Despite agreeing to raise the U.S. debt ceiling by at least $2.1 trillion during the next decade and cut spending by at least the same amount, politicians could not satisfy markets spooked by poor economic data. After panic fueled a global market sell-off, not even the better-than-expected Bureau of Labor Statistics (BLS) employment data, showing nonfarm payrolls rising 117,000 in July with upward revisions to May and June figures and the unemployment rate falling to 9.1%, could calm markets suspecting a snowballing crisis. Other economic releases this week include: The Institute for Supply Management (ISM) manufacturing index fell to its lowest point in two years to 50.9 in July after rising to 55.3 in June. The ISM nonmanufacturing index fell
