20 August, 2015 by The TZ Newswire Staff Comments Off on New Zealand July Credit Card Spending +1.7% m/m (prior +0.3%)
New Zealand July Credit Card Spending +1.7% m/m (prior +0.3%)
New Zealand – Credit card spending for July
+1.7% m/m,
– prior was +0.3%
+9.7% y/y,
– prior was +6.6%, revised from +6.5%
–
Stronger spending data from NZ
20 August, 2015 by The TZ Newswire Staff Comments Off on US Equity Futures Nosedive After China PMI Plunge
US Equity Futures Nosedive After China PMI Plunge
It appears bad news in China is “bad news” for everyone. With Chinese authorities already in full liquidity spigot-mode, the fact that China PMI for August collapsed to its lowest since March 2009 strongly suggests that – unlike every talking-head’s proclamation – a crashing stock market does (whether reflexively or not) impact the real economy. US equity futures legged significantly lower on the news – S&P 500 to 7-month lows, eyeing the stunning 2,000 level; and Japanese stocks also legged lower.
20 August, 2015 by The TZ Newswire Staff Comments Off on Asia stocks … Nikkei needs some Imodium
Asia stocks … Nikkei needs some Imodium
If you have never used Imodium, or don’t even know what it is … lucky you
But, if you’ve got some, please pass it to the Nikkei along with a glass of Lucozade ….
20 August, 2015 by The TZ Newswire Staff Comments Off on Quick take on the China manufacturing PMI: ABN Amro … "More monetary stimulus expected"
Quick take on the China manufacturing PMI: ABN Amro … "More monetary stimulus expected"
ABN Amro quick off the mark with their assessment of what the
very poor flash reading on the China Caixing manufacturing PMI means …
(Give yourself a gold star if you’ve already guessed…):
20 August, 2015 by The TZ Newswire Staff Comments Off on Economic data still to come today – Japan, NZ
Economic data still to come today – Japan, NZ
Still coming up from Asia econ today …
0300GMT from New Zealand – Credit card spending for July
– for the m/m, prior was +0.3%
– for the y/y, prior was +6.5%
0500GMT – back to Japan for July Supermarket sales, prior was +0.3%
20 August, 2015 by The TZ Newswire Staff Comments Off on Paul Craig Roberts: "Insouciance Rules The West"
Paul Craig Roberts: "Insouciance Rules The West"
20 August, 2015 by The TZ Newswire Staff Comments Off on Aston Martin’s Not-so-Ambitious Electric Car
Aston Martin’s Not-so-Ambitious Electric Car
Could Aston Martin’s planned electric Rapide fall short of high standards set by Tesla’s Model S?