The weekend is upon us. It is time to kick off the shoes and relax a bit, even for a fleeting moment. Still doing my readings on varied topics / subjects to keep engaged. Also, letting my imaginations run amok as I hypothesize about the “what-ifs”. In another Multi-verse, it might just be the “truth”. What am I getting up to? US July Consumer Price Index (CPI) was released on Thu, 10 Jul 2023. It came in at 3.2%; 1% off the mark from wall street 3.3% forecast. Comparatively speaking, its +0.2% higher than June 3.0% CPI though. Backdrop Against The 3.2% July CPI: The Kingdom and Russia have “volunteered” to reduce output capacity by 1 Million barrels per day since July 2023. This has “effectively” drove up oil prices. On 03 Aug 2023, Saudi Arabia announced that the additional 1 Mi
Public Holidays No public holidays for Hong Kong, Singapore, the US & China in the coming week. Economic Calendar (14Aug2023) Economic Calendar for the week starting 14 Aug 2023 Notable Highlights Retail data - Core retail sales and retail sales data will be announced this week. This reflects consumption in the USA. Building Permits. This will shed some light pertaining to real estate. Philadelphia Fed Manufacturing Index. From investing > The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. Jobless cla