1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Seasonal and holiday distortions are likely to limit the impact of jobless claims, turning the focus on manufacturing. Downturns in the industrial production or Philadelphia Fed reports could raise questions over the economy's strongest sector." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from previous session (14.07.2010)
"Forget about earnings. Wednesday was not a good day for economic data. Retail sales fell for a second straight month, making April's strength a distant memory. Business inventories rose but not business sales which, together with the retail sales data, point to a quick end to what little inventory building there's been. The FOMC is the third point in Wednesday's triangle, downgrading their economic forecasts to show slowing growth. The news hit one by one and finally eroded optimism from this week's strong reports by Alcoa and Intel. The Dow ended little changed at 10,366 while the dollar index fell 0.4 percent to 83.72. Demand for the safety of Treasuries once again turned higher with the 30-year yield down 8 basis points to 4.03 percent. Commodities were little changed as were currencies." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Please note the following 'Economic news' which is due out in the US this evening:-
Producer Price Index [Market moving indicator] [The Producer Price Index (PPI) is a measure of the average price level for a fixed basket of capital and consumer goods received by producers.]
Industrial Production [ Market moving indicator] [The index of industrial production is available nationally by market and industry groupings. The major groupings are comprised of final products (such as consumer goods, business equipment and construction supplies), intermediate products and materials. The industry groupings are manufacturing (further subdivided into durable and nondurable goods), mining and utilities. The capacity utilization rate -- reflecting the resource utilization of the nation's output facilities -- is available for the same market and industry groupings.]
Jobless Claims [ Merits extra attention] [New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.]
EIA Natural Gas Report [ Merits extra attention] [The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.]
Speech [Senate Banking Committee holds confirmation hearings for Federal Reserve Board nominees, including Janet Yellen for vice chair, and Peter Diamond and Sarah Bloom Raskin to be governors.]
Jeffrey Lacker speaks [Richmond Federal Reserve Bank President - Speech to Hampton Roads business leaders in Norfolk, Virginia. Media Q&A to follow.]
Elizabeth Duke speaks [Federal Reserve Gov. - Opening remarks at Atlanta Fed hearing on Home Mortgage Disclosure Act in Atlanta.]
Gary Gensler speaks [CFTC Chair - Speech on regulatory reform to the Securities Industry and Financial Markets Association's Regulatory Reform Summit in New York.]
Empire State Mfg Survey [The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 175 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an assortment of indicators from the previous month. Respondents also give their views about the likely direction of these same indicators six months ahead.]
Philadelphia Fed Survey [The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.]
Capacity Utilization (Jun) [The Capacity Utilization released by the Federal Reserve Board is the percentage of the US production capacity which is actually used over the short-time period. It is indicative of overall growth and demand in the U.S. economy. A high capacity utilization stimulates inflationary pressures. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).]
Money Supply [The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures.]
3-Month Bill Announcement; and 6-Month Bill Announcement [Weekly Bill Settlement] [Treasury bills are sold at public auctions every week.]
1pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Merits extra attention]
