May 29th, 2009 13:06:37 GMT

NY NAPM to the moon

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Happy days are here again in the Big Apple. NYC business conditions rose to 61.3 from 28.3. That is the biggest rise since Feb 2002, in the wake of the 9/11 attacks. EUR/USD is firmer, at 1.4120 as risk assumption … Continue reading

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May 28th, 2009 22:07:11 GMT

Roubini still pessimistic, but less so

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He has his detractors but Nouriel Roubini is still on the high ground after predicting much of the trouble which the financial market finds itself in. He thinks the US economy may experience another dip next year but he is not siding … Continue reading

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May 28th, 2009 16:03:05 GMT

Chicago Fed index dips in April

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The struggling auto industry is no doubt a contributor to the downtick in the Chicago Fed midwest manufacturing index. It dropped to 81.0 in April from 81.8 in March.

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May 28th, 2009 14:09:29 GMT

US new home sales weaker than expected

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US April single-family home sales have come in at 352k unit rate vs 351k in March, below the median forecast of 360k. The April single home sales rate saw a +0.3% increase, compared to -3.0% in March. Meanwhile the Mortgage Bankers … Continue reading

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May 28th, 2009 12:32:07 GMT

Data: It’s all good

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Jobless claims dropped to 623k and durable goods rose 1.9%, far more than expected. A big downward revision to the previous durables number essential offsets this months rise. At the headline level though, it’s all good.

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May 28th, 2009 11:53:51 GMT

Busy data morning ahead

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Jobless claims are seen steady at 630k at 12:30 GMT Durable goods orders are expected to rise 0.4% at 12:30 GMT New Home sales are expected to rise 1.1% at 14:00 GMT KC Fed survey at 15:00 GMT Chicago Fed … Continue reading

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