Archive for February 17th, 2011

U.S. Initial Jobless Claims At 410.000; Up 25.000

Initial jobless claims in the U.S. were reported at 410.000 vs. 400.000 consensus; last week revised (up 2.000) reading was at 385.000.

Lot of noise in data; Big weekly raise. Four weeks moving average unchanged.

U.S. Consumer Price Index Rose 0.4% In January

U.S. consumer price index rose 0.4% in January vs. 0.3% consensus and December reading of 0.5%. On year level CPI inflation is running at 1.7%.

U.S. Petroleum Weekly – February 17, 2011

Markets well supplied, demand weak, refiners cutting refining capacity and crude oil imports. Record high WTI – Brent pricing disparity.

U.S. Housing Starts Rose 14.6%; Number Of Building Permits Issued In The U.S. Fell 10.4%

U.S. housing starts in December rose 14.6% to 596.000 vs. revised (9.000 lower) 520.000 December reading. The consensus was at 529.000. On year level U.S. housing starts are down 2.6%.

FOMC Minutes – February 16, 2011

Did not have time to review this yesterday… Most important – economic projections were raised up. Theme remains unchanged: inflate.


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