After weak German IP numbers, eyes on ECB minutes – TDS

Research Team at TDS, notes that the German IP came in at –1.3% M/M in May vs the +0.1% consensus, showing the downside that we were looking for.

Key Quotes

“IP has declined now for 3 of the last 4 months, leaving the manufacturing sector looking quite soft in Q2. We also get the latest ECB minutes at 7:30am ET, but we don’t expect to see much there after what was a noneventful meeting, with the ECB in implementation mode.”

Jul 7, 2016

UK: Several more property funds had to suspend redemptions - BBH

Research Team at BBH, notes that the UK IP fell -0.5% m/m in May vs. -1.0% expected and manufacturing also fell -0.5% m/m vs. -1.2% expected. Key Q

German IP fell -1.3% m/m in May - BBH

Research Team at BBH, notes that the German IP fell -1.3% m/m in May vs. a gain of 0.1% that was expected. Key Quotes “The April gain was revised d