Canada Housing Starts Improve to 201.1K

March 8, 2012 by · Leave a Comment 

Canada Housing Starts Improve

Canada Housing Starts:   Survey: 200.0K   Actual: 201.1K  Prior: 197.9K  

USD/CAD stays flat on the news.

 

Canada Housing Starts Data Due 8:15AM Alongside New House Price Index at 8:30AM

March 8, 2012 by · 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 · 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 · 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 · Leave a Comment 

ISM’s Nieves on the Wires

March 5, 2012 by · 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 · 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 · Leave a Comment 

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