ISM Non-Manufacturing Index For August At 51.5
(For August 2010) ISM Non- Manufacturing Index was reported at 51.5 vs. 53.0 consensus and 54.3 reading in July. Chart 1. ISM Non- Manufacturing Index
Archive for September 3rd, 2010
ECRI Weekly Leading Index Down 10.1%
(For The Week Ending August 27, 2010) ECRI Weekly Leading Index for week ending August 27 was reported down 10.1%. Prior reading was at -9.9%. Again in the recession territory. Chart 1. ECRI Weekly Leading Index
August Nonfarm Payrolls Reported At -54.000; Unemployment Rate At 9.6%
Nonfarm payrolls fell 54.000 in August. The consensus was at -105.000, revised reading for June was a decrease of 54.000. The unemployment was reported at 9.6% vs prior reading of 9.5% and consensus of 9.6%. Average weekly hours worked for private employees rose 0.3% to 34.2. Positive surprise. Chart 1. Nonfarm Payrolls & Unemployment Rate […]
Monthly Strategy – September 2010
Equities Economic data released in recent month or so is on a absolute and relative basis weak. The difference from July is that the consensus has moved downwards, so the markets focuses on comparing actual data with consensus and disregarding absolute levels. But we are here to earn some money, not waste our time on […]
U.S. Natural Gas Weekly – September 3, 2010
(For The Week Ending August 27, 2010) Working gas in storage rose 54 Bcf from previous week. Consensus was at 55 Bcf. Stockpiling will be higher in the following weeks (mild temperatures) so the supply/demand balance will be better then last year, but altogether bad. This points that we have only technical factors on our side, […]