Succinct Summations (for the light) week ending April 10th:
Positives:
1. The Nikkei Index broke 20,000 for the first time in 15 years
2. Initial jobless claims 4-week moving average is at the lowest levels since 2000.
3. Markit service PMI rose to 59.2, versus the 58.6 expected.
4. U.S. equities had a nice week despite fears after last Friday’s lousy job report
5. Mortgage applications to buy rose 6.8%, the highest levels since July 2013
6. Import prices fell 0.3% m/o/m and 10.5% y/o/y.
7. Job openings rose to 5.13M, the highest since 2001.
Negatives:
1. ISM nonmanufacturing index fell to 56.5 from 56.9, still a solid number.
2. Revolving credit outstanding fell for the second straight month.
3. Germany factory orders fell 0.9% m/o/m.
