vendredi 10 avril 2015

Succinct Summation of Week’s Events 4.10.15

Succinct Summations (for the light) week ending April 10th:



Positives:



1. The Nikkei Index broke 20,000 for the first time in 15 years

2. Initial jobless claims 4-week moving average is at the lowest levels since 2000.

3. Markit service PMI rose to 59.2, versus the 58.6 expected.

4. U.S. equities had a nice week despite fears after last Friday’s lousy job report

5. Mortgage applications to buy rose 6.8%, the highest levels since July 2013

6. Import prices fell 0.3% m/o/m and 10.5% y/o/y.

7. Job openings rose to 5.13M, the highest since 2001.



Negatives:



1. ISM nonmanufacturing index fell to 56.5 from 56.9, still a solid number.

2. Revolving credit outstanding fell for the second straight month.

3. Germany factory orders fell 0.9% m/o/m.

Succinct Summation of Week’s Events 4.10.15

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