Archive for October 21st, 2010

U.S. Natural Gas Weekly – October 21, 2010

(For The Week Ending October 15, 2010) Working gas in storage rose 93 Bcf from previous week. Consensus was at 88 Bcf. Storage just keeps on rising futures more and more oversold. It has to end at some time… Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average […]

Conference Board Leading Economic Index For September Rose 0.3%

(For September 2010) Conference Board Leading Economic Index (LEI) rose 0.3% in September. The consensus was at 0.3%, prior revised reading (from +0.3%) was at 0.1%. On year level LEI is up 6.0% vs. 6.8% in August. This is uber-Keynesian indicator as 43% of its value is derived from monetary factors (M2 and interest rate spread). […]

October Philadelphia FED General Business Conditions Index At 1.0

(For October 2010) Philadelphia FED General Business Conditions Index rose to 1.0. The consensus was at 2.0, prior reading at -0.7. Slightly improved, but still close to contraction. Chart 1. ISM  vs. Regional Manufacturing Surveys

U.S. Petroleum Weekly – October 21, 2010

(For The Week Ending October 15, 2010) Crude oil stocks rose 0.7 million barrels; Gasoline stocks were up 1.2 million barrels; Distillate stocks were down 2.2 million barrels; Propane/propylene stocks fell 0.7 million barrels; Other oils stocks fell 0.9 million barrels; Total crude oil and petroleum stocks were 2.0 million barrels lower than the week […]

U.S. Initial Jobless Claims At 452.000; Previous Week Revised Up 13.000

(For The Week Ending October 16, 2010) Initial jobless claims in the U.S. were reported at 452.000. The consensus was at 455.000, last week revised (up 13.000) reading was at 475.000. Big revision… Chart 1. U.S. Initial Jobless Claims

China Fixed Asset Investments Rose 24.5% In September

(For September 2010) China fixed asset investments rose 24.5% In September; the consensus was at 24.6%, August reading was 24.8%. This is obviously under control. Chart 1. China Fixed Assets Investment

Industrial Production In China Rose 13.3%

(For September 2010) Industrial production in China rose 13.3% y-o-y in September; August reading was at 13.9%. The consensus was at 14.0%. PMI’s were wrong…. Chart 1. China Industrial Production vs. China PMI’s

China Retail Sales Up 18.8%

(For September 2010) China retail sales rose 18.8% in September vs. 18.5% consensus and 18.4% growth in August. Chart 1. China Retail Sales Growth

China CPI Inflation In September At 3.6%; China PPI Inflation In September At 4.3%

(For September 2010) China Consumer Price Index was up 3.6% in September, again right at the consensus. August reading was at  3.5%. China Producer Price Index was up 4.3% in September, same as in August. Consensus was at 4.1%. Again, most of the consumer price increase came from food. Both of the inflation measures rose significantly on m-o-m […]

China Q3 GDP Growth At 9.6%

(For Q3 2010) China third quarter GDP growth was reported at 9.6%, slowing down from second quarter growth rate of  10.3%. Most of the slowdown can be attributed to fixed-asset investment slowdown. I have to say I expected a stronger figure given recent rise in benchmark interest rate, so I conclude that the rate increase is mainly […]


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