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Don’s Notebook May 9, 2018 Producer prices open three straight days of inflation data. Today’s announcement, the Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measures the average change over time in the prices received...
Payrolls rose 164,000 after an upwardly revised 135,000 advance, according to the Labor Department data announced earlier today. The jobless rate fell to 3.9 percent, the lowest since December 2000, after six months at 4.1 percent. Average hourly earnings increased...
Don’s Notebook May 3, 2018 March looks to have been a very good month for the trade balance, the month when tariffs and trade wars first hit the news. The trade deficit fell in March to $49.0 billion with the Chinese deficit, narrowing to $25.9 billion from February's...
The Institute for Supply Management (ISM report) came in lower than Street consensus at 57.3 (vs. estimates of 57.5-60.) This survey asks purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer...
Don’s Notebook April 27, 2018 Today's GDP report was keyed to consumer spending levels. A sharp rise in service spending helped keep first-quarter GDP in the respectable range, at an annualized 2.3 percent rate and 3 tenths above Street estimates. Service spending...
Don’s Notebook April 26, 2018 Durable goods were expected to post another month of strength including for capital goods, results that would confirm acceleration for the factory sector. Excluding transportation equipment, however, durable goods orders came in...
This morning’s pre-market Initial Jobless claim report was favorable, at 232,000 in the April 14 week. This is 5,000 higher than the mid-March reading which offers a sample-week to sample-week comparison for the monthly employment report. A rise in jobless claims may...
For today’s trade observers tell us to should watch for labor market stress in the JOLTS report and whether job openings continue to far outpace hirings. The preliminary reading for April of the University of Michigan Consumer sentiment index came in below the low...
Stocks were lower on the opening this morning. Observers attributed the weakness to the military situation in Syria. Gold, Treasuries and Yen rose on the news. Russia’s ruble extended its three-day slump in trading this morning as foreign investors cut their holdings...