Eurozone CPI and Empire Manufacturing dominate agenda Mads Koefoed, Filed in: 3 numbers to watch 16 August 2010 at 8:04 GMT Non-Independent Investment Research Eurozone CPI and Empire Manufacturing are the ones to watch Monday. New orders for the latter showed the expansion is growing at a slower rate last month, but consensus is still for an overall increase in activity in New York. In the US, department stores Kohl’s and JC Penney have both lowered their profit forecasts as back-to-school shopping is off to a sluggish start meaning that margins get squeezed as consumers wait for companies to lower their prices. Solid Eurozone and German GDP growth of 1.0% and 2.2% QoQ, respectively, combined with in line US data was not enough to keep stocks from failing. The Eurozone GDP report shows a gap between northern and southern members. Japan grew a meagre 0.1% QoQ in the 2Q from 1.1% in 1Q. Domestic demand declined 0.2% so net exports had to rescue Japan from a negative print; that is a concern considering the strong JPY of late. Tweet Like LinkedIn Share Google+ Previous Next Comments Please sign in to comment or ask the author a question about this article. Recommended Recommend Unrecommend Recommend Tweet Like LinkedIn Share Google+ Related articles The beginning of the end... a new focus for the Eurozone Market Preview - 6 September 2011 Market Preview - 31 August 2011 Market Preview - 10 August 2011 Market Preview - 30 June 2011 Topics This post appears under the following topics... equities Gross Domestic Product Manufacturing Consumer Price Index