Global Macro Perspectives
(For The Week Ending October 8, 2010) Crude oil stocks fell 0.4 million barrels for the week ending October 8, 2010; Gasoline stocks fell 1.8 million barrels; Distillate stocks were down 0.3 million barrels; Propane/propylene stocks rose 0.3 million barrels; Other oils stocks fell 2.1 million barrels; Total crude oil and petroleum stocks were 4.5 […]
(For The Week Ending October 8, 2010) ECRI Weekly Leading Index for week ending October 8, 2010 was reported down 6.9%. Prior reading was at -7.0%.. Chart 1. ECRI Weekly Leading Index
(For October 2010) Empire State Manufacturing Survey for October came out at 15.7 vs. 6.0 consensus and 4.1 prior reading. Positive surprise. Chart 1. ISM manufacturing vs. Regional Manufacturing Surveys
(For October 2010) October University of Michigan Consumer Sentiment was reported at 67.9 vs. 68.9 consensus and 68.2 September reading. Contrary to the other data released today this one is on the weak side. Chart 1. University of Michigan Consumer Sentiment vs. Conference Board Consumer Confidence
(For September 2010) U.S. retail sales rose 0.6% in September . The consensus was at 0.4%, August reading (revised up 0.4%) was at +1.0%. On year level retail sales are up 7.3%. Declining only clothing & clothing accessories. Positive report. Chart 1. U.S. Retail Sales Autos taken out, the figure was an increase of 0.4% vs. consensus of 0.3% growth. Prior […]
(For September 2010) U.S. consumer price index rose 0.1% in September vs. 0.2% consensus and August reading of 0.3%. Chart 1. U.S. Consumer Price Index Consumer price index fell less food & energy came out unchanged. September reading was also at 0.0%. The consensus was at 0.1%. Chart 2. U.S. Consumer Price Index Core (Less Food & Energy) We […]
(For The Week Ending October 8, 2010) Working gas in storage rose 91 Bcf from previous week. Consensus was at 92 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
(For August 2010) U.S. trade balance for June was reported at $-46.3 billion vs. consensus of $-44.0 billion and July reading of $-42.6 billion. Chart 1. U.S. Trade Balance
(For September 2010) U.S. producer price index rose 0.4% in September vs. 0.1% consensus. August reading was also at 0.4%. On year level PPI is up 4.0%. Chart 1. U.S. Producer Price Index Food & energy taken out U.S. producer price index rose 0.1% in September. The consensus and prior reading were also at 0.1%. On year level core PPI […]
(For The Week Ending October 9, 2010) Initial jobless claims in the U.S. were reported at 462.000. The consensus was at 445.000, last week revised (up 4.000) reading was at 449.000. It’s not improving after all… Chart 1. U.S. Initial Jobless Claims
This is nice: World Debt Clock.
The Ceridian-UCLA Pulse of Commerce Index fell 0.5% in September after falling 1.0% in August. Press release. The decline indicates four consecutive months of limited to no increases in over the road movement of produce, raw materials, goods-in-process and finished goods since the PCI peaked in May 2010. Moreover, the PCI forecasts GDP growth in […]
(For September 2010) The most broad measure of money supply – M2 rose 19.0% YoY in September vs. 18.9% consensus and 19.2% growth in August. Slight tick up in money supply growth. Chart 1. China Monetary Aggregates China new loans rose CNY 595.5 billion in September vs. CNY 545.2 billion in August and consensus of CNY 500.0 billion. Total […]
(For September 2010) China trade balance was reported at USD 16.9 billion vs. USD 20.0 billion in August. Export and import growth were running at 25.1 and 24.1 percent. The accumulated surplus is now at USD 121.4 billion vs. USD 136.6 billion for the same last year and full year 2009 USD 196 billion. Chinese economy at exact place […]
You should read this. Naked Capitalism: Josh Rosner: “Could Violations of PSA’s Dwarf Lehman Weekend?”.