International Data Releases of Note
EU/U.K./Canada
U.K.
- Rolling GDP at .3%
- Production output is down 2.7% M/M
- UK unemployment at 3.8%
Canada
- Value of building permits up 24%
EU
- Industrial production down .5%
EU/UK/Canada conclusion: This is the week Brexit came home to roost. Production dropped sharply thanks to manufacturing weakness, and GDP continued to soften. This is filtering out into the EU, which saw its industrial production move lower.
Emerging Markets/Asia/Australia
Emerging Markets
- Mexican industrial production declined 2.86%
- Brazil retail sales increased by 1.7%
- Indian industrial production up 3.4% Y/Y
South Korea
- Unemployment at