Says today’s report was “Somewhat disappointing” Says full employment possible within two years Still sees significant slack in labour markets Says slack keeping inflation below target Tighter job market will draw more into the workforce Patience is needed on removing … Continue reading
The problem with big indicators like NFP is that when they trend it narrows the scope for making decent money on the event as the volatility is much lower. For an example, look at central bank announcements. Rates have been … Continue reading
Sees 3% growth pace in second half of 2014 Sees unemployment rate at 5.5% by end 2015 Says recent inflation readings are encouraging and will move to 2% target over time Expects asset purchases to end this fall Policy normalisation … Continue reading
Easy pal, we’ve only just got up here. Says respondents are voicing business optimism Seeing considerable inventory burnoff Price pressures mainly seen in food commods Employment picture somewhat mixed Majority of members expanding payrolls Some areas still trying to contain … Continue reading
Prior 58.7 Employment 57.1 vs 56.0 highest since Feb 2006 New orders 63.8 vs 64.9 New export orders 52.5 vs 53.0 prior Business index 65.0 vs 62.4 prior Prices paid 57.7 vs 60.9 prior The index is to the highest … Continue reading
Prior flash 58.5. July 60.8 Composite 59.7 vs 58.8 prior flash. July 60.6 Up on the revision, down on last month. Not one the markets pay too much attention too.
Highlights of the US July trade balance report: Prior was a deficit of $41.5B (revised to $40.8B) Good news for US GDP. Separately, the Canadian trade surplus was at $2.58B compared to $1.15B expected.
Prior 218k Small business 78k vs 84k prior Medium bus 75k vs 92k Prior Large bus 52k vs 41k prior Manufacturing 23k vs 3k prior Financial 5k vs 9k prior Construction 15k vs 12k prior A small miss on the expected number has taken some wind out of the dollar … Continue reading
Year on year job cuts were -20.7% vs +24.4% prior More woe for the tech sector this month with Cisco announcing 6k in cuts. Last month MS announced 18k Not a big indicator but we’re in jobs mode today and tomorrow. … Continue reading
Prior 1.1%. Revised to 1.5% Durable goods revisions Overall durable goods orders unch 22.6% from 2.7% in June Ex transport -0.8% vs +1.4% prior Cap goods non-def ex air -0.7% vs -0.5% prior Largest gain in orders since records began in … Continue reading