U.S. Housing Starts Up 15.0% In September
U.S. housing starts in September rose 15.0% to 658.000 vs. revised (1.000 higher) 572.000 August reading. Consensus was at 590.000. On year level U.S. housing starts are up 10.2%.
Daily Reading – Wednesday, October 19, 2011
*** FT BeyondBRICs: China: the case of the missing inflation ***
*** FT Alphaville: Are ETFs responsible for short-covering rallies? ***
*** Deal Journal: Goldman Sachs Hedges Its Way to Less Volatile Earnings ***
*** Wall Street Journal: Apple Loses Some of Its Shine ***
U.S. Consumer Price Index Rose 0.3% In September
U.S. consumer price index rose 0.3% in September vs. 0.3% consensus and August reading of 0.4%. On year level CPI inflation is running at 3.9%.
China Retail Sales Up 17.7% In September
China retail sales rose 17.7% y-o-y in August vs. 17.o% August reading. Consensus was also at 17.0%.
China Fixed Asset Investments Rose 24.9% In September
China fixed asset investments were up 24.9% y-o-y in September; August reading was at 25.0%. Consensus was at 24.8%.
Industrial Production In China Rose 13.8% In September
Industrial production in China rose 13.8% y-o-y in September; August reading was at 13.5%. Consensus was at 13.4%.
Daily Reading – Tuesday, October 18, 2011
*** FT BeyondBRICs: China: slowing, but slowly ***
*** FT Alphaville: Goldmaarghn ***
*** FT Alphaville: Bank of America results: DOA or DVA? ***
*** FT Alphaville: European bank compensation, comparing apples to oranges ***
*** FT Alphaville: UK banks and recession ***
*** Infectious Greed: Tracking the Great Canadian Real Estate Bubble ***
*** China Digital Times: China’s New Unofficial Currency: Panbi（潘币 ***
U.S. Producer Price Index Rose 0.8% In September
U.S. producer price index rose 0.8% in September vs. 0.2% consensus. August reading was at 0.0%. On year level PPI is up 7.0%.
Chinese GDP Rose 9.1% In Third Quarter
China third quarter GDP rose 9.1%, vs. second quarter 2011 growth rate of 9.5%. Consensus was at 9.3%.
October Empire State Manufacturing At -8.5; U.S. Industrial Production Rose 0.2% In September
Empire State Manufacturing General Business Conditions Index for June came out at -8.5 vs. -4.0 consensus and prior reading of 8.8.
U.S. industrial production rose 0.1% in May. Consensus was at 0.2%, April reading was at 0.0%.
Dry Bulk Weekly – October 17, 2011
Baltic dry index rose 7.1% last week; Capesize Index was up 11.5%; Panamax Index rose 8.9%; Supramax Index was up 4.0%; Handysize Index rose 6.2%.
Tanker Weekly – October 17, 2011
Baltic Dirty Tanker Index rose 6.3%; Baltic Clean Tanker Index fell -0.4%.
October University of Michigan Consumer Sentiment Preliminary Reading At 57.5
September University of Michigan Consumer Sentiment preliminary reading was reported at 57.5 vs. 60.2 consensus and 59.4 September reading.
U.S. Retail Sales Rose 1.1% In September
U.S. retail sales were rose 1.1% in September vs. 0.7% consensus. August reading was at 0.3% (revised from 0.0%). On year level retail sales are up 7.9%.
China New Loan Issuance Slows Down In September; Rate Of Money Supply Growth Eases Further
The most broad measure of money supply – M2 rose 13.0% y-o-y in September vs. 14.0% consensus and 13.5% rise in August.