Tag Archives: economic news

Futures News – December Durable goods orders fall 2.5%

WASHINGTON, Jan 27 (Reuters) – New orders for U.S. manufactured goods fell unexpectedly by 2.5 percent in December, a government report showed on Thursday. When volatile transportation orders were stripped out, durable goods orders rose 0.5 percent, the Commerce Department said, though this was a smaller rise than expected.… read more

Futures news – U.S. Jobless claims rise in latest week.

Jan 27 (Reuters) – U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Insured Unemployment Week Ended   Initial Claims  4-Week Avg.  Continued Claims   rate (pct) 01/22/11       454,000          428,750              N/A           N/A 01/15/11      … read more

Futures News – Dollar remains under pressure after FOMC, Durable good and Housing data up next.

Dollar remains soft against Euro after Fed statement overnight failed to upgrade economic assessment despite strong data. The euro continues to stay firm above around 1.37 level as supported by comments from Trichet on inflation. Nevertheless, the greenback is staying in tight range against other major currencies as some support was provided from the rebound… read more

Futures News – US New Home sales Surge in December!

NEW YORK, Jan 26 (Reuters) – New U.S. single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery. KEY POINTS: *   The Commerce Department said sales jumped 17.5 percent to a seasonally adjusted 329,000 unit annual rate after a… read more

Opening Grain Calls / Futures Broker

WHEAT – Up 8 to 10 cents per bushel. Brisk export sales of U.S. wheat, news Algeria is aggressively seeking wheat imports and talk Saudi Arabia is seeking wheat combine to lift wheat futures. CORN – Up 7 to 8 cents per bushel. Spillover support from soaring wheat market and corn continues to find independent… read more

Grain News and Opening Calls / Futures Broker

WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more

Futures new – Housing Starts Lowest Since 2009

WASHINGTON, Jan 19 (Reuters) – Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery. U.S. housing starts dropped to an annual rate of 529,000 units, the Commerce Department said on Wednesday, down from November’s 553,000 and well below… read more

Consumer Price Index Jumps on Costlier Gas

WASHINGTON (AP) — Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation. The Labor Department says the Consumer Price Index rose 0.5 percent in December, the largest increase in 18 months. About 80 percent of the increase was due… read more

Energy and Food costs drive U.S. Producer Price higher.

WASHINGTON, Jan 13 (Reuters) – U.S. producer prices rose more than expected in December as energy and food costs surged while underlying inflation remained subdued, highlighting a divergence that complicates the outlook for monetary policy. Prices at the wholesale level climbed 1.1 percent after a 0.8 percent rise in November, the Labor Department said on Thursday. Economists had been… read more