Succinct Summation of Week's Events 12.4.15

Succinct Summations for the week ending December 4th, 2015

Positives:

  1. Nonfarm payrolls came in at 211k, above the 190k expected; all systems are ready for liftoff.
  2. PMI manufacturing index came in at 52.8, in line with expectations.
  3. Construction spending rose 1%, above the 0.6% expected rise.
  4. Unemployment came in at 5%, in line with expectations.
  5. Factory orders rose 1.5%, up from the 1% decline previously.
  6. MBA mortgage applications purchase index rose 8% w/o/w and 30% y/o/y.
  7. ADP employment report came in at 217k vs the 183k expected.
  8. Average hourly earnings rose 0.2%, in line with expectations.
  9. Initial jobless claims came in at 269k, lowering the 4-week moving avg to 269.25k.
  10. PMI services index came in at 56.1, up from 54.8 previously.

Negatives:

  1. ISM manufacturing index falls to 48.6, the lowest reading since June 2009.
  2. Chicago PMI came in at 48.7, down from 56.2 previously and below expectations.
  3. Pending home sales grew just 0.2%, below the 1% expected increase.
  4. ISM no-manufacturing index fell to 55.9 from 59.1 and below the 58.2 expected.

 

 

 

 

 

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