Archive for April, 2016
Saturday, April 30th, 2016
Via WSJ:
By
Eric Morath
Updated April 29, 2016 5:04 p.m. ET
Years of solid job gains are failing to produce a breakout in wages, suppressing the spark needed for a sustained pickup in economic growth.
U.S. employers for the past four years created more than 200,000 jobs a month on average. That ...
Posted in Uncategorized | 2 Comments »
Friday, April 29th, 2016
Via Robert Sinche at Amherst Pierpont Securities:
CHINA: The Bberg consensus expects the official Manufacturing PMI will have inched up to 50.3 in April from 50.2 in March, a modest sign that growth is stabilizing, while there is no consensus estimate for the Non-Manufacturing PMI, which rebounded to 53.8 in March.
AUSTRALIA: ...
Posted in Uncategorized | Comments Off on Weekend Data Preview
Friday, April 29th, 2016
Via the Atlanta Fed:
Latest forecast: 1.8 percent — April 29, 2016
The first GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 1.8 percent on April 29. The final model nowcast for first-quarter real GDP growth was 0.6 percent, 0.1 percentage points ...
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Friday, April 29th, 2016
Via Millan Mulraine at TFDecurities:
TD SECURITIES DATAFLASH
US: Chicago PMI and Michigan Confidence Disappoint
· The Chicago PMI fell well short of expectations, with the headline index falling to 50.4 from 53.6. This was a far weaker than expected performance, and the drop in the key forward-looking indicators suggests further downside ahead.
· ...
Posted in Uncategorized | Comments Off on More Weak Data
Friday, April 29th, 2016
Via Millan Mulraine at TDSecurities:
US: Inflation Momentum Weakening, Consumption Stalls
· The ECI rose at an on-consensus 0.6% q/q rate, with the annual pace of employment cost inflation decelerating to 1.9% y/y from 2.0% y/y..
· The core PCE inflation rate was also on the weak side, rising at a meager 0.1% m/m ...
Posted in Uncategorized | Comments Off on Weak Data
Friday, April 29th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Dollar Losses Extended Ahead of the Weekend
Two main drivers, weak US dollar and strong yen, rippling through the capital markets
Market is not convinced that the Fed will hike this year
Japanese markets are closed, but the dollar was sold (briefly) through JPY107
...
Posted in Uncategorized | Comments Off on More FX
Friday, April 29th, 2016
Via Reuters:
The euro zone economy accelerated more than expected in the first quarter, preliminary data showed on Friday, but consumer prices also dropped by more than forecast in April because of a steep fall in energy costs.
The European Union's statistics office Eurostat said gross domestic product in the 19 countries ...
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Friday, April 29th, 2016
Via the FT:
an hour ago
by: Mehreen Khan
The eurozone has exceeded economists’ expectations, growing 0.6 per cent at the start of the year – its fastest quarterly pace since the same quarter in 2015.
The figures beat forecasts of 0.4 per cent and means the 19-country bloc has doubled its growth rate ...
Posted in Uncategorized | Comments Off on Eurozone GDP Chugs Along
Friday, April 29th, 2016
Via Bloomberg:
28, 2016 — 9:33 PM EDT
Updated on April 29, 2016 — 5:44 AM EDT
Goldman Sachs Group Inc. called Treasuries overpriced and said the Federal Reserve is poised to raise interest rates, clashing with Morgan Stanley’s forecast for a rally.
Ten-year Treasuries “look expensive,” based on Goldman’s assessment of a fair ...
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Friday, April 29th, 2016
Via the FT:
“Helicopter” is a word that dare not speak its name in the corridors of the European Central Bank.
Peter Praet, the ECB’s chief economist, is the latest senior figure to douse talk of central bank helicopter drops, claiming the notion is not even discussed “informally” by policymakers.
In an interview ...
Posted in Uncategorized | Comments Off on Helicopter Remains on Tarmac