Initial Guidance | 31 August 2015

● US personal income & spending rise in July
● US consumer sentiment slips to 3-month low in August
● A Fed rate hike in September? Maybe, says Fed Vice Chairman Fischer
● Eurozone flash estimate of annual inflation in Aug: stable but close to flat at 0.2%
● German retail sales accelerate, rising 1.4% in August
● Italy retail spending falls for second month in August
● Japan industrial output slides 0.6% in July