WHAT TO WATCH: U.S. wholesale prices probably rose 2.4 percent in July from a year earlier, according to forecasts, 8:30 a.m. The Federal Reserve’s James Bullard speaks on monetary policy in Kentucky, 2:15 p.m. The U.K. unemployment rate remained at 7.8 percent in the second quarter. Euro-area GDP rose 0.3 percent in the three months through June after shrinking for [...]
Estekene Capital Management LLC, the $100 million New York-based long-short valuebased equity hedge fund run by Peter Carlin and Charlie Carr, is shutting down and returning money to investors after having difficulty fundraising, according to a letter to investors obtained by Bloomberg. To read more, click here.
NEWS: Germany expects to cut planned 2014 bond sales. U.K. unemployment will hit Mark Carney’s 7 percent threshold faster than the BOE forecasts, a survey shows. The RICS U.K. house-price gauge rose to the highest in almost seven years in July. To read more, click here.
WHAT TO WATCH: U.S. retail sales probably rose in July for a fourth consecutive month, according to forecasts, 8:30 a.m. The Federal Reserve’s Dennis Lockhart speaks on the economy in Atlanta, 12:45 p.m. Euro-area industrial output expanded less than economists estimated in June. U.K. inflation slowed from a 14-month high in July, led by airfares and summer discounting at clothing stores. [...]
Investors seeking refuge from Detroit’s record bankruptcy may find it in Florida’s Reedy Creek Improvement District, which helps keep Walt Disney Co.’s Magic Kingdom running and is planning its biggest borrowing since at least 1990. To read more, click here.
by Elizabeth Krutoholow Biogen’s Tecfidera is unlikely to face competition from generic dimethyl fumarate, according to physicians interviewed. The company introduced its oral multiple sclerosis (MS) drug in the U.S. in the second quarter this year. In its recent earnings call, Biogen said the launch is “going very well.” Read More >>>
NEWS: Japan’s economy slowed more than forecast last quarter. The SNB will abolish its franc cap once it starts raising rates, Vice President Jean-Pierre Danthine said. Job vacancies at London’s financial-services companies fell by more than a third last month. To read more, click here.
WHAT TO WATCH: The euro-area economy probably edged back to growth of 0.2 percent in the three months through June, for the first time since 2011, economists forecast before GDP data on Wednesday. Japan’s economy slowed more than forecast in the second quarter as businesses cut investment. To read more, click here.
California’s sale this week of $5.5 billion of notes is putting it on pace for the least short-term borrowing in five years as the outlook for the world’s ninth-largest economy brightens. To read more, click here.