Today was an unusually quiet / insignificant day for data.
The one potentially significant piece of data came from the NY Fed's June series of expectations surveys, which, apart from showing receding inflation expectations, highlighted the underlying caution about labour markets and earnings growth which looks likely to restrain household spending in the recovery of the coming 12m.
Elsewhere, I note the dramatic rebound in Australia new home sales - thanks to a lavish government program of grants - and India finally reconstructing CPI results for April and May as it released the June index.
