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Succinct Summation of Week Events (7.31.15)
Positives: 1. Durable goods increased 3.4% in June, above the 2.6% expected. 2. Case-Shiller home price index rose 4.4% y/o/y. 3. Weekly jobless claims rose to 267k off historically low levels; still very positive number. 4. July Markit services PMI rose to 55.2 from 54.8, a rebound from the lowest read since January last month. The average year to date is now 56.3 and remains below the average seen last year of 57.1. 5. Chicago PMI rose to 54.7, the highest reading since July 6. Japanese labor force participation rate rose to 60%, the most since September ’10, the size of the labor force increased by 390k and the ... (full story)