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Angela Merkel on the Wires

Says:

  • New problems start if swap misses its target
  • Still extremely “spartan” on ESM funds
  • To tell law makers she expects Greek swap to go well
  • Stress Greek write down remains exceptional case
  • Pressure rising over ESM, the debate

Mexico Consumer Prices Improve

Consumer Prices (MoM):    Survey:  0.74%         Actual: 0.82%           Prior:  1.08%           

Consumer Prices (YoY):   Survey:  3.74%         Actual: 3.82%             Prior: 3.48%        

Consumer Prices Core (MoM):   Survey:  0.49%         Actual: 0.51%           Prior:  0.32%

Consumer Confidence Slightly Lower, Richmond Fed Improves

Consumer Confidence: Survey: 46.0  Actual: 45.4     Prior: 44.5  Revision: 45.2

Richmond Fed Manufacturing Index:  Survey: -11   Actual: -6  Prior: -10

 

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