Bobbys Corner-Open Market-Aug.18.2011

Good Morning:

CHF softened in overnight trading versus the USD and EUR, as speculation that the Swiss National Bank will institute further measures to slow their rising currency.
The USD and JPY saw additional strength prior to this morning’s US data on inflation.  Market participants are expecting the data to show that inflation is not enough of a factor to have the Fed initiate Q3, or 4 or 5- whatever you want to call it.

The data is out-jobless claims rose more than expected this week-and Consumer Price Index (CPI-which is a measure of inflation on the consumer level), was higher than expected too.  USD stays firm.

Worldwide equity markets dropped, oil is lower-but Gold is higher once again.

The European debt crisis, along with the US downgrade, and continued fears of a double dip recession have taken a toll on stock indexes around the world, and has eroded consumer confidence.

News that the US Fed is keeping a close eye on European Bank’s US operations to be certain that the European debt crisis does not spill into the US banking system is welcome news.  I always thought that the Fed was  responsible to monitor the operations of any bank on US soil-OH they are!

HAVE A GREAT DAY & GOOD LUCK

German CPI Stays Unchanged at 0.40%

US CPI Weakens & Empire Manufacturing Shows Another Negative Number

Consumer Price Index(MoM):   Survey: -0.1%    Actual: -0.2%   Prior: -1.3%  

CPI Ex Food & Energy(MoM):    Survey: 0.2%    Actual: 0.3%   Prior: 0.3%   

Consumer Price Index(YoY):    Survey: 3.6%    Actual: 3.6%   Prior: 3.6%  

CPI Ex Food & Energy(YoY):    Survey: 1.6%   Actual: 1.6%   Prior: 1.5%  

CPI Core Index SA:    Actual: 224.958   Prior: 224.387  

Consumer Price Index NSA:    Survey: 225.650    Actual: 225.722    Prior: 225.964

Empire Manufacturing:      Survey: 5.00   Actual: -3.76  Prior: -7.79

US CPI Data Slightly Better, Empire Manufacturing Drops Hard

Consumer Price Index(MoM):   Survey: 0.1%    Actual: 0.2%   Prior: 0.4%  

CPI Ex Food & Energy(MoM):    Survey: 0.2%    Actual: 0.3%   Prior: 0.2%   

Consumer Price Index(YoY):    Survey: 3.4%    Actual: 3.6%   Prior: 3.2%  

CPI Ex Food & Energy(YoY):    Survey: 1.3%   Actual: 1.5%   Prior: 1.2%  

CPI Core Index SA:    Actual: 224.387   Prior: 223.745  

Consumer Price Index NSA:    Survey: 225.550    Actual: 225.964    Prior: 224.906

Empire Manufacturing:      Survey: 12.00   Actual: -7.79   Prior: 11.88  

Empire manufacturing shows its weakest number since last november. EUR/USD Falls on the move.

US CPI Data Stays According to Forecast

Consumer Price Index(MoM):   Survey: 0.4%    Actual: 0.4%   Prior: 0.5%  

CPI Ex Food & Energy(MoM):    Survey: 0.2%    Actual: 0.2%   Prior: 0.1%   

Consumer Price Index(YoY):    Survey: 3.1%    Actual: 3.2%   Prior: 2.7%  

CPI Ex Food & Energy(YoY):    Survey: 1.3%   Actual: 1.3%   Prior: 1.2%  

CPI Core Index SA:    Actual: 223.745  Prior: 223.331  

Consumer Price Index NSA:    Survey: 224.715    Actual: 224.906   Prior: 223.467

Japan Jobless Rate Improves & CPI Slightly Lower

Job-to-Applicant Ration:  Survey: 0.60  Actual: 0.63  Prior: 0.62 

Overall Household Spending:  Survey: -7.0%  Actual: -8.5%  Prior: -0.2   Revised:

Jobless Rate:  Survey: 4.8%  Actual: 4.6%  Prior: 4.6% 

Tokyo CPI (YoY):   Survey: 0.0%  Actual: -0.1%  Prior: -0.3%  Revised: -0.2%

Tokyo CPI Ex-Fresh Food (YoY):  Survey: 0.2%  Actual: 0.2%  Prior: -0.3%

Tokyo CPI Ex-Fresh Food (YoY):  Survey: 0.1%  Actual: 0.0%  Prior:  -0.3%

National CPI (YoY):   Survey: 0.0%  Actual: 0.0%  Prior:  0.0%

Bobbys Corner-Open Market-April.27.2011

Good Morning:

Risk was back on center stage overnight-as Australian CPI data posted better than expected-pushing the Aussie through the 1.08 handle.
In the UK-GDP printed at .5%, which showed that the UK economy is fairly robust, even with their austerity measures and weak consumer sentiment.  The GBP rallied as many investors were anticipating weaker data.

Markets will be waiting for 2:15 PM this afternoon-which will signal the end of the FOMC meeting-and will feature Fed Chairman Bernanke’s press conference.  Markets are not expecting any interest rate increase at this time-but they are looking for any signal of when the Fed’s QE policy will be coming to an  end.

S&P cut Japan’s sovereign rating outlook to negative.  Costs for rebuilding the country after the March 11 earthquake will no doubt hurt the countries ability to produce products for export, which is the backbone of Japan’s economy.

Asian equity markets were mixed-Europe and US Futures are higher at this time.

Oil:$112.40                                                                 Gold:$1508.90

HAVE A GREAT DAY & GOOD LUCK

Canada CPI Numbers Very Strong

Consumer Price Index (YoY):    Survey: 2.8%     Actual: 3.3%    Prior: 2.2%    

Consumer Price Index (MoM):   Survey: 0.6%     Actual: 1.1%    Prior: 0.3%   

Mar vs. Feb
Food: 1.5% vs 0.3%
Shelter: 0.1% vs 0.0%
Household Operations: 0.3% vs 0.5%
Clothing, shoes: 5.6% vs 1.7%
Transportation: 1.8% vs -0.2%
Health, Personal Care: 0.3% vs 0.2% 
Recreation, education: 1.1% vs 1.1%
Alchohol, tobacco: -0.1% vs -0.1%
Goods: 2.0% vs 0.3%
Services: 0.3% vs 0.2%
Energy: 3.7% vs 0.2%
Gasoline: 6.6% vs 0.6%

Bank of Canada CPI Core (YoY):   Survey: 1.2%     Actual: 1.7%    Prior: 0.9%    

Bank of Canada CPI Core (MoM):   Survey: 0.2%     Actual: 0.7%    Prior: 0.2%    

« Previous Page — Next Page »