1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Strength in retail sales would further ease double-dip risk. Surprise weakness, of course, would raise new concern." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from the last trading session (10.09.2010)
"A run of strong Chinese data eased risk of a double dip in the U.S. sending the Dow nearly one percent higher to 10,544. Oil also rose nearly one percent to $78 on both the rise in the stock market and on uncertainty over a Midwest pipeline break. Demand for the safety of the dollar and Treasuries eased. The dollar index fell nearly one percent to 81.89 while the 30-year yield fell two basis points to 3.85 percent." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
Retail Sales [ Market moving indicator] [Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth.]
Business Inventories (Jul) [ Merits extra attention] [The business inventories released by the US Census Bureau measures the monthly percentage changes in inventories from manufacturers, retailers, and wholesalers. The sales figures do not move the markets as they do not reflect personal consumption.]
ICSC-Goldman Store Sales [This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]
IBD/TIPP Economic Optimism (Sep) [The Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), measures the sentiment of consumers related to economic conditions. The report is based on a monthly survey where near to 1000 nationwide adults evaluate their economic outlook for the next six months, personal financial perspectives and their confidence in federal economics policies. If consumers are optimistic they will purchase more goods and services which will involve growth in domestic demand and stimulation to the economy. A reading above 50 indicates optimism, below 50 is pessimism.]
ABC/Washington Post Consumer Confidence (Sep 12) [The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]
Redbook [A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators.]
4-Week Bill Auction [Treasury bills are sold at public auctions every week.] ______________________________________________________
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Of note in Australia tomorrow:-
Westpac Consumer Confidence (Sep) [ Moderate volatility expected] [The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]
1pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Merits extra attention]
