WASHINGTON, March 25 (Reuters) – The U.S. economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 percent, a government report showed on Friday. Gross domestic product growth was revised up to an annualized rate of… read more
Tag Archives: market news
Jobless rates dip to 8.9%
* Payrolls rise 192,000, private jobs up 222,000 * Jobless rate dips to 8.9 percent from 9 percent * Average workweek steady at 34.2 hours, earnings edge up By Lucia Mutikani WASHINGTON, March 4 (Reuters) – U.S. employers hired more workers in February than in any month since May last year and the unemployment rate… read more
ISM Mfg Index / Futures Broker
Released on 3/1/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual ISM Mfg Index – Level 60.8 60.5 58.7 to 62.0 61.4 Market Consensus Before Announcement The composite index from the ISM manufacturing survey jumped 2.3 points to a rare plus 60 reading at 60.8 for the highest reading since May… read more
Futures News – New Home sales up 18% in December.
Market Consensus Before Announcement New home sales for December jumped 18 percent to an annual unit rate of 329,000. In turn, months’ supply came down to 6.9 from 8.4 months in November. The buyer rush likely was tied to December’s jump in mortgage rates which encouraged potential homebuyers to quit sitting on the fence and… read more
Swing Trading Strategies – Short Soybean oil hits target objective! [chart]
TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new… read more
Energy Trading News – EIA Natural Gas Report
Highlights Natural gas in storage fell 233 billion cubic feet in the February 11 week. A 230 bcf withdrawal was expected. Definition The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural… read more
Trading News – U.S. Consumer Prices rise in January
WASHINGTON, Feb 17 (Reuters) – U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures. The Labor Department said its core Consumer Price Index, excluding food and energy, increased 0.2… read more
Trading news – U.S. Retail Sales Rise Less Than Expected in January.
WASHINGTON, Feb 15 (Reuters) – Sales at U.S. retailers increased less than expected in January amid weak receipts at building material and restaurant outlets, a government report showed on Tuesday, likely reflecting the drag from snow storms that slammed large parts of the country during the month. Total retail sales rose 0.3 percent, the Commerce… read more
Trading News – Unemployment claims drop to 2 1/2 year low.
WASHINGTON, Feb 10 (Reuters) – New U.S. claims for unemployment benefits dropped more than expected last week to touch their lowest point in 2-1/2 years, a government report showed on Thursday, offering assurance that the labor market was strengthening despite January’s poor jobs numbers. Initial claims for state unemployment benefits fell 36,000 to a seasonally… read more
Energy News – EIA report show Gasoline stocks at 20-year high.
* Crude stocks rise 1.9 mln barrels to 345.06 mln * Gasoline stocks up 4.66 mln barrels at 240.89 mln * Cushing inventories fall 927,000 bbls to 37.41 mln * Distillates rise 288,000 barrels to 164.37 mln NEW YORK, Feb 9 (Reuters) – U.S. crude oil inventories rose in line with expectations and gasoline stocks… read more