Global Macro Perspectives
$600 million over 8 months. More than consensus, but less what was expected before WSJ story. The pace of asset buying on lower bound of expectations. FED Press Release. Slow recovery confirmed. Core inflation measures moved lower. Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in […]
(For September 2010) U.S. factory orders rose 2.1% in September. The consensus was at 1.8%, prior reading was at 0.0% (revised from -0.5%). Factory shipments rose 0.4%, August reading was at -0.2%. Chart 1. U.S. Manufacturers New Orders & Shipments
(For October 2010) ISM Non- Manufacturing Index was reported at 54.3 vs. 53.5 consensus and 53.2 reading in September. Chart 1. ISM Non- Manufacturing Index
(For October 2010) ADP Employment rose 43,000 in October vs. revised (up 37,000) loss of 2,000 in September. Consensus was at +20,000. Nonfarm payrolls on Friday (rule of thumb) could be close to the consensus of 60.000. Chart 1. ADP Employment
(For The Week Ending October 29, 2010) MBA mortgage applications fell 5.0%; Prior reading was an increase of 3.2.%; On year level MBA Basic Index is up 29.4%. Chart 1. Mortgage Bankers Association Basic Index SA MBA Refinancing index fell 6.4%; Prior reading was an increase of 3.0.%; On year level MBA Refinancing Index is […]
(For October 2010) Challenger’s count of layoff announcements was reported at 37,986 in October vs. 37,151 in September. Chart 1. Challenger Job-Cut Report