US Factory orders for September 2022 US factory orders for September 0.3% vs. 0.3% expected prior month revised to 0.2% from 0.0% Durable goods revisions for September 2022 preliminary durable goods report for September 2022 Durable goods remained unchanged at 0.4% from its preliminary release Durable goods ex defense revised.
Lowest since May 2020 Prior was 56.7 Details: Prices paid 70.7 vs. 68.7 last month Employment 49.1 vs. 53.0 last month New orders 56.5 vs. 60.6 last month Supplier deliveries 56.2 vs. 53.9 last month Inventories 46.4 vs. 44.1 last month Backlog of orders 52.2 vs. 52.5 last month New.
The major US indices opened lower but are seeing modest buying at the start of trading. Nevertheless, the indices are still negative on the day as the follow through from the post FOMC rate hike trading continues. A snapshot of the major indices 14 minutes into the opening is showing:.
Prelim was 46.6 Prior was 49.3 Composite PMI 48.2 vs 47.3 prelim The fall in output quickened amid a renewed decrease in new orders and weaker client demand Composite rate of charge inflation eased to the slowest since December 2020. The outlook for service sector output over the coming year.
It’s getting ugly in the equity pre-market with S&P 500 futures down 40 points or 1.1%. emini futures The bond market isn’t pretty with US 2-year yields up 17 bps to 4.73% with 10s up 15 bps to 4.21%. With the deterioration in the risk tone, the US dollar is.
> Bailey Q&A: We do think the market curve is too high but we don’t predict Comments from BOE Governor Andrew Bailey in the Q&A Adam Button Thursday, 03/11/2022 | 12:55 GMT-0 03/11/2022 | 12:55 GMT-0 We are seeing the UK premium in bonds unwind Market liquidity is not back.
Largest monthly decline on record Prior was +11.9% (revised to +12.0) Residential -15.6% Non-residential -21.5% The Canadian economy is far too-closely tied to real estate and with rates rising, this is a clear sign of a major crack. USD/CAD is challenging 1.38 as the US dollar climbs broadly. ADVERTISEMENT –.
US initial jobless claims US initial jobless claims 217K vs. 220K estimate 4 week moving average of initial jobless claims 218.75K vs. 219.25K last week (revised from 219K) Continuing claims 1.485M vs. 1.450M estimate. Last week unrevised at 1.438M 4 week moving average of continuing claims 1.4175M vs. 1.3875M last.
Prior was -67.4B Goods trade balance 91.91 vs 92.22B advance reading Despite rising rates, the US consumer is still flush and that will take awhile to run through. In addition, the falling US dollar is putting strong competitive pressure on US exports. There’s no relief coming. ADVERTISEMENT – CONTINUE READING.
Prior was +1.52B Exports 66.37B vs 65.38B prior Imports 65.23B vs 63.86B prior The headline is a tad soft but it comes on rising trade and that’s a good sign for the economy. Strong energy prices should keep Canadian trade balance above zero for some time. ADVERTISEMENT – CONTINUE READING.
> US Q3 unit labor costs +3.5% vs +4.1% expected US third quarter unit labor costs Adam Button Thursday, 03/11/2022 | 12:30 GMT-0 03/11/2022 | 12:30 GMT-0 Prior was +10.2% Productivity +0.3% vs +0.6% expected Prior productivity was -4.1% ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW.
Former Pakistani President Imran Khan was shot in the leg in an assassination attempt. The 70-year-old left office in April but remains active in politics and was hosting a rally when he was shot. Four others were reportedly injured as well. Supposedly the attacker shot at him with a burst.