UOM/Reuters Consumer Sentiment For August At 69.6
UOM/Reuters Consumer Sentiment for August came out at 69.6 vs. 69.0 consensus and 66.5 July reading. Chart 1. University of Michigan/Reuters Consumer Sentiment
U.S. Consumer Price Index Rose 0.3% In July
U.S. consumer price index rose 0.3% in July, right at the consensus. June reading was at -0.1%. Consumer price index fell less food & energy came out at 0.1%. The consensus was also at 0.1%, June reading was at 0.2%. Chart 1. U.S. Consumer Price Index
U.S. Retail Sales Rose 0.4% In July
Retail sales rose 0.4% in July . The consensus was at 0.5%, June reading was a decrease of 0.5%. Autos taken out, the figure was an increase of 0.2% right at the consensus. Prior reading at -0.1%. Gains came mostly from a 2.3% increase in gasoline station sales and 1.6 % rise in motor vehicle sales. Also […]
Who Was That Tough-Talking Economist?
To continue with fun things this morning… Paul Krugman’s New York Times op-ed column: Paralysis at the Fed. Ten years ago, one of America’s leading economists delivered a stinging critique of the Bank of Japan, Japan’s equivalent of the Federal Reserve, titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?” With only a few changes in […]
The Hindenburg Omen?
This is at least fun to read…and the name is great. The Hindenburg Omen (Wikipedia definition) is a technical analysis pattern that is said to portend a stock market crash. Zero Hedge post: The Hindenburg Omen Has Arrived. Granted, the Hindenburg Omen is not a guarantee of a crash, and the five criteria that must be […]
U.S. Natural Gas Weekly – August 12, 2010
Working gas in storage rose 37 Bcf from previous week. Consensus was at 36 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Initial Jobless Claims At 484.000; Up 2.000
Initial jobless claims were reported at 484.000. The consensus was at 465.000, last week revised reading was at 482.000. Chart 1. U.S. Initial Jobless Claims
Ceridian-UCLA Pulse of Commerce Index
Ceridian-UCLA Pulse of Commerce Index climbed 1.7% in July following a 1.9% drop in June. Press release. The index is designed to track diesel fuel consumption in real-time to serve as an industrial production proxy. I’ll monitor to see if it’s useful. Chat 1. Ceridian-UCLA Pulse of Commerce Index
U.S. Petroleum Weekly – August 12, 2010
Crude oil stocks fell 3.0 million barrels for week ending August 6; Gasoline stocks rose 0.4 million barrels; Distillate stocks increased 3.5 million barrels; Propane/propylene stocks rose 2.3 million barrels; Other oils stocks fell 2.4 million barrels; Total crude oil and petroleum stocks were 0.1 million barrels higher than the week before. Refinery utilization fell […]
U.S. Trade Deficit Widens To $-49.9 Billion In June
U.S. trade balance for June was reported at $-49.9 billion vs. consensus of $-42.5 billion and May reading of $-42.3 billion. Q2 GDP growth will be revised sharply downwards. Chart 1. U.S. Trade Balance
MBA Mortgage Applications Up 0.3%
MBA mortgage applications rose 0.3% for week ending August 6, prior reading was an increase of 1.5.%. Both refinance index and purchase index rose 0.6%. Chart 1. MBA Mortgage Applications
China Retail Sales Up 17.9% In July
China retail sales rose 17.9% in July vs. 18.5% consensus and 18.3% growth in June. Everything slowing down… Chart 1. China Retail Sales Growth
China Industrial Production Rose 13.4% In July
Industrial production growth in China fell to 13.4% in July from 13.7% in June. The consensus was also at 13.4%. Slowing down… Chart 1. China Industrial Production
China Monetary Expansion And Fixed Asset Investments Slowed Down In July
The most broad measure of money supply – M2 rose 17.6% YoY in July vs. 18.5% consensus and 18.5% growth in June. Chinese government reigning in on monetary expansion. Chart 1. China Monetary Aggregates China new loans rose CNY 632.8 billion vs. CNY 603.4 billion in June and CNY 603.4 billion Chart 2. China New Loans China fixed asset investments […]
China CPI Inflation In July At 3.3%; China PPI Inflation In July At 4.8%
China Consumer Price Index was up 3.3% in July, right at the consensus. June reading was at 2.9%. China Producer Price Index was up 4.8% in July vs. 6.0% consensus and 6.4% June reading. All of the consumer price increase came from food. PPI eased a bit on weaker dollar and lower commodity prices. Consumer inflation […]