15.08.26 Daily Summary

1. German IFO increased in July broadly while the difference between current conditions and expectatios widens. IFO expectation index tends to lead the current conditions with a lag of from a quarter to two quarters historically.

2. US Conference Board's consumer confidence jumped above the market consensus in July, making up the tumbled in previous month. In a younger group, under 35 years old, the sentiment improved most particularly. Recent woes about losing growth momentum in U.S. are underpinned by weak sentiment index in a part, but this indicator showed the recent trend that the indicator rose again followed by disappointed previous data. U.S. economy is maybe really solid...it's really hard to track...

3. New home sales in U.S. rebound in July along with the prices.

4. Some economists argue that Fed funds rate hike is possible in September meeting as emphasize the role of vice president, Fisher. But, it will be hard to...

5. Premier Li in China is responsible for the panic equity market and economic burst? He faces many criticism... announced by Financial Times

6. SHCOMP index fell today despite cut of both of lending rates and RRR in late evening, yesterday, and rebounding other countries equity markets. Index lose -1.3% today. But, I see the possible rebound on the positive cloud of monthly chart...

7. Although S&P500 index in U.S. seems somewhat negative...on the weekly and monthly chart of S&P500 index showed the possibility of restrained downside risk from current level... In contrary, it would be another falling knife... 

In this environment, we should be cautious on risky assets at least...