December 15th, 2011 by Belisarius
Empire State Manufacturing General Business Conditions Index for December came out at 9.5 vs. 3.0 consensus and prior reading of 0.6.
Philadelphia FED General Business Conditions Index rose from 3.6 to 10.3. Consensus was at 5.0.
PMI are showing signs of recovery.
U.S. industrial production fell 0.2% in November. Consensus was at 0.1%, October reading was at 0.7%.
Read More
December 15th, 2011 by Belisarius
The Big Picture: What Changes Await Us in 2012?
The Big Picture: France losing its AAA? Market says long overdue
FT Alphaville: China’s iron ore imports mystery, solved…
FT BeyondBRICs: [video] Tensions rise over land in south China
Read More
December 15th, 2011 by Belisarius
U.S. producer price index rose 0.3% in November vs. 0.2% consensus. October reading was at -0.3%. On year level PPI is up 5.9%.
Read More
December 15th, 2011 by Belisarius
Initial jobless claims in the U.S. were reported at 366.000 vs. 390.000 consensus and last week revised (up 4.000) reading of 385.000.
Read More
December 15th, 2011 by Belisarius
The rumors are that Saudis had to unload record amounts of physical crude to the markets (from their hedges) because of lack of able counter parties to roll the positions due to shortage of credit.
Read More