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%    

Canada CPI Figures Due at 7AM

Bobbys Corner-Open Market-March22.2011

Good Morning:

GBP was the star of the overnight session as CPI in the UK came out almost double what analysts expected.  This will put pressure on the Bank of England to consider a bump up in interest rates.  

The Euro touched a 5 month high versus the USD as speculation that the ECB will raise interest rates next month-as the concern of inflation mounts.  Last month ECB President Trichet mentioned the rate increase-and even after the crisis in Japan, he has not changed his tone.

Analysts are mixed in there thinking-some feel that Japan will slip into (another) recession, and other feel that Japan will see a big rebound in Q3 and Q4.  The disruptions of the electric supply, and how it disrupts the supply chain will be a major factor in rebuilding the economy.  The resumption of exports used in the production of good overseas will be the litmus test for the economy. 
For now-Japan just needs to get the nuclear crisis under control, and assist their population in any way they can. 

Oil:$101.56                                                            Gold:$1421.90

 

HAVE A GREAT DAY & GOOD LUCK

Jobless Claims Rise, CPI Data Better Across the Board

Consumer Price Index (MoM):    Survey: 0.3%      Actual: 0.4%    Prior:  0.5%      

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

Consumer Price Index  (y/y):     Survey: 1.6%   Actual: 1.6%   Prior: 1.5%

Core CPI (y/y) – Survey: 0.9%   Actual: 1.0%   Prior: 0.8%

CPI Core Index SA:          Actual: 222.587           Prior: 219.179

Consumer Price Index NSA:   Survey: 220.176     Actual: 220.223        Prior:   219.179

Jobless Claims:  Survey:  400K    Actual: 410K   Prior: 383K    Revised:  K   

Continuing Claims:  Survey: 3893K    Actual:  3911K    Prior: 3888K  Revised: K

Retail Sales Weaker as CPI Rises to Highest Level Since June

Consumer Price Index (MoM):    Survey: 0.4%      Actual: 0.5%    Prior:  0.1%      

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

Consumer Price Index  (y/y):     Survey: 1.3%   Actual: 1.5%   Prior: 1.1%

Core CPI (y/y) – Survey: 0.7%   Actual: 0.8%   Prior: 0.8%

CPI Core Index SA:          Actual: 222.187            Prior: 221.982

Consumer Price Index NSA:   Survey: 219.100     Actual: 219.179        Prior:   218.803

Advance Retail Sales:     Survey:  0.8%    Actual:  0.6%     Prior:  0.8%     

Retail Sales Less Autos:     Survey:  0.7%    Actual: 0.5%   Prior: 1.2%    Revised:  1.0%

Retail Sales Ex Autos & Gas:     Survey:  0.3%    Actual: 0.4%   Prior: 0.8%    Revised:  0.6%

US Consumer Price Index & Retail Sales Data due at 8:30AM

Bobbys Corner-Open Market-Dec.15.2010

Good Morning:

The Euro dropped below the 1.33 handle after Moody’s Investors Service stated that Spain may be looking at a downgrade of it’s debt rating.  Spain’s “vulnerability to funding stress” was one of the reasons that Moody’s cited for the possible downgrade.  Spain’s enormous size will cause problems for the EZ unless this problem is  addressed and dealt with in a timely fashion.
EU leaders will start a 2 day meeting in Brussels tomorrow, and the focus will be to develop a permanent crisis fighting system that would resemble an emergency type of fund to be set up within the EU.
Cable was weaker on the heels of lower than expected employment data.  The JPY was steady.

World equity markets were lower-and US Futures are also lower this morning.

CPI data is on the plate in the US-and the data is looking for an uptick again this month (the Fed will need to keep an eye on this data going forward-to be certain that costs are not getting out of line in this economic downturn).

Oil:$ 87.58                                                                                                   Gold:$1394.40

HAVE A GREAT DAY & GOOD LUCK

US CPI & Empire Manufacturing Data due at 8:30AM

« Previous Page — Next Page »