TODAY'S NEWS & MARKET ANALYSIS

MARKET ANALYSIS:
ECON DATA:

Currency		Actual	Forecast	Previous
EUR	German Retail Sales m/m	-1.50%	0.10%	0.70%
EUR	Italian Monthly Unemployment Rate	12.10%	12.30%	12.20%
EUR	CPI Flash Estimate y/y	1.60%	1.60%	1.60%
EUR	Unemployment Rate	12.10%	12.20%	12.10%
USD	ADP Non-Farm Employment Change	200K	179K	198K
USD	Advance GDP q/q	1.70%	1.10%	1.80%
USD	Chicago PMI	52.3	53.7	51.6
USD	FOMC Statement
USD	Federal Funds Rate	<0.25%	<0.25%	<0.25%

SUMMARY:
fed rules the SHOW

NEWS:

http://www.bloomberg.com/news/2013-07-30/china-stocks-world-s-worst-losing-748-billion-on-slump.html

http://www.bloomberg.com/news/2013-07-30/black-holes-at-china-s-shadow-banks.html

http://www.bloomberg.com/news/2013-07-31/asian-stocks-fall-ahead-of-fed-paring-monthly-gain.html

http://www.bloomberg.com/news/2013-07-31/gold-climbs-as-investors-await-fed-statement-silver-advances.html

http://www.cnbc.com/id/100926022

http://www.zerohedge.com/node/477021

http://www.businessinsider.com/japan-pmi-2013-7

http://blogs.reuters.com/macroscope/2013/07/30/spain-on-the-way-back-to-stagnation/

http://www.reuters.com/article/2013/07/30/japan-economy-pmi-idUST9N0E408820130730

HEADLINES

• http://hedgefundmgr.blogspot.co.il/  - CHINA in the news again