Succinct Summations week ending February 6th
1. January Nonfarm Payrolls came in at 257k vs 228k expected.
2. Eurozone retail sales were up 2.8% in December, the strongest in almost 8 years.
3. Average hourly earnings grew at 2.2% vs 1.9% expected.
4. Eurozone growth came in at 52.6, a six-month high.
5. Big revisions to the previous six months added another 102k jobs.
6. Oil stopped crashing, it finished the week up 8.5%.
7. Stocks had a strong week, mid-caps hit new all-time highs.
1. January unemployment ticked up a bit to 5.7% from 5.6%.
2. Interest rate sensitive Utilities got roughed up on Friday, having their worst day since August 2011.
3. ISM came in at 53.5, down from 55.1 and below the 54.5 expected.
4. The PMI services index fell in China, Japan and Hong Kong.
5. Purchase applications fell for the third straight week.
6. Nonfarm productivity declined 1.8% on an SAAR versus a 0.2% expected rise.