ISM Manufacturing Index Rolls-over
ISM Manufacturing Index came out at 56.2 vs. prior reading of 59.7 and consensus of 59.0. Another index rolling-over. Chart 1. ISM Manufacturing Index
Archive for July, 2010
Initial Jobless Claims Up 13.000
Initial jobless claims were reported at 472.000. The consensus was at 455.000, last week revised reading was at 459.000. Ugly again… Chart 1. U.S. Initial Jobless Claims
ECB’s 7-Day Liquidity Tender Erases Yesterday’s Optimism On European Banking Sector Liquidity
From yesterday’s post: The ECB biggest ever liquidity facility – EUR 442 billion one year maturity is coming due tomorrow. To reduce the strain on the banks, ECB introduced 3 month LRTO (Long-Term Refinancing Operation) which banks could use to refinance the maturing facility. The market estimate for the LTRO size was EUR 220 billion – EUR […]
U.S. Petroleum Weekly – June 17, 2010
Crude oil stocks fell 2.0 million barrels for week ending June 25; Gasoline stocks rose 0.5 million barrels; Distillate stocks increased 2.5 million barrels; Propane/propylene stocks rose 1.6 million barrels; Total crude oil and petroleum stocks were 3.6 million barrels higher than the week before. Refinery utilization fell from 89.4% to 88.4%. Implied crude oil […]
China Manufacturing PMI’s For July Turned Lower
The official China PMI fell from 53.9 to 52.1; The HSBC/Markit PMI fell from 52.7 to 50.4. From the China National Bureau of Statistics press release: Economic growth is moderating, a rebound in exports is weakening, and slower domestic demand is leading to a build-upof finished-goods inventories. Industrial production is entering a “light season” and […]