Day: 15 August 2020

Data Preview: Reduced Northeast Cases Lift Factory Data

After a busy week, the upcoming data schedule is a bit lighter. After being hit hard by COVID early in the spring, the Northeast region has seen a sharp improvement that will translate into further strengthening in manufacturing conditions for August. The New York Fed’s Empire State reading, to be released on Monday, is expected […]

US July Retail Sales Weaker than Expected, Up 1.2%

Retail sales rose further in July, but the rate of growth slowed dramatically after pent-up demand led to much larger gains in May and June. The resurgence of COVID-19 cases could be a negative in next month’s data. Total retail sales rose by only 1.2%, well below the 2.0% gain expected, with increases seen in […]

In the FICC of It

This week’s podcast focuses largely on liquidity in FX markets, which naturally gives P&L’s managing editor, Colin Lambert, an opportunity to share some of his more strident opinions, not least when it comes to customers complaining about spreads. Luckily for listeners, Matthew Hodgson, founder of Mosaic Smart Data is on hand to provide some reasoned […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support