February ISM Non Manufacturing expands

  • March 3, 2017
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February ISM Non Manufacturing (Services) 57.6 vs.estimates of 56.5. This represents more than 2/3 of our economic engine, any reading above is expansionary.

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January Factory Orders as expected

  • March 6, 2017
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January Factory Orders 1.2% vs. estimates of 1.2%. Not a factor for interest pricing today.

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Wall Street stocks lined up for cautious moves ahead of Yellen speech, health-care vote

  • March 23, 2017
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U.S. stock futures traded in tight ranges on Thursday, as investors kept their eye on a speeches from Federal Reserve members including Chairwoman Janet Yellen, as well as an important vote on a health-care bill.

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January Trade Balance meets

  • March 7, 2017
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January Trade Balance -48.5B vs. estimates of -48.5B. This of course meets expectations and will not be a factor for today’s pricing.

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ADP reports blowout 298,000 jobs gain for February

  • March 8, 2017
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ADP says February was third-best month of jobs growth of the recovery. Private-sector employment increased by 298,000, ADP reported Thursday. That gain suggests a much better than forecast reading for the payrolls report due Friday, where expectations are for 200,000 jobs added.

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Unit Labor Costs / Nonfarm Productivity

  • March 8, 2017
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Unit Labor Costs 1.7 vs. estimates of 1.6. Nonfarm Productivity 1.3 vs. estimates of 1.5. This is revised data from the 4th QTR.

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Jobless claims surge 20,000 to 243,000

  • March 9, 2017
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The number of Americans who applied for unemployment benefits jumped by 20,000 to 243,000 in early March, but layoffs remained near a 45-year low. Economists had expected initial jobless claims to total 238,000 in the seven days stretching from Feb. 26 to March 4

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U.S import prices surge again, but this time it’s not oil

  • March 9, 2017
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The price of imports rose in February for the third month in a row, and in a potentially worrisome sign, the increase spread beyond oil into other industrial and consumer goods. The import price index rose 0.2% in February following even bigger increases in the prior two months, the government reported Thursday. Yet unlike in

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ECB leaves rates unchanged, plans to leave them at present or lower levels for ‘extended period

  • March 9, 2017
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The European Central Bank offered no surprises Thursday as it left interest rates unchanged. The Governing Council left the main refinancing rate at 0%, while the rate on deposits parked overnight at the bank remains at minus 0.4%. The rate on the bank’s marginal lending facility remains at 0.25%. In a statement, the bank repeated

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European bond yields tick lower after ECB leaves interest-rates unchanged

  • March 9, 2017
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European government bond yields ticked lower on Thursday after the European Central Bank left its monetary-policy strategy steady. The yield on the 10-year German bund , considered the European benchmark, was up half a basis point on the day at 0.375%, while the yield on the 10-year French bond declined two basis points to 1.008%.

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