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BoE Minutes today

Filed in: Equity Update
18 August 2010 at 9:38 GMT
  • BoE Minutes and Deere & Company’s earnings report are the ones to watch today.
  • US Industrial Production rose 1% MoM in July driven by durable goods. While the report was much better than expected, we still expect production to slow down significantly in H2.
  • Japan’s leading index grew 0.4% in June while the coincident index edged up 0.1%.
  • AP Moeller-Maersk reported strong earnings this morning and the group forecasts 5% growth in volume 2H.
  • Wal-Mart and Home Depot was bad news for US retail yesterday. Sales are down and expected to retrace further and this will put margins under pressure going forward.

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