Tag Archives: USA
Morning Report
Asian markets are mostly lower following weak manufacturing data from China. The flash reading of HSBC China manufacturing PMI unexpectedly dropped to 49.6 in January versus consensus of 50.4.
U.S. Treasury Secretary: Move Soon to Raise the Nation’s Debt Ceiling
Treasury Secretary Jack Lew called on Congress Thursday to move soon to raise the nation’s debt ceiling to ward off any risk of a U.S. default, saying the crunch will come by the end of next month.
Morning Report
The markets are rather quiet in consolidative mode ahead of the weekend. DOW’s rebound lost momentum well ahead of the 16588.25 historical high and closed down -64.93 pts at 16417.01.
US Economic Update – January 2014
Recent partial indicators of economic activity for the United States have generally been positive with solid, if not strong, readings for total consumption, business investment, and exports.
US: inflation in line with expectations
US December CPI prints were in line with expectations. We still expect inflation to start moving higher in 2014.
US and European Post Recession Recovery Comparison
If we compare the economic recovery of the United States since the Great Recession with that of Europe – or more specifically the eurozone countries – the differences are striking, and instructive.
Beige Book: Not so beige after all
General economic activity was upgraded again since nine Districts reported moderate growth in the current edition compared to seven Districts in the December edition of the Beige Book.
US November Retail Sales Show Solid Gain
Retail sales in November 2013 rose 0.7%, and that was up from both a 0.6% gain in October and market expectations of a 0.6% increase.
Strong NFP – tapering in December now the baseline
Ahead of the report today, the 3-month average employment gain was 202k so against that metric the employment gain in November was bang on its recent trend.
ISM Non-Manufacturing Moderates in November
The ISM non-manufacturing index moderated to 53.9 in November, but continues to point to a modest pace of growth. Firms continued to hire, but at a slower clip than in October.
New Home Sales Beat Expectations in October
New home sales rose a solid 25.4 percent in October, but fell 6.6 percent in September. On a regional basis, gains were broad-based.
U.S. Trade Deficit Narrowed in October
Exports rose more than imports in October, which suggests that real net exports may make another modest contribution to overall U.S. GDP growth in the current quarter.