tank time...

3RD quaRter earnings report will start hiting the streets soon...hope they had time to digest thE following

Data released in the U.S. last week saw the Chicago Fed’s August manufacturing index fall 2.6% m/m; August consumer spending was unchanged with personal income up 0.5%; core PCE was up +0.2% m/m and +2.6% y/y; the July Case-Shiller home price index was off a record 16.3% y/y; September consumer confidence improved to 59.8; September ADP private-sector jobs fell 8,000; September construction spending slowed; September ISM manufacturing fell to 43.5; August factory orders fell 4.0% m/m with ex-transportation off 3.3%; weekly initial jobless claims rose 1,000 to 497,000 with continuing jobless claims up 48,000 to 3.591 million; and September non-farm payrolls were off 159,000 with the unemployment rate at 6.1% and average hourly earnings were up 0.2%.



Data released in the eurozone last week saw EMU-15 September economic sentiment fall sharply; EMU-15 September flash consumer price inflation fell to 3.6% from 3.8% in August; August French producer prices fell; Germany’s jobless tally fell 29,000; German August real wholesale sales were up 0.5% m/m; EMU-15 unemployment printed at 7.5%; German retail sales climbed 4.6% m/m; EMU-15 manufacturing fell to 45.0 in September; EMU-15 retail sales were up 0.3% m/m in August; and EMU-15 September PMI services were near a five-year low.


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