Tag Archives: economic reports

US Jobless claims dip, consumer spending rises

* Weekly jobless claims fall 3,000 * Consumer spending up 0.4 pct in Nov * Durable goods orders fall 1.3 pct * Orders ex-transportation surge 2.4 pct WASHINGTON, Dec 23 (Reuters) – New U.S. claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of… read more

EIA Inventory Report / Futures Broker

EIA Inventory Report * Crude stocks fall 5.33 million barrels * Distillate stocks off 589,000 barrels * Gasoline stocks up 2.4 million barrels NEW YORK, Dec 22 (Reuters) – U.S. crude inventories fell more than expected last week while gasoline stocks rose, according to a weekly report from the Energy Information Administration on Wednesday. Domestic… read more

Home Sales Less Than Expected / Futures Broker

WASHINGTON, Dec 22 (Reuters) – Sales of previously owned homes rose less than expected in November, suggesting the U.S. housing sector is struggling to gain traction as high unemployment and tight lending standards continue to hamper recovery. Sales rose 5.6 percent to a seasonally adjusted annual unit rate of 4.68 million units, the National Association… read more

Advanced Durable Goods 11/24/2010

WASHINGTON, Nov 24 (Reuters) – New orders for long-lasting U.S. manufactured goods unexpectedly fell in October to post their largest decline in nearly two years and business capital spending plans dropped, according to a government report on Wednesday that pointed to a slowdown in factory activity. The Commerce Department said durable goods orders tumbled 3.3… read more

Grain News and Opening Calls – Futures Broker

WHEAT – Down 2 to 3 cents per bushel. Pressure from a firm dollar but market underpinned by concern about dryness in the U.S. western Plains hard red winter wheat growing region. * USDA late on Monday said 47 percent of the U.S. winter wheat crop was in good to excellent condition, up from 46… read more

Important Economic News 11/22/2010: QE2, European Debt, China

Markets Turned Mixed With Three Themes in Force European debt crisis and China took the spotlight from Fed’s quantitative program last week. The greenback was boosted higher on risk aversion in the early part of the week but reversed as sentiments stabilized. Fundamentally, markets were seeing some lights in the Irish bailout. Technically, risk markets,… read more

Initial Jobless Claims (unemployment) 11/18/2010

WASHINGTON, Nov 18 (Reuters) – New U.S. claims for unemployment benefits rose slightly last week as expected, a government report showed on Thursday, but the underlying trend remained tilted toward a gradual improvement in the labor market. Initial claims for state unemployment benefits climbed 2,000 to a seasonally adjusted 439,000, the Labor Department said. Economists… read more

Grain Supply Report / Futures Broker

CHICAGO (Dow Jones)–The U.S. on Tuesday unexpectedly cut its soybean harvest estimate and slashed its supply forecast, setting the stage for gains in soybean futures. Soybean production was pegged at 3.375 billion bushels, down 1% from the government’s October estimate, according to the U.S. Department of Agriculture. Analysts surveyed by Dow Jones, on average, had… read more

Five market Changers to watch 11/8 – 11/12

Five Market Changers to Watch This Week ________________________________________ • Trade figures: What’s to become of the U.S. dollar? It may be oversold, as some experts note, but the Fed’s big easing decision last week promises more pressure as a global currency war looms. International trade figures out this week (Wednesday 8:30 a.m.) are backward-looking, but expect… read more