Financials, Metals and Energy The U.S. Q2 GDP report of +2.1% (q/q annualized) was mildly stronger than market expectations of +1.8%.  The strength in the GDP report came mainly from consumer spending, which showed a sharp rise of +4.3% and contributed a hefty 2.85 percentage points to the GDP growth rate. White House economic advisor […]

FINANCIALS, METALS AND ENERGY China approved the purchase by 5 Chinese companies of up to 3 MMT of U.S. soybeans, according to Bloomberg. The preliminary-July Markit U.S. manufacturing PMI fell by -0.6 points to 50.0, weaker than expectations of +0.4 to 51.0, although the services PMI rose by +0.7 to 52.2, stronger than expectations of […]