Today I look at:
The unambiguously bullish result of the ISM's non-manufacturing composite index for June - pointing out the dramatic divergences within sectors, and the overall likely impact on 2Q GDP.
Germany's disappointing factory orders, propped up as they are by orders from the Eurozone ex-Germany which are, apparently, surging owing to spectacular recovery in demand for Germany's transport equipment.
Eurozone retail sales data, where the 17.8% mom rise in May's sales was lopsidedly generated by Germany, whilst other Eurozone majors continued to slump.
