Succinct Summation of Week’s Events 4.15.16

April 15, 2016 4:30pm by

Succinct Summations for the week ending April 15th 2016

Positives:

  1. Initial jobless claims came in at 253k, down from 267k previously.
  2. S. and global stocks finished the week higher.
  3. CPI rose 0.1% m/o/m and 0.9% y/o/y. Core inflation rose 0.1% m/o/m.
  4. Bloomberg consumer comfort index came in at 43.6, better than the 42.6 expected.
  5. Mortgage application composite index rose 10% w/o/w. Purchase applications rose 24% y/o/y.

Negatives:

  1. Retail sales fell 0.3%, below the 0.1% expected gain.
  2. Industrial production fell 0.6% m/o/m, manufacturing fell 0.3%.
  3. Auto sales fell 2.1%, the biggest fall since February 2015.
  4. Small business optimism fell to 92.6, down from 92.9 previously and below the 93.6 expected.
  5. Import prices ex-energy fell 0.2% m/o/m.
  6. Consumer sentiment fell to 89.7, down from 91 previously.
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