Mixed Data

The day was filled with economic data . No clear conviction from the markets. Let’s start.

Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September.

Personal income and outlays data, on the other side, came mostly positive. Personal income rose 0.2% right at the consensus. Consumer spending up 0.7% vs. 0.5% consensus.

Jobless claims were reported at 466k vs 495k consensus and 505k previous month. Big positive print.

Chart 1. New Jobless Claims

Source: Econoday

Source: Econoday

Consumer sentiment edged higher reaching 67.4 vs. 67 consensus and 66 in October.

New home sales came in line with existing home sales large surprise to upside 430k vs. 420k consensus and 402 reading in September.

Chart 2. New Home Sales

Source: Econoday

Source: Econoday

, , , ,

This entry was posted on Wednesday, November 25th, 2009 at 1:07 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player