Fitch expects the Japanese government to sustain a consistent decline in its fiscal deficit and public debt over its five-year forecast horizon.

Qunzhi Consulting says a stronger near-term supply recovery has loosened the supply-demand balance and expects July LCD TV panel prices to decline modestly. By size: 32-inch — second-tier market demand has fallen sharply; July average price down $1. 50-inch — 50FHD demand provides some support but cannot offset overall weakening; July average price down $2. 55-inch — demand relatively stable while supply rises; July average price down $2. Large sizes — brand demand remains resilient but G10.5 capacity has clearly recovered; July average price down $3.

US Dallas Fed manufacturing shipments index 8.8 in July, up from 7.1 in June.