Market News

[weatherweenie]

Existing home sales hit 5.15 million in July, vs. expectations of 5.02 million units

 

[weatherweenie]

US durable goods orders rose 22.6% in July vs. 7.5% estimate

 

[Frixxxx]

US durable goods orders rose 22.6% in July vs. 7.5% estimate

Take out aircraft and it actually fell 0.8%.

Not good my friends. Not good.:notrust:

 

[weatherweenie]

Take out aircraft and it actually fell 0.8%.

Not good my friends. Not good.:notrust:

I thought that number seemed off. The devil is in the details.

 

[weatherweenie]

S&P/Case-Shiller US metro home prices up 1.0% in June, as expected

 

[InsaneZane1]

That just gives us more reason to "climb the wall of worry" then, since it could factor into the Fed deciding to keep interest rates down a bit longer.

 

[weatherweenie]

US 2Q GDP at 4.2% vs. 4.0% est; weekly jobless claims at 298K vs 300K est

 

[Dutchy]

weatherweenie......US 2Q GDP at 4.2% vs. 4.0% est; weekly jobless claims at 298K vs 300K est

Thanks for posting W.W.,,,
But who are they kidding ?? 4.2 % GDP ?? C'mon, talk about a manufactured number.
CBO, I believe, just came out with 1.5 % annual GDP estimate, now THAT looks like a realistic number..

 

[weatherweenie]

The National Association of Realtors' monthly "pending home sales" index rose 3.3 percent in July over June but is still 2.1 percent below its level in July 2013.

 

[weatherweenie]

The pan-European Euro Stoxx 600 index surged higher on the news with the central bank also cutting its refinancing rate, its marginal lending rate and its main deposit rate

 

[weatherweenie]

ADP says private jobs up 204,000 in August vs. estimate of 220,000

 

[Frixxxx]

LINK
European Central Bank Cuts Rate Further, Paving Way for More Drastic Measures

Uh oh......we might not be out of this global recession yet!

 

[nasa1974]

LINK
European Central Bank Cuts Rate Further, Paving Way for More Drastic Measures

Uh oh......we might not be out of this global recession yet!

Blame it on the Ukraine crisis. Looking for a way to get money to keep the country from going bankrupt.

 

[Dutchy]

ADP payrolls miss... only 204K, lowest since March.. Not good for Gov't jobs number tomorrow...


ADP Private Payrolls Miss, Add Only 204K Private Jobs, Lowest Since March | Zero Hedge

 

[weatherweenie]

The Institute for Supply Management said its services index rose to 59.6 last month from 58.7 in July. The August reading was the highest since March 2005 and topped economists' forecasts for 57.5, according to a Reuters survey. A reading above 50 indicates expansion in the sector.

 

[weatherweenie]

Ouch

US created 142,000 jobs in August vs 225,000 est; jobless rate at 6.1% vs 6.1% est

 

[weatherweenie]

"I don't believe it."
"This is anomalous."

"There's going to be an upward revision."

That's how three top economists reacted on CNBC to the much-lower-than-expected August jobs report, shortly after it was released Friday.

 

[weatherweenie]

Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.

 

[weatherweenie]

The Commerce Department said on Friday retail sales increased 0.6 percent last month after an upwardly revised 0.3 percent gain in July. The increase in retail sales, which account for a third of consumer spending, was in line with economists' expectations. July's retail sales were previously reported to have been flat.
So-called core sales, which strip out automobiles, gasoline, building materials and food services, and correspond most closely with the consumer spending component of gross domestic product, increased 0.4 percent in August.

 

[weatherweenie]

Huh?

Fed will end QE next month, 'considerable time' remains