Pending Home Sales Index Fell 2.8% In January
Pending home sales fell rose 2.0% in January vs. revised (down from +2.0%) fall of 3.2% in December. On year level, the index is down 1.6%.
Archive for February 28th, 2011
Chicago Purchasing Managers Index For February At 71.2
Chicago Purchasing Managers Index was reported at 71.2. Consensus was at 67.5, prior reading at 68.8.
Highest reading since 1988. Prepare for a blowout ISM Manufacturing.
U.S. Personal Income Rose 1.0%; U.S. Consumer Spending Rose 0.2%
U.S. personal income rose 1.0% in January vs. 0.4% consensus and 0.4% rise in December. On y-o-y level personal income is up 4.6%.
U.S. consumer spending rose 0.2% in January vs. 0.4% consensus and 0.5% December reading (revised from 0.7%). On y-o-y level consumer spending is up 4.0%.
Morning Reading – Monday, February 28, 2011
*** JESSE’S CAFÉ AMÉRICAIN: Gold Daily and Silver Weekly Charts – Bear Raid Confirmed and the Silence of the Lambs ***
*** Calculated Risk: Buffett on Housing ***
*** The Slope Of Hope: This Market Is All Long ***
*** FT Alphaville: What Libya crude cuts mean for tanker rates ***
*** FT Alphaville: It’s an Irish bank eat Irish bank world ***
*** FT BeyondBRICs: China’s airport overkill ***
New Week Intro – February 28, 2011
Weekly economic calendar.
Dry Bulk Weekly – February 28, 2011
Baltic dry index fell 10.4% last week; Capesize Index was down 8.8%; Panamax Index fell 9.6%; Supramax Index rose 9.3%; Handysize Index was up 2.7%.
Iron ore and steel inventory at new all time high. Thermal coal inventory rising fast.
This could be a canary in a coal mine for Chinese economy…
Rig Count Weekly – February 28, 2011
Number of crude oil drilling rigs fell for 15; Number of natural gas drilling rigs fell for 1.