From: Ike Groff Subject: Early Tour 8.1.13 Date: Thu, 01 Aug 2013 10:09:34 +0000 Inline-Images: image001.jpg: image002.png :"Description: Description: Good Morning ... European Markets up 45-135 bps ... ASX +0.19%, NKY +2.47%, KOSPI +0.35%, TWSE -0.64%, SHCOMP +1.77%, HSI +0.94% EUR 1.3236 (-0.49%) JPY 98.72 (-0.85%) EUR/JPY 130.66 (+0.35%) AUD 0.8978 (-0.04%) NZD 0.7947 (-0.49%) US 10yr 2.60% Japan 10yr 0.80% Germany 10yr 1.61% Portugal 10yr 6.37% Italy 10yr 4.38% Spain 10yr 4.64°A, Futures: Dow +110, Nasdaq +22, S&P +13 DXY $82.03 (+58c) Crude $106.23 (+$1.20) Gold $1324.10 (+$10.70) Copper +1.15% Silver +0.47% The month began on a positive note for most of the region post the slightly more dovish FOMC comments overnight (seems like street taper expectations starting to move more towards December vs September). Japan outperformed with the Nikkei closing above 14,000 as the JPY weakened late in the day and earnings helped give sentiment a boost. Shanghai also finished strong after the China manufacturing PMI beat, coming in at 50.3 vs. consensus at 49.8 (while the HSBC Markit number came in at 47.7, which was in-line with flash number). Australia struggled as the banks traded lower following local press reports that the government is planning a new deposit insurance levy of between 50 and 100bps which they'll announce tomorrow. European markets also broadly higher to start the session. SocGen, Lloyds, Danske Bank all trading up over +7-8% on solid numbers has the Stoxx600 Bank Index (SX7P) leading the way up. Healthcare underperforms as Sanofi is trading -6.2% after missing and guiding down (Astrazeneca also -0.50% on relatively inline numbers). On the Macro front, European PMI Manufacturing tt's were out this morning as well: Eurozone 50.3 (est 50.1), Germany 50.7 (est 50.3), France 49.7 (est 49.8), UK 54.6 (est 52.8), Italy 50.4 (est 49.7), Spain 49.8 (est 50.6), Sweden 51.3 (est 53.0). Note that Switzerland is closed for holiday toda