These are today’s important economic events of the day – August 1, 2012:
- Bundesbank’s Weidmann Says ECB Shouldn’t Overstep Mandate.
- Hollande and Monti Vow to Protect Euro.
- Monti Calls French, Finns to Action as Italy Yields Rises.
- not working though: Banking license for bailout fund is wrong: German Economy Minister.
- Switzerland is ‘New China’ in Currencies.
- Regulator Says no to Obama Mortgage Write-Down Plan.
- When domestic monetization is not enough: Azumi Spurns Calls for Bank of Japan to Buy Foreign Bonds to Curb Yen.
- Indonesia’s July Inflation Accelerates on Higher Food Prices.
- China Manufacturing Teeters Close to Contraction.
- Spain Introduces Regional Debt Ceilings to Achieve Budget Goals.
- China’s Home Price Gain Signals ‘Turning Point,’ SouFun Says.
- Singh Answers Sought as Worst Power Crisis May Hurt Growth.
- Geithner Urges U.S. Congress, Europe to Spur Growth.
Regarding the news from Europe these are the developments of the day – August 1:
- Sweden PMI Manufacturing 50.6 – higher than expected. Consensus 47.7.
- Spain PMI Manufacturing 42.3 – higher than expected. Consensus 40.3.
- Italy PMI Manufacturing 44.3 – higher than expected. Consensus 44.1.
- France PMI Manufacturing 43.4 – lower than expected. Consensus 43.6.
- Germany PMI Manufacturing 43.0 – lower than expected. Consensus 43.3.
- Euro Area PMI Manufacturing 44.0 – lower than expected. Consensus 44.1.
- UK PMI Manufacturing 45.4 – lower than expected. Consensus 48.4.
Sources: Bloomberg, Reuters, FT