Evening Reading – December 3, 2010
FED bailouts, Chinese interest and exchange rate(s), Global interest rate, Corruption in Kazakhstan and last remaining bears.
Archive for December 3rd, 2010
November ISM Non-Manufacturing Index At 55.0
ISM Non- Manufacturing Index was reported at 55.0, right at the consensus; October reading was at 54.3.
U.S. Factory Orders Fell 0.9% In October
U.S. factory orders fell 0.9% in October. The consensus was at -0.8%, prior reading was at 2.1%.
Factory shipments rose 0.3%, September reading was at 0.3%.
November Nonfarm Payrolls Rose 39.000; Unemployment Rate At 9.8%
Nonfarm payrolls rose 39.000 in November. The consensus was at 150.000, October reading was an increase of 172.000 (revised +21.000). The unemployment was reported at 9.8% vs. prior reading of 9.6% and consensus of 9.6%.
Private payrolls were up 50.000 vs. 160.000 consensus and 160.000 reading in October (revised +1.000).
Average weekly hours worked for private employees stayed unchanged at 34.3.
Huge NEGATIVE surprise.
Morning Reading – December 3, 2010
Euro, Spain, Greece, Peripheral Europe Spreads, End of Rally, Morgan Stanley bailout and 19th century exams…
U.S. Natural Gas Weekly – December 3, 2010
Working gas in storage fell 23 Bcf from previous week. Consensus was at -29 Bcf.
To repeat: I expect large draws in following weeks.