Most of the developed world did not observe major difficulties last week.
Japan’s Trade Balance data were published on Monday, indicating a Year over Year increase of 12.2% in Exports and a 19.6% Year over Year increase in imports.
This data is positive sign for both the East Asian market’s demand and for Prime Minister Abe’s financial policy.
On the other hand, local activity in the land of the rising sun was at a slight decline with the All Industry Activity Index showing a -0.6% decrease of activity during the previous month.
In the U.S., things seemed excessively hectic last week, as existing home sales surged to indicate 5.39 million units changing hands during the past year, the highest number in three years.
The surge of transactions may be the result of an increase of demand as the house price index, indicated a seasonally adjusted 0.7% increase, in June versus May.
Wednesday marked a very good opportunity to follow the U.S. bond markets, as the release of the Fed’s minutes from the last FOMC meeting made 10-year yields surge as high as 2.92%, for a short while.
The Eurozone continued to show signs of improvement, with Purchasing Managers Indices increasing in Germany and in the Eurozone as a whole.
Additionally, the Eurozone’s Consumer Confidence Indicator increased slightly to -15.6, from -17.4.