Tag Archives: economic reports

Market news – New home construction slips during the month of July

Home builders started fewer single-family houses during the month of  July as  new home construction remains at depressed levels. The Commerce Department reported Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That’s half the 1.2 million homes per year that economists say must be built to sustain a… read more

Market report – The U.S dollar is trading lower vs. other major currencies after S&P downgrades it AAA rating.

The U.S. Dollar continues to trade lower against most major currencies after Standard & Poor’s downgraded U.S. top credit rating from AAA to AA+ on Friday. The decision raised concerns over the fiscal issue of the world’s biggest economy. Although the Federal Reserve Open Market Committee is scheduled to meet tomorrow, traders didn’t wait and… read more

Market news – U.S Jobless claims rise more than expected!

Today Jobless Claims reported that claims for unemployment benefits rose more than expected last week, suggesting the labor market continues its struggle to regain momentum after two months of lower job growth. Initial claims for state unemployment benefits increased 10,000 to aseasonally adjusted 418,000, the Labor Department said.    Economists polled by Reuters had forecast… read more

State Street Investor Confidence Index : Futures Trading, Trading in Futures, Futures Brokers, Futures Trading Brokerage

State Street Investor Confidence Index came in at 104.1 was at 97.0 North America, State Street’s sentiment index was up 7 points… read more

Grains Called Higher – Futures Trading, Commodities Trading, Futures Trading Brokerage

Corn called 4 to 6 cents higher Wheat called 15 to 17 cents higher Soybeans called 8 to 10 cents higher More rain in the forecast keeping the farmers out of the field… read more