Initial Jobless Claims Rose 18.000
Initial jobless claims came out at 460.000. The consensus was at 435.000. The week before figure was revised higher to 442.000. Chart 1. U.S. Initial Jobless Claims
Posts Tagged ‘Initial Jobless Claims’
Initial Jobless Claims Down 6.000
Initial jobless claims came out at 439.000. The consensus was at 440.000. The week before figure was revised higher to 445.000. Chart 1. U.S. Initial Jobless Claims
Initial Jobless Claims Fell 15.000
Initial jobless claims came out at 442.000. The consensus was at 450.000. Chart 1. U.S. Initial Jobless Claims
Initial Jobless Claims At 457.000
Initial jobless claims came out at 457.000. The consensus was at 460.000. Chart 1. U.S. Initial Jobless Claims
Initial Jobless Claims Fall 7.000
Initial jobless claims fell 7.000 to 462.000. The consensus was at 460.000. Chart 1. Initial Jobless Claims
Initial Jobless Claims Down 27.000
Initial jobless claims fell 27.000 to 469.000. The consensus was at 475.000. Chart 1. Initial Jobless Claims
It’s All About The Free Money (In the Markets)
We have clear roll over of leading indicators in recent weeks and a deterioration in housing, jobless claims, durable goods orders today and bad consumer confidence reading. Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar strength and Greece debt problems. China credit […]
Initial Jobless Claims Up 23.000
Initial jobless claims rose 23.000 to 496.000- The consensus was at 460.000. It’s not a “V” shaped recovery at all. Chart 1. Initial Jobless Claims
No Growth In Europe
The initial jobless claims positively surprised declining 40.000 from the prior week and reaching 440.000. The consensus was at 467.000. It looks that combined with census hiring the positive cold continue. The markets yesterday closed positively yesterday on news that E.U. will back up Greece. The statement was obviously a product of lack of consensus. […]
Can’t See The Forest For The Trees
The market looks like today is just an intro. The 1.085 level broken, and technicians say the next target is 1.035 (I don’t believe in that, but since a lot of investors looks at that…). Beside bad initial jobless claims (480.000 vs. 455.000 consensus and 470.000 consensus) the main theme is PIIGS (Portugal, Italy, Ireland, […]
Everybody’s Watching Greece
Record Bund/Greek government bond spread is crucial market moving factor today. A lot of rumors on the issue. Bloomberg story: Papandreou Says Rumors Hurt Greece, Not Seeking Aid. As I wrote before I expected a meltdown before this weeks bond issue, but apparently they manged to sell the bonds, but the pain continues… Durable orders […]
When I Was Away
I was away from the computer and away from the markets, so let me recap most important developments. MBA purchase applications were up 0.8% vs. 3.6% the week before. Retail sales in December disappointed coming out at -0.3% vs. 0.4% consensus and 1.3% in November. Initial jobless claims edged up reaching 444.000 vs. 437.000 consensus […]
Abu Dhabi Rushes To The Rescue
Looks like Nakheel PJSC bonds will be paid off in full. Bloomberg link: Abu Dhabi Bails Out Dubai World With $10 Billion.The move has prevented Asian stock exchanges from going into negative territory; Europe is trading up around 1% in average. Short follow up on last weeks U.S. economic data: Jobless claims ticked up reaching […]
Bank of America Repaying TARP
Bank of America announced that it will repay all bail out funds. Bloomberg link: Bank of America to Repay Bailout, Easing CEO Search. The stock is trading up 4% despite massive dilution. No comment. Initial jobless claims were reported at 457.000 vs. 466.000 and 485.000 consensus. Again falling steady. Bloomberg story: U.S. Jobless Claims Unexpectedly […]
Mixed Data
The day was filled with economic data . No clear conviction from the markets. Let’s start. Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September. Personal income and outlays data, on the other […]