Succinct Summations of Week’s Events 9.13.14

Succinct Summations week ending September 12th

Positives:

1. Job openings are at the highest levels since 2001.
2. Average price of gasoline fell to $3.42 on supply glut (lowest level since February)
3. Retail sales gained 0.6% m/o/m. up from a flat July (which was revised up 0.3%).
4. Consumer confidence rose to 84.6, up from 82.5 and above the 83.3 expected.
5. NFIB small business index rose to 96.1, half a point from the highest readings since ’07.
6. Chinese exports rose 9.4%, better than the 9% expected; German exports rose 4.7% in July, well above the 0.6% expected.
7. Industrial production in the Euro Zone rose 1% m/o/m after falling three of the last four months.
8. The US budget deficit shrank to $128.7B, down from $147.9B from last August.

Negatives:

1. Initial jobless claimes came in at 315k v 300k expected.
2. The S&P 500 and the Dow both finished in the red for the first time in six weeks.
3. Mortgage applications fell 2.6% w/o/w to the lowest level since February.
4. Chinese imports fell 2.4% y/o/y vs expectations of a 3% gain.
5. German imports fell 1.8% m/o/m vs expectations of a 0.2% rise.

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under