Archive for December 15th, 2011

December Empire State Manufacturing At 9.5; Philadelphia Fed General Business Conditions Index At 10.3; U.S. Industrial Production Fell 0.2% In November

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%.

Daily Reading – Thursday, December 15, 2011

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

U.S. Producer Price Index Rose 0.3% In November

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%.

U.S. Initial Jobless Claims At 366.000; Down 19.000

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.

U.S. Petroleum Weekly – December 15, 2011

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.

 

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