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MARKET TRENDS: Greece's Long Fought Battle to End, Dollar Surges High
Posted on July 14, 2015
Greece’s long fought battle with its creditors will soon end with a deal being finalized with the rest of the eurozone countries, subject to an approval by the Athens parliament. The deal, after the approval from the government by Wednesday, would lead to a third bailout for the nearly bankrupt country, and prevent the Greece’s [...]
Posted on July 14, 2015
Greece’s long fought battle with its creditors will soon end with a deal being finalized with the rest of the eurozone countries, subject to an approval by the Athens parliament. The deal, after the approval from the government by Wednesday, would lead to a third bailout for the nearly bankrupt country, and prevent the Greece’s [...]
MARKET TRENDS: Summary for the Week Beginning July 13, 2015
Posted on July 13, 2015
The week ahead will have a number of economic indicators, including a retail sales report for June on Tuesday, which is being driven by higher auto sales. The Producer Price Index is scheduled to be released Wednesday. On the same day, the Federal Reserve releases data for June's industrial output, which is expected to have[...]
Posted on July 13, 2015
The week ahead will have a number of economic indicators, including a retail sales report for June on Tuesday, which is being driven by higher auto sales. The Producer Price Index is scheduled to be released Wednesday. On the same day, the Federal Reserve releases data for June's industrial output, which is expected to have[...]
MARKET TRENDS: Labor Market Recovery Slows; IMF Trims Growth Estimates
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
Posted on July 10, 2015
Last week, applications for U.S. unemployment insurance benefits touched its highest level since February. This indicates a slight slowdown in the recovery of the labor market. The rise in new claims was in sharp contrast to market expectations of a decline. Initial jobless claims rose 15,000 to a seasonally adjusted 297,000 for the week ending [...]
MARKET TRENDS: Home Purchase Demand Catches Up After Fall in Mortgage Rates
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
Posted on July 9, 2015
Mortgage activities are picking up, as mortgage applications rose sharply in the last week, mitigating losses in the week ended June 26, 2015. Mortgage applications for the U.S. homes climbed for the week ended July 3, 2015 with a fall in interest rates. Fixed 30-year mortgage rates with conforming loan balances ($417,000 or less) averaged [...]
MARKET TRENDS: Job Openings at Record High; Trade Deficit Widens
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
Posted on July 8, 2015
U.S. job openings nearly reached a 15-year high in May. Job opening rates have improved considerably faster on a yearly basis than the unemployment rate or number of total hirings. Job openings in the U.S. nonfarm sector grew 0.5% to about 5.36 mn in May, the U.S. Bureau of Labor Statistics said on Tuesday. The [...]
Credit Card Use at Four Year Low in 2015
Posted on July 8, 2015
Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a [...]
Posted on July 8, 2015
Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a [...]
MARKET TRENDS: Service Sector Slows; Hiring and Pricing Weakens
Posted on July 7, 2015
Survey reports from the Institute of Supply Management (ISM) and financial data provider Markit Ltd. on Monday indicated moderate growth in June. The manufacturing and service sector surveys a exhibiting a distinct slowdown of economic expansion since the start of the second quarter, when business initially picked up after the dissipating impact of harsh winter [...]
Posted on July 7, 2015
Survey reports from the Institute of Supply Management (ISM) and financial data provider Markit Ltd. on Monday indicated moderate growth in June. The manufacturing and service sector surveys a exhibiting a distinct slowdown of economic expansion since the start of the second quarter, when business initially picked up after the dissipating impact of harsh winter [...]
MARKET TRENDS: Summary for the Week Beginning July 06, 2015
Posted on July 6, 2015
This week starts with the Greek referendum on Sunday, followed by the U.S. ISM Non-Manufacturing PMI on Monday, JOLTs Job openings and Trade Balance on Tuesday, and the FOMC Meeting Minutes on Wednesday. The week will end with the Wholesale Inventory data. The concerns for this week are about the U.S. dollar restraining [...]
Posted on July 6, 2015
This week starts with the Greek referendum on Sunday, followed by the U.S. ISM Non-Manufacturing PMI on Monday, JOLTs Job openings and Trade Balance on Tuesday, and the FOMC Meeting Minutes on Wednesday. The week will end with the Wholesale Inventory data. The concerns for this week are about the U.S. dollar restraining [...]
One in Ten American Consumers Is Credit Invisible
Posted on July 5, 2015
According to recent research by the Consumer Financial Protection Bureau, about 26 million American adults currently have no credit history. In other words, roughly one in ten American consumers have no records with national credit reporting agencies such as Equifax, Experian and TransUnion. Additionally, another 19 million Americans have limited or out of date credit[...]
Posted on July 5, 2015
According to recent research by the Consumer Financial Protection Bureau, about 26 million American adults currently have no credit history. In other words, roughly one in ten American consumers have no records with national credit reporting agencies such as Equifax, Experian and TransUnion. Additionally, another 19 million Americans have limited or out of date credit[...]
MARKET TRENDS: U.S. Labor Market Firms Up; Manufacturing Follows Suit
Posted on July 1, 2015
A solid job report from payroll processor Automatic Data Processing Inc. (ADP) on Wednesday added to the evidence of a strengthening U.S. economic outlook. In June, the private sector added about 237,000 jobs, according to the ADP nonfarm employment report. The gain in June employment marked the biggest gain since December 2014. It exceeded the[...]
Posted on July 1, 2015
A solid job report from payroll processor Automatic Data Processing Inc. (ADP) on Wednesday added to the evidence of a strengthening U.S. economic outlook. In June, the private sector added about 237,000 jobs, according to the ADP nonfarm employment report. The gain in June employment marked the biggest gain since December 2014. It exceeded the[...]
