Developing… this will be updated as the morning progresses.ASIA: Started soft, but finished higher. China, Korea, and Australia outperformed, while Japan fell. Japanese GDP growth unexpectedly ground to a halt during Q2. FDI into China continues to expand despite rising wages. Additional market action in the focus charts below.
MACRO: Gold is holding well above $1,200, the yen is approaching 95 per US$ again. Despite China slow-down concerns, the Australian dollar is strengthening.
U.S. FUTURES: Rising so far. Today watch for housing starts data at 8:30 AM ET, produce prices at 8:30 AM, and industrial production at 9:15 AM.
EARNINGS TODAY: Abercrombie & Fitch (ANF) and Home Depot (HD)
Australia's ASX200 beat even the CSI 300 today, significant relative outperformance here (+0.87% today)
Even Korea's efficient steelmaker Posco (ADR PKX in the U.S.) slipped, despite a strong finish for the Korean market
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