The Traderszone Network

Investors need patience to let a long-term strategy pay off, says Phil van Doorn.
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Highlights of the June 2015 Eurozone retail sales data report 5 August 2015
– Prior +0.2%. Prior revised to 0.1%
– 1.2% vs 2.0% exp y/y. Prior 2.4%. Revised to 2.6%
Plenty of wallets remain in the pockets of Eurozone consumers. Retails can be volatile at the best of times, and half the data hasn’t been calculated anyway, but the y/y trend is fairly clear

Details of the July 2015 UK services PMI data report 5 August 2015
– New orders 58.6 vs 57.2
– Composite 56.6 vs 56.9 exp. Prior 57.4
Misses the beat but new orders saves it from being a bad report

Among the stocks likely to make notable moves in Wednesday trade are Fitbit, which went public in late June and has been soaring since.

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Yes folks, it’s the services PMI that really counts this morning given the sector’s large contribution to UK GDP
Despite govt and BOE wanting a more diverse/even split in the UK economy it’s not going to happen anytime soon and the services PMI remains a highly awaited number

Disappointing expectations and worse than previous reading
– +0.9% prev
– yy wda -0.3% vs +1.4% exp vs +3.1% from +3.0%
– yy nsa +2.9% vs -0.1% prev from -0.2%
Better yy nsa data somewhat nullifying the mm readings but overall not good