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MARKET TRENDS: Prices and Production Tops Estimates, Index Surges Higher
Posted on July 16, 2015

Producer prices in the U.S. grew for the second straight month in June. The rise in prices was higher than anticipated, with a rising cost of gasoline and a range of other goods. This indicates a diminishing oil-driven downtrend in prices. Signs of firming inflation support views that the Federal Reserve will raise interest rates [...]

MARKET TRENDS: Retail Sales Disappoint; Import and Export Prices Down
Posted on July 15, 2015

U.S. retail sales fell unexpectedly in June as consumers cut back their spending on automobiles, food, furniture, and clothes. This was previously an area that had bolstered growth. Retail sales declined 0.3% month-over-month (MoM) in June, the Commerce Department said on Tuesday. It seems that consumers are still cautious, despite a consistent improvement in the [...]

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 [...]

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[...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]