Greece Issued EUR 1.17 Billion Of Six Month Bills
Yield was at 4.82 vs. 4.65 on July 13. Mighty high as Greece supposedly received 2-year fully funded bailout package. German 6-month rate is at 0.43%.
Archive for September, 2010
U.S. Retail Sales Rose 0.4% In August
(For August 2010) U.S. retail sales rose 0.4% in August . The consensus was at 0.3%, June reading was revised down to 0.3%. Autos taken out, the figure was an increase of 0.6% right vs. consensus 0.3% growth. Prior reading was revised to 0.1%. On year level retail sales are up 3.6%. Gains, again, came mostly […]
ZEW Germany Expectation of Economic Growth Goes Vertical (Second Edition)
(For September 2010) ZEW Germany expectation of economic growth for September came out at -4.3 vs. 10 consensus and 14.0 reading for July. Further indication of slowdown in German economy. Chart 1. ZEW Germany Expectation of Economic Growth vs. Assessment Current Situation 6-Month Lag
China Industrial Production Rose 13.9% In August
(For August 2010) Industrial production in China rose 13.9% y-o-y in August from 13.4% in July. The consensus was at 13.0%. Chart 1. China Industrial Production
China Retail Sales Up 18.4% In August
(For August 2010) China retail sales rose 18.4% in August vs. 18.0% consensus and 18.2% growth in July. Chart 1. China Retail Sales Growth
China CPI Inflation In August At 3.5%; China PPI Inflation In August At 4.3%
(For August 2010) China Consumer Price Index was up 3.5% in August, right at the consensus. June reading was also at 3.5%. China Producer Price Index was up 4.3% in August vs. 4.5% consensus and 4.8% July reading. Again, most of the consumer price increase came from food. PPI eased again on a year level, but […]
China Speeds Up The Rate of Monetary Expansion In August
(For August 2010) My impression from the August China macroeconomic data is that the Chinese government has speed up monetary expansion while keeping tight grip on real-estate and equity markets. The August speed up means that either the rate of expansion will slow down in the last quarter of 2010 or Chinese targets for this year will […]
U.S. Freight Carloads Weekly – September 13, 2010
(For The Week Ending September 3, 2010) U.S. railroads originated 305,000 carloads, up 6.8% compared with the same week in 2009, but down 0.8% compared with 5-year average. Week over week change was +0.9%. Chart 1. Association of American Railroads U.S. Freight Carloads Total
Dry Bulk Weekly – September 13, 2010
Baltic dry index rose 4.1% last week; Capesize Index was up 2.1%; Panamax Index rose 8.7%; Supramax and Handysize Indexes gained 2.7% and 1.1% respectively. Iron ore stockpiles moved sharply lower, suggesting demand will be solid in near-term. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components Chart 4. […]
Tanker Weekly – September 13, 2010
Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index fell 2.7%. Too few cargoes and too many ships. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
New Week Intro September 13, 2010
Important U.S. earnings this week: Monday: Discover Financial Services (DFS), Matrix Service (MTRX), HB Fuller (FUL), Volt Information Sciences (VOL) Tuesday: Pall (PLL), Cracker Barrel Old Country Store (CBRL), Best Buy (BBY), Kroger (KR) Wednesday: AAR (AIR), CLARCOR (CLC), Apogee Enterprises (APOG) Thursday: FedEx (FDX), Marcus (MCS), Herman Miller (MLHR), Oracle (ORCL) Friday: – Important […]
ECRI Weekly Leading Index Down 10.1%
(For The Week Ending September 3, 2010) ECRI Weekly Leading Index for week ending September 3, 2010 was reported down 10.1%. Prior (revised down -0.1) reading was at -10.2%. Still in the recession territory. Chart 1. ECRI Weekly Leading Index
U.S. Petroleum Weekly – September 10, 2010
(For The Week Ending September 3, 2010) Crude oil stocks fell 1.9 million barrels for the week ending September 3, 2010; Gasoline stocks decreased 0.2 million barrels; Distillate stocks fell 0.4 million barrels; Propane/propylene stocks rose 1.6 million barrels; Other oils stocks were up 1.5 million barrels; Total crude oil and petroleum stocks were 0.2 […]
Chinese Trade Balance Smaller Than Expected In August
(For August 2010) China trade balance was reported at USD 20.0 billion vs. USD 28.7 billion in July. Export and import growth were running at 34.4 and 35.2 percent. The accumulated surplus is now at USD 104.5 billion vs. USD 123.7 billion for the same last year and full year 2009 USD 196 billion. Numbers are quite disappointing, […]
China NDRC Property Index Rose 9.3% In August; China Property Price Growth Rate Eased Further
(For August 2010) Housing and commercial real-estate prices in China rose 9.3% in August compared with 10.3% reading in July and 10.0% consensus. Chart 1. China NDRC Property Price Index – House Price YoY