s spread moved into a back of almost $30 for the first time in more than eight months. If you would like more in depth coverage of base metals forecasts click here.
A decision on its next expansion is expected in the fourth quarter, with the company planning to establish the facility by the first quarter of next year, he said. While independent warehousing companies may lose business from the trading houses that have acquired their own storage operations, there will always be services that the likes of CWT can provide, Maddocks said.
“A trader and a bank are not necessarily going to see us as the first port of call if they have cargo to move. But those traders cannot rely exclusively on their own (warehousing companies),” he said
Moreover, core sales, which exclude the highly volatile auto, gasoline, and building christian louboutin shoes sector, declined Christian Louboutin Boots, and continue to reflect a recovery that seems to be softening. CPI numbers were a non-event, coming in slightly higher than expected, but showing no signs of inflation heating up. Michigan consumer sentiment readings for early August are due to be released in the next hour (expected at 70 from last month`s 67.80), and should be of interest to the US equity markets. None of Friday`s developments changes our short-term view of the markets, one which calls for further erosion over the short term. We expect that more of the earlier gains still need to be rolled back in order that prices line up more closely with the new realities of slowing global growth. Christian Louboutin Pumps Aluminium: We are now at $2,135 on ali, down $27, and where we were at this time on Thursday. Trading ranges remain tight, and volume is light. We look for further downside heading into next week. Zinc: We are at $2,065 per tonne, up $9, and very quiet, with a $30 trading range in place so far. Shanghai stocks were up by about 4,400 tonnes on the week.
Lead: Lead is at $2,095 per tonne, down $5. Nickel: We are $21,560 per tonne on nickel, up $135. With support at $21,500 taken out on a two-day closing basis, we could see prices heading lower towards $20,200 support. Tin: Tin is at $20,500, down $50, and relatively steady. The cash-to-three`s spread moved into a back of almost $30 for the first time in more than eight months. If you would like more in depth coverage of base metals forecasts click here.
A decision on its next expansion is expected in the fourth quarter, with the company planning to establish the facility by the first quarter of next year, he said. While independent warehousing companies may lose business from the trading houses that have acquired their own storage operations, there will always be services that the likes of CWT can provide, Maddocks said.
“A trader and a bank are not necessarily going to see us as the first port of call if they have cargo to move. But those traders cannot rely exclusively on their own (warehousing companies),” he said
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