US services PMI rose to 55.2, beating expectations

The US services PMI rose to 55.2, beating expectations. House prices for 20 cities rose 1.1% in May, for a yoy gain of 4.9% (disappointing expectations of 5.6%). Consumer confidence (Conference Board) slumped 9% in July, its biggest fall in nearly four years and the largest negative surprise relative to consensus forecasts since 2003. 

The fall looks exaggerated though - the survey was out in the field through to 16 July, before Grexit risk had been taken off the table and near the low point for Chinese stocks, so the survey was exquisitely timed as uncertainty and volatility was hitting a crescendo a couple weeks ago.Richmond Fed manufacturing index rose from 7 to 13, beating expectations.