Succinct Summation of Week’s Events 1.8.16

January 8, 2016 3:30pm by

Succinct Summations for the week ending January 8th, 2016

Positives:

  1. Nonfarm payrolls came in at 292k vs the 200k expected. Last month was revised up from 211k to 252k.
  2. U.S. job openings increased by 430k to 5.8 million, above the 5.3 million expected.
  3. ADP employment came in at 257k vs the expected 190k and up from 217k previously.
  4. ISM non-manufacturing index fell from 56.2 to 55.3, still a positive reading.
  5. Initial jobless claims came in at 277k, the 4-week moving average fell to 275.75k.

Negatives:

  1. The S&P 500 fell 5% to this week, the worst start to a year ever.
  2. PMI Manufacturing came in at 51.2, down from 52.8 previously.
  3. Auto sales fell 5% to an annualized rate 0f 17.3mm.
  4. ISM Manufacturing came in at 48.2, below the 49.2 expected and down from 48.6 previously.
  5. Construction spending fell 0.4% m/o/m vs a 0.7% expected rise.
  6. Factory orders fell 0.2% in m/o/m, down from the 1.5% rise previously.
  7. MBA mortgage application index fell 27% w/o/w.
  8. PMI services index fell to 54.3, down from 56.1 previously
Print Friendly, PDF & Email

Posted Under