Archive for September 29th, 2010

MBA Mortgage Applications Down 0.8%

(For The Week Ending September 24, 2010) MBA mortgage applications fell 0.8% , prior reading was a decrease of 1.4.%. Refinance index fell 1.6%; Purchase index rose 2.4%. Chart 1. MBA Mortgage Applications

ATA For-Hire Truck Tonnage Index Down 2.7% In August

(For August 2010) The American Trucking Associations seasonally adjusted For-Hire Truck Tonnage Index fell 2.7% in August. The largest month-to-month decrease since March 2009. From the Press Release: ATA Chief Economist Bob Costello said that August’s data highlights that the economy, while still growing, is slowing. “We fully anticipate sluggish economic growth for the remainder […]

Ireland & Portugal Government Spreads At Fresh Highs

Irish spreads again a bit higher today. Irish government will announce tomorrow the details of Anglo Irish burial rescue. So far the bank has received EUR 23 billion of state help, tomorrow will be added additional EUR 10-15 billion. Incidental tomorrow marks two years of Irish government guaranteeing Anglo Irish debt and the guarantee is not (jet) extended. So, there is a possibility that some EUR 5.7 billion […]

China HSBC/Markit PMI For September At 52.9

(For September 2010) HSBC/Markit China PMI rose from 49.4 to 52.9. It appears that China industrial production figures for September will improve a bit. Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI; HSBC Markit China Manufacturing PMI; China Industrial Production Growth


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