Americans’ Real Wage Growth Contracts For 3rd Straight Month – First Time Since 2012
For the first time since 2012, real average hourly earnings has declined for 3 straight months… Dragging the year-over-year growth in real earnings down to just 0.4% – the weakest growth since April. Overall, Real average weekly earnings up $1.40 from a year earlier to $370.03. Welcome to the road to serfdom America.
USD/JPY And AUD/USD Forecast – Wednesday, Nov. 15
USD/JPY The US dollar went back and forth during the trading session on Tuesday, as we continue to see a lot of support just below at the 113 handle. The 113 handle is of course a large round number, and an area where we have seen interest in the past. The downtrend line from the […]
Info Tech Leads Asian Earnings Growth
Analysts expect Asia’s EPS growth at 23% and US’ 10% Information Technology is expected to grow the fastest in Asia, might be harder for US Tech giants to grow at 50% Real Estate and Consumer Discretionary are contracting in the US but not in Asia It’s the reverse in Utilities
US Core CPI Rises To 1.8%, Retail Sales Mixed – USD Wobbles
Mixed data from the US: core CPI is up to 1.8% y/y, better than expected. On the other hand, the control group of the retail sales misses with 0.3%, below expectations. The retail sales numbers are accompanied by upward revisions while most inflation numbers are bang on expectations. The USD slightly stronger in the immediate […]
U.S. Treasuries: The Fourth Element
Thus far, 2017 has proved to be somewhat of a vexing year for investors expecting to see a higher U.S. rate environment. While the Federal Reserve (Fed) has delivered on its front by pushing up short-term interest rates, longer-dated yields such as the U.S. Treasury (UST) 10-Year note have not followed suit. I like to think of developments for the UST 10-Year yield […]
Empire State Manufacturing Survey: Continued Growth In November
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 19.4 was a decrease of 10.8 from the previous month’s 30.2. The Investing.com forecast was for a reading of 26.0. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
Core Consumer Prices Come In Hot – Rise At Fastest Rate In 6 Months
Following yesterday’s hotter than expected PPI, Core Consumer Prices printed above expectations (+1.8% YoY vs +1.7% YoY exp) – the fastest rise since April 2017. Headline CPI was in line with expectations at 2.0% – a slight slowing from last month… The biggest driver of the increase in consumer prices was a 2.3% surge in fuel prices The […]
UK Debt Crisis Is Here – Consumer Spending, Employment And Sterling Fall While Inflation Takes Off
UK debt crisis is here – consumer spending, employment and sterling fall while inflation takes off Personal debt crisis coming to fore – litigation cases go beyond 2008 levels October consumer spending fell by 2% in October, the fastest year-on-year decline in four years Britons ‘face expensive Christmas dinner’ as food price inflation soars Gold investors […]
U.K. Wage Growth Steady In Third Quarter
The British economy remains resilient even with the growing economic uncertainties. The unemployment rate held at 4.3 percent in the third quarter, according to the Office for National Statistics report released on Wednesday. However, employment declined by 14,000 in the quarter, the first since October 2016 and the largest decline since June 2015. Likewise, the number of […]
Sensex Finishes Lower On Wider Trade Deficit; Metal Stocks Tank
Indian share markets continued to witness selling pressure in the afternoon session as trade deficit widened to an almost 3-year high. The sentiments also remained subdued due to disappointing quarterly earnings and weak international markets. At the closing bell, the BSE Sensex closed lower by 181 points and the NSE Nifty finished down by 69 points. The S&P BSE Mid Cap finished […]
