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MARKET TRENDS: Housing Starts Tumble, Permits Steady
Posted on June 16, 2015

Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]

MARKET TRENDS: Summary for the Week Beginning June 15, 2015
Posted on June 15, 2015

The Industrial Production and Empire State Manufacturing Survey for June came in at a sharp contrast to the recent upbeat retail sales and employment numbers. A stronger dollar and a cut down in business investments in the energy sector, compiled with lower oil prices, are still having a negative impact on the industrial and manufacturing [...]

MARKET TRENDS: PPI Upbeat, Consumer Confidence High
Posted on June 13, 2015

The Producer Price Index (PPI), a percentage of change in the prices of finished goods and services sold by producers in the U.S, posted its biggest gains in May in over two and a half years. The gains were primarily driven by the higher cost of gasoline and food products. The PPI for final demand [...]

MARKET TRENDS: Retail Sales, Business Inventory Beat Estimates; Jobless Claims Below 300,000
Posted on June 11, 2015

U.S. retail sales surged in May after a slow start in the second quarter, a sign economic growth is finally gathering steam. A solid job growth rate and improving wage rate boosted consumer confidence, which was reflected in household spending. Sales of automobiles and a range of other goods increased. Overall retail sales for May [...]

MARKET TRENDS: Crude Oil Inventories Slips, Mortgage Rate Surges Higher
Posted on June 10, 2015

U.S. crude oil inventories dropped for yet another week, making for a sixth straight fall. Inventories slipped by 6.81 million barrels in the week ending June 5, as per the latest data from the Energy Information Administration (EIA). The oil inventories declined more than the expected rate of 1.7 million barrels per day (MBPD) for [...]

Is it Safer to Pay with a Credit or a Debit Card?
Posted on June 9, 2015

It was huge news when payment card information belonging to 40 million Target customers was stolen (to the point where their CEO recently resigned). In January, hackers were said to have gotten as many as 1.1 million debit and credit card users. While these stories, over time, are beginning to fade into the background[...]

MARKET TRENDS: Labor Market Firms, Wholesale Inventories Rise
Posted on June 9, 2015

U.S. job openings surged to a record high in April, after a slight decline in March, hinting at a stronger job market in the coming months. The April job openings of 5.4 million were higher than the 5.1 million in March, and market expectations of +5.044 million, said the Labor Department in its monthly Job [...]

MARKET TRENDS: U.S. Consumers Help Ease China's Miserable Export
Posted on June 8, 2015

Exports in the world's second largest economy, China, fell for a third consecutive month in May, despite strong stimulus measures by the government and the Central Bank to boost growth. However, exports to the U.S. rose 7.8% Year-over-Year (YoY) and formed about 18.8% of the total Chinese exports in May, the highest share since August [...]

MARKET TRENDS: Strong Jobs Growth Report Increases Expectations of September Rate Hike
Posted on June 5, 2015

U.S. job growth accelerated sharply in May with Nonfarm Payrolls showing an increase of 280,000, more than economists' expectations of a gain of 225,000 positions. The data, which shows the largest gain since December, indicates that most likely growth is back on track after a slow start to the year and bolsters prospects for a [...]

MARKET TRENDS: Labor Market Firms, Fed Rate Hike Still Uncertain
Posted on June 4, 2015

The job market data released today indicated an improving U.S. employment level. May ended with a positive report on the initial jobless claims, while labor productivity and cost data were negative. Initial jobless claims fell by 8,000 to 276,000 in the week ending on May 30, the Labor Department said on Thursday. The fall in [...]