Tag Archives: economic news

GDP Growth Slows in the First Quarter – Futures Trading, Commodity Trading, Futures Brokers, Economic news

GDP slowed to a 1.8% annualized pace in the first quarter of 2011; this comes after the 4th quarter 3.1% rise in 2010.   Analysts state that this quarters slowing largely due to an increase in imported good, a decline in consumer consumption, a decrease in FED. government spending and a slowing in nonresidential fixed… read more

Philly Fed Survey shows slowing in the Manufacturing Sector – Economic news, trading news, Futures Trading

This weeks Philly Fed Survey shows some slowing in the manufacturing sector. The general business conditions according to the survey declined to 3.9%.  Although the month on month shows growth the numbers are still well below April’s 18.5 which indicates slowing.  New orders and shipments both slowed while unfilled orders and inventories turned negative.  There was… read more

Existing Home sales down 0.8% – Economic News, Trading news, Futures Brokers

April existing home sales were down 0.8% this month below the expected 5.05 million annual rate.  This caused the year on year rate to move down to 12.9%.  However, the median home price has moved up 2.4% to $163,700 with an average price of $214,000 for a 3.5% gain.… read more

Breaking News: Jobless Claims Fall by 29,000 claims – Economic News, Economic Reports, Trading news, Futures Trading

Jobless Claims for the week of May 14 fell by 29,ooo claims to 409,000 claims.    Also the prior weeks report was revised down from 438,000 to 434,000.  The expectation for this was an 11,000 claim drop; therefore expectations came in much better than anticipated.  Since 2009 we have seen the job market gain some… read more

EIA Petroleum Status Report : Futures Trading Brokerage, Commodity Trading Brokerage, Futures Broker, Futures Swing Trading

Crude oil inventories came in at 0.0 barrels last week was 3.8 M barrels. Gasoline was at 0.1 M barrels Distillates was at -1.2 M barrels Imports drop and refinery demand went up which held down oil inventories at unchanged for the week of May 13.… read more