Positive economic news out of Germany regarding increasing growth forecasts was overshadowed by the weekly jobless claims data. It showed that applications for unemployment benefits in the U.S. unexpectedly increased to the highest level since November. This is increasing concerns that the economic recovery is faltering.

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"Quiet Man Dreaming" is the first international solo exhibition for the Australian Aboriginal Artist John Weeronga Bartoo on view at Colorida Gallery in Lisboa from August 14 through 28, 2010. John who has only been painting since 2003 is no stranger to the international art scene having won a number of international art prizes and exhibiting in numerous Group Exhibitions in Belguim, Germany, Hong Kong, Italy
and the United States. John Weeronga Bartoo has been a Premiere Portfolio Artist at absolutearts.com since 2007.

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U.S. treasuries and mortgages are slightly lower today as a report in Germany showed that their consumer confidence increased in August. Today’s May S&P/Case Shiller Composite – 20 home price index was expected to be unchanged month over month at .20%. On a year over year basis, the Case Shiller index was expected to be unchanged from Aprirl at +3.8%. Both readings came in slightly higher than expected, +.47% month over month and +4.61% year over year.

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Rates improved last week on continued global economic uncertainty, the passing of the financial reform bill by the Senate and the move by Germany to limit short selling. Some of the key economic releases slated for the week include April’s new and existing home sales, April’s durable goods, along with a total of $113 billion of Treasury auctions.

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Treasuries are lower this morning after rallying yesterday and after the CPI came in lower than expected. Treasuries traded higher yesterday morning after the Producer’s Price Index was unexpectedly decreased, reinforcing expectations the FOMC will keep interest rates unchanged in the short term. Treasuries got another boost after Germany banned naked short selling, fueling speculation European financial institutions are in worse shape than anticipated.

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The Cooper Gallery announces their featured artist this month is Trisha Lambi. Trisha has this 9th solo exhibition to her name, which is a reflection on the talent of an artist who has only been painting professionally for 7 years. She is from Brisbane however her work is represented all over the world in such far off places as Canada and the USA, Spain, Germany, Ireland and China. Trisha is inspired by Light on Form, and her works have a somewhat neo-classical flavour to them. There is emotion in these paintings and it is as though we are seeing part of a story without knowing the whole of it: we see a glimpse, a moment in time, which make us wonder what is really going on. This is quite deliberate as the artist wants the viewer to make their own analysis of the work. Trisha Lambi has been a Premiere Portfolio at absolutearts.com since 2001.
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The Magda Danysz gallery presents, for the first time, the work of Alex Angi; an artist already
famous for numerous collective exhibitions with the Cracking Art Group in England, Germany,
China and Korea. While many people think about the nature of art or about its imminent death,
Alex Angi contemplates the probable death of nature. His works deals with our society, with
current problems of our planet and with the genetic revolution. According to him, the world is in
danger but art can have an impact on this evolution.
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