Canada Housing Starts Data Due 8:15AM Alongside New House Price Index at 8:30AM
March 8, 2012 by Lawrence Fayman · Leave a Comment
Canada Housing Starts Data Due 8:15AM Alongside New House Price Index at 8:30AM
ADP Employment Stays According to Forecast
March 7, 2012 by Lawrence Fayman · Leave a Comment
ADP Employment Stays According to Forecast
Employment in the US has risen to 216K from a prior number of 170K and a survey of 215K. Revision was stronger coming in at 173K
Feb 2012 vs. Jan 2012
ADP Employment: 110,249 vs 110,033
Level Change: 216 vs 173
Prev Change: n/a vs 170
Angela Merkel on the Wires
March 6, 2012 by Lawrence Fayman · Leave a Comment
Says:
- New problems start if swap misses its target
- Still extremely “spartan” on ESM funds
- To tell law makers she expects Greek swap to go well
- Stress Greek write down remains exceptional case
- Pressure rising over ESM, the debate continues
Canada Ivey PMI Data Due at 10AM
March 6, 2012 by Lawrence Fayman · Leave a Comment
ISM’s Nieves on the Wires
March 5, 2012 by Lawrence Fayman · Leave a Comment
ISM’s Nieves on the Wires
Says:
- Growth is ‘pretty strong’
- Price increases are a concern for outlook
- Rise in fuel prices may lead to cost cutting
- Members not yet saying costs impeding growth
- Jobs outlook ‘still a little bit mixed’
US Factory Orders and Non-Manufacturing Composite Both Better Than Expectations, ISM Highest Since Feb 2011
March 5, 2012 by Lawrence Fayman · Leave a Comment
ISM Non-Manufacturing Composite: Survey: 56.2 Actual: 57.3 Prior: 56.8
Business Activity 62.6 vs 59.5
Backlog of Orders * 53.0 vs 49.5
Inventory Change * 53.5 vs 47.0
Employment 55.7 vs 57.4
Factory Orders: Survey: -1.5% Actual: -1.0% Prior: 1.1% Revised: 1.4%
US Factory Orders and ISM Manufacturing Index Data Due at 10AM
March 5, 2012 by Lawrence Fayman · Leave a Comment
Fed’s Bullard on the Wires
March 2, 2012 by Lawrence Fayman · Leave a Comment
Says:
- U.S. Economic data ‘better than expected’
- Fed never takes anything ‘off the table’ on policy
- The probability of a serious meltdown in Europe has weakened
- The fed rate will rely strongly on economic performance
- U.S. still faces risks from Europe crisis
- $4 dollars for gasoline not slowing consumers down
- $5 dollars for gasoline would change priority of many drivers
- Progress shown in Europe on “fiscal pact”
- U.S. could weather a recession in Europe
- Does not want to ‘reinflate’ U.S. housing bubble




