BANK OF CANADA: BUSINESS, CONSUMER SENTIMENT PLUNGE ON COVID, OIL PRICE FALL
NEW YORK (MaceNews) – Canadian business and consumer sentiment dropped in response to the Covid-19 pandemic and the drop oil prices, the Bank of Canada reported Monday. The bank’s quarterly survey of businesses, conducted from mid-May to early-June, as government restrictions were starting to ease, found businesses in all regions and sectors “reported that weak […]
DATA PREVIEW: SERVICES SECTOR CONDITIONS HEADLINE LIGHT DATA WEEK AHEAD
By Kevin Kastner WASHINGTON (MaceNews) – After a very busy data week that finished off with a 4.80 million June payrolls gain and a decline in the unemployment rate to 11.1%, analysts and the markets can look forward to a three-day weekend and a very light data week ahead. Monday’s nonmanufacturing data for June starts […]
DATA FLASH: US JUNE PAYROLLS RISE BY 4.80 MLN, UNEMPLOYMENT RATE 11.1%
–Food Services, Retail Again Lead Gain; Hourly Earnings Down 1.2%–Initial Jobless Claims Fell by 55,000 to 1.427 Mln, Continuing Claims Rise–International Trade Gap Widened to $54.6 Billion By Kevin Kastner WASHINGTON (MaceNews) – The June employment report showed further, though measured, improvement, reflecting continued state reopenings. The sharp April payrolls decline the Labor Department reported […]
DATA FLASH: US MANUFACTURING MOVES BACK TO POSITIVE IN JUNE
–May Construction Spending Falls Sharply–June ADP Points to Further Job Recovery; Challenger Shows Layoffs Continue By Kevin Kastner WASHINGTON (MaceNews) – The June ISM index showed U.S. manufacturing sector activity improved further, in line with the regional and Markit data. Survey respondents in the ISM report noted a rebound in demand has kept factories busy. […]
DATA PREVIEW: WILL EMPLOYMENT REPORT PROVIDE EARLY FIREWORKS?
By Kevin Kastner WASHINGTON (MaceNews) – Before the Fourth of July holiday, there are plenty of opportunities for the June U.S. data to create further buzz after a partial recovery in May. The employment report released Thursday – early because of the pending holiday – is undoubtedly the highlight of the week ahead of Friday’s […]
DATA FLASH: US INITIAL CLAIMS SLOW; DURABLE GOODS ORDERS SURGE
–Initial Claims -60,000 to 1.480 Mln; Pace of Decline Continues To Flatten–May Durable Goods New Orders Jump 15.8%; Shipments Up 4.4%–Q1 GDP, Real PCE Both Unrevised As Analysts Focus On Massive Q2 Decline––May Adv Trade Gap -$74.3 Bln, Wholesale Inventories -1.2%; Retail -6.1% By Kevin Kastner WASHINGTON (MaceNews) – The massive amount of data released simultaneously […]
DATA PREVIEW: AFTER PARTIAL RECOVERY IN MAY, FOCUS TURNS TO JUNE
By Kevin Kastner WASHINGTON (MaceNews) – After solid improvement in the May U.S. data released over the last two weeks, the focus in the coming week turns to the early-June regional conditions data. June readings from the New York Fed and Philadelphia Fed released this previous week indicated continued improvement, with the Philadelphia Fed’s reading […]
DATA FLASH: US INITIAL CLAIMS FALL FURTHER, PHILADELPHIA FED JUMPS
––Initial Claims -58,000 to 1.508 Mln; 41.8 Mln Unadj Total Under COVID-–Philly Fed Manufacturing Index Surges to 27.5 in June from -43.1 in May By Kevin Kastner WASHINGTON (MaceNews) – U.S. initial jobless claims filings fell further in the current week, but the pace of weekly declines has slowed and the level itself remains extremely elevated. […]
FED’S POWELL: TO WATCH TO SEE IF CORP BOND BUYS NEEDED
–Don’t Want to Run Through Corporate Bond Market ‘Like an Elephant’ WASHINGTON (MaceNews) – Federal Reserve Chairman Jay Powell Tuesday underlined his question whether government’s coronavirus response will be sufficient, suggesting more will be needed, and he conceded the new “Main St.” lending program’s corporate bond purchases may no longer be as necessary as originally […]
DATA FLASH: US INITIAL CLAIMS SLOW FURTHER; MAY PPI ABOVE EXPECTED
–Initial Claims -355,000 to 1.542 Mln; 40.4 Mln Unadj Total Under COVID–May PPI Up 0.4%, But Down 0.1% Ex Food and Energy; Gasoline +43.9%. By Kevin Kastner WASHINGTON (MaceNews) – The U.S. jobless claims data released earlier Thursday pointed to continued improvement for both new filings and existing filings, but the levels of both remain extremely […]