by admin | Dec 19, 2017 | Uncategorized
Congress appears headed for tax bill passage by Wednesday CR remains in flux but shutdown seems unlikely U.S. housing starts expected to fall back after Oct’s surge U.S. current account balance expected to narrow mildly Congress appears...
by admin | Dec 18, 2017 | Uncategorized
Mon US 1000 ET Dec NAHB housing market index expected unch at 70, Nov +2 to 70. 1100 ET USDA weekly grain export inspections. EUR 0500 ET Revised Eurozone Nov CPI, prelim-Nov +1.5% y/y. Revised Nov core CPI, prelim-Nov +0.9% y/y. UK 0600 ET UK Dec CBI trends total...
by admin | Dec 18, 2017 | Uncategorized
Global market focus Republicans’ tax bill expected to be approved this week U.S. stock market could see buy-the-rumor sell-the-fact reaction after likely passage of tax bill T-note market awaits inflation news Global market focus —...
by admin | Dec 15, 2017 | Uncategorized
US 0830 ET Dec Empire manufacturing survey general business conditions expected -0.6 to 18.8, Nov -10.8 to 19.4. 0915 ET Nov industrial production expected +0.3%, Oct +0.9%. Nov manufacturing production expected +0.3%, Oct +1.3%. Nov capacity utilization expected +0.2...
by admin | Dec 15, 2017 | Uncategorized
Republicans’ tax bill is nearly a done deal China launches unexpected but small rate hike Markets continue to doubt Fed’s rate-hike schedule U.S. industrial production expected to slow after hurricane spike Republicans’ tax bill is nearly a done deal...
by admin | Dec 14, 2017 | Uncategorized
US 0830 ET Weekly initial unemployment claims expected unch at 236,000, previous -2,000 to 236,000. Weekly continuing claims expected -8,000 to 1.900 million, previous -52,000 to 1.908 million. 0830 ET Nov import price index expected +0.7% and +3.2% y/y, Oct +0.2% m/m...
by admin | Dec 14, 2017 | Uncategorized
U.S. retail sales report expected to show continued strength in consumer spending U.S. unemployment claims expected to remain in good shape Markit U.S. manufacturing PMI expected to remain firm ECB expected to stand pat with QE already set through Sep 2018 BOE policy...
by admin | Dec 13, 2017 | Uncategorized
US 0700 ET Weekly MBA mortgage applications, previous +4.7% with purchase sub-index +2.4% and refi sub-index +9.0%. 0830 ET Nov CPI expected +0.4% m/m and +2.2% y/y, Oct +0.1% m/m and +2.0% y/y. Nov CPI ex food & energy expected +0.2% m/m and +1.8% y/y, Oct +0.2%...
by admin | Dec 13, 2017 | Uncategorized
FOMC’s balance sheet drawdown program is so far imperceptible but will start to bite by late 2018 Regarding today’s FOMC meeting decision, the market is discounting a 100% chance of a +25 bp rate hike to a new funds rate target of +1.25%-1.50% Fed Chair...
by admin | Dec 12, 2017 | Uncategorized
US 0830 ET Nov PPI final demand expected +0.3% m/m and +2.9% y/y, Oct +0.4% m/m and +2.8% y/y. Nov PPI ex food & energy expected +0.2% m/m and +2.4% y/y, Oct +0.4% m/m and +2.4% y/y. 1030 ET FOMC begins 2-day policy meeting. 1200 ET USDA Dec WASDE crop production....
