Succinct Summation of Week’s Events (2.4.11)


1) ISM mfr’g and services indices solid
2) ABC confidence rises 3 pts and is 1 pt within the best since Sept ’08
3) German unemployment rate falls to 7.4%, the lowest since Mar ’92.
4) Canada reports blowout jobs #, 630k adjusted for US population size
5) Debt of Spain, Italy, Portugal, Greece and Ireland rallying in anticipation of expanded EFSF program
6) Avg hourly earnings rise twice expectations in Jan payroll report
7) Jan retail comps better than expected


1) Treasury yields break out across the curve, yes economy improving but inflation pressures building
2) Bernanke ignores market signals and company commentary on potential input cost pressure pass thru and he continues full speed ahead
3) China state sector mfr’g PMI falls to 5 month low
4) Indian Sensex falls to lowest since Aug due to inflation concerns (Indonesia raises rates)
5) Euro Zone CPI up 2.4%, most since Oct ’08

What's been said:

Discussions found on the web:

Posted Under