Firms responding to the October Manufacturing Business Outlook Survey indicated continued growth in the region’s manufacturing sector this month. Most broad indicators of current growth, while positive, weakened from higher readings last month. The current activity, shipments, and employment indexes…
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October 2014 Manufacturing Business Outlook Survey
The EURUSD is lower today and has been trading around the lows from 2013. Remember those lows came in at 1.2746 and 1.2757 respectively. The 50% of the move up from yesterday comes in at the 1.27526.The current price is trading around these levels. The initial claims were much better than…
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EURUSD looking for sellers near the days midpoint
Industrial production in the U.S. rose in September by the most since November 2012, driven by a surge at utilities and a rebound in manufacturing. (IPMGCHNG) The 1 percent advance in output at factories, mines and utilities exceeded the highest forecast in a Bloomberg survey and followed a 0.2 p…
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Industrial Output in U.S. Increases by Most Since November 2012
Since mid 2012, Spain had no problem raising money in markets and yields fell all along the curve. 10 year bond yields fell below US 10 year bond yields and stayed there for a long time. Spain tried to raise a maximum of 3.5 billion euros in the markets and managed to raise only 3.2 billion. In a…
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Spanish auction falls short – debt crisis comeback?
Applications (INJCJC) for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers avoided trimming staff even as global growth weakens. Jobless claims decreased by 23,000 to 264,000 in the week ended Oct. 11, the fewest since April 2000 and …
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Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low
Foreign investment in Canadian securities was $10.3 billion in August and included both debt and equity instruments. Canadian investment in foreign securities decelerated from July, with holdings largely unchanged as acquisitions of non-US foreign instruments were offset by a divestment in US…
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Canada’s international transactions in securities, August2014
Canadian manufacturing sales fell 3.3% in August to $52.1 billion, the first decline in 2014. The decrease mostly reversed the gains recorded for June and July. In August, about half of the decrease was caused by lower sales of motor vehicles and motor vehicle parts. Excluding motor vehicles and …
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Canada Monthly Survey of Manufacturing, August 2014
I want to thank Scott Fainor, the Lehigh Valley Partnership, and the Lehigh Valley Economic Development Corporation for sponsoring this breakfast. One month from today, on November 16, 2014, we will mark the 100th anniversary of the date when the 12 Federal Reserve Banks, each independently…
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Plosser: The Economic Outlook and Monetary Policy
The global markets are struggling to regain some semblance of stability. The US dollar is consolidating yesterday’s losses and is modestly firmer. US 10-year Treasury yields have slipped back to near 2.0%, while the 10-year German bund yield has slipped to new record lows, below 75 bp. …
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The Storm Continues, Dollar Stabilizes
Brent crude oil sunk lower on Thursday as the global supply glut continued to grow amid worries that the global economy was falling off track. The commodity traded at $82.97 at 8:45 GMT after weak data …
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Brent Drops Even Lower As Supply Glut Grows
The negative performance of leading risk markets is clearly ruling the market action in different asset classes and given the dynamics behind the latest sell-off, there is likely more to come, says JP Morgan. “Projected targets for an indicated 4th wave setback in the S & P 500 are for example cu…
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SP500, EUR/USD, Cable: Levels To Targets In Risk-Off – JP Morgan
NEW YORK (AP) — A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.
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Falling oil prices shake up global economies
Wall Street had forecast Goldman Sachs would deliver third-quarter earnings of $3.21 a share on $7.85 billion in revenue, according to a consensus estimate from Thomson Reuters. Goldman is the latest bank to report earnings this week. So far, it’s been a mixed bag for banks with JPMorgan Chase …
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Goldman Sachs posts earnings of $4.57 a share on revenue of $8.39B
Lockheed Martin Corp (LMT.N) said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a lorry, could be ready for use in a decade. Tom McGuire, who heads the project, said he and a …
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Lockheed says makes breakthrough on fusion energy project
The European Union started a two-week probe of euro-area governments’ draft budgets as a re-emergence of the bloc’s debt-crisis nightmare risked undoing its economic recovery. As yields on 10-year securities from Europe’s most-indebted nations surge, led by Greece and sweeping up Portugal, Italy…
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EU Starts Two-Week Austerity Scrutiny as Crisis Reawakens
EU wants to smooth Greece’s path back to full market access, sees strong evidence that Greece has turned a corner
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EU sees strong evidence that Greece has turned a corner
Greek 10-year bond yields rose by one percentage point on Thursday, on mounting worries over the likelihood of early elections next year and a risky plan to leave the bailout programme a year ahead of time. Ten-year Greek yields last stood at 8.86 percent. Yields for the three- and five-year bond…
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Greek 10-year yields rise one percentage point on day
Europe is broken again: Portugal 10-yr yield climbs 30 bps TO 3.58%, Irish yield rises 20 bps to 1.90%, Spanish yield jumps 29 bps TO 2.40%
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Europe is broken again: Spanish yield jumps 29 bps to 2.40%
Greek government bonds dropped, dragging the euro region’s higher-yielding securities lower, as the country’s desire to exit its lifeline unraveled and threatened a broader selloff. Greek bonds extended their decline to a fourth day as the nation’s aim to escape the shackles of its bailout and c…
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Greek Bonds Slump on Bailout Concern as Spain Misses Sale Target
The first estimate for the euro area1 (EA18) trade in goods balance with the rest of the world in August 2014 gave a €9.2 billion surplus, compared with +€7.3 bn in August 2013. The July 20142 balance was +€21.6 bn, compared with +€18.0 bn in July 2013. In August 2014 compared with July 2014,…
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Euro area international trade in goods
