Busy Week For The Superpower?
This week contained crucial U.S data regarding overall activities and conditions of the world`s leading economy to show once again a mixed jobs report yet better than projected business and confidence data along with nature`s tragedy; Hurricane Sandy, while that so far President Obama and Republican Mitt Romney crisscrossing battleground states with their final pitches and speeches throughout in fact the final days before Tuesday`s election.
Now this week we all unfortunately witnessed the catahastrophic impact of the Hurricane Sandy which stroked the U.S East Coast to leave a trail of flooding, death and destruction and have accordingly government offices and U.S stocks markets shut for a second day amid damage that may total so far billions of dollars.
Plus an estimated 6.2 million ...
This week was another mixed one for the world`s leading economy but with more gloominess spread than optimism as the FOMC rate decision did not truly provide investors and traders with what most of them have expected; a further stimulus while that the income report came out mixed as well as the long awaited jobs report and weakened business conditions revealed.
In fact the Federal Reserve kept its target interest rates intact as already expected by the markets at its historical low of 0.00 percent to 0.25 percent, which will be the case according to the members of the two days meeting till late 2014 to spur growth while additional accommodation will be provided and policies will eased to boost the current slowed down weak economy.
In fact throughout the last meeting the operation twist ...
Today despite of a lack of data on the US soil we watched the superpower`s shares fluctuate as soon as the stock market opened ahead of a busy week and jobs report while that fears are well spread as well due to the EU unsolved and ongoing debt crisis that is only worsening and intensifying rather than easing.
Accordingly as of 09:57 New York time we watched the Dow Jones rising up by 10.37 points or 0.08 percent to 13086.03, the S&P 500 fell actually by 0.78 points or 0.06 percent to 1385.19 and finally the Nasdaq Composite rose by 5.83 points or 0.20 percent to 2963.92 points.
As for the dollar index, which measures the performance and the strength of the green Benjamin in front of a basket of major currencies, it rose to trade currently around 82.86 recording a high of 82.99 and a low ...
This week as the previous one was a gloomy week for the world`s leading economy as pessimism is the major feeling reigning on the U.S soil regarding its current economical conjuncture as well as the future since that the overall moderate recovery slowed down and the Federal Reserve forecast were not that appetizing towards the coming period and years.
If truth be told during the week the the Federal Reserve official unfortunately cut their forecast for 2012 growth and actually rose up their other projections regarding the unemployment levels since that this past period labor conditions have only worsened, yet according to the Federal Reserve Chairman Bernanke the FOMC is prepared to do what is indispensable and would consider further asset purchases.
No surprise than that this week as ...
It`s been so far a relatively busy week for the superpower and stressed markets are eagerly awaiting first-tier economic releases from May employment situation to April personal income and outlays in the first session in June. Now, U.S. stock-index futures pointed to red start ahead of a hectic day for Wall Street.
As of 06:00 a.m. New York time, Dow Jones Industrial Average futures expiring this month tumbled 0.83 percent to 12,280. Futures on the Standard & Poor`s 500 Index plunged 1.18 percent to 1,293, and NASDAQ 100 Futures lost about 1 percent to 2,499.
Equities yesterday capped the S&P`s worst monthly slide since September, after the Chicago-based ISM`s barometer of business activity retreated to its lowest level since September 2009, adding to yesterday`s negative reports and of ...
Multiple key data and reports from the key sectors and activities were released this week in the superpower all in all confirming one clear scheme; the world's leading economy is expanding only moderately, watching a gradual recovery taking place successfully but remains insufficient to suppress the jobless levels to boost growth.
It is no surprise that the Federal Open Market Committee decided as accustomed and as already forecasted to keep the federal funds target rate intact at its historical low of 0.00 percent to 0.25 percent, and attesting once again that the country's economic momentum during this past period was "expanding moderately".
Having in mind that several times before we have watched the FOMC members pledge to keep exceptionally low rates through at least late 2014; the ...
March's durable goods orders did not only plunge but dropped beyond the market projections mainly as the demand on commercial aircraft and business equipment slowed and lost considerable pace; a clear fluctuating demand on motor vehicles and aircraft, having accordingly these orders of durable goods fall to their lowest since January 2009.
In fact the Commerce Department of the world's leading economy showed that the durable goods orders throughout the month of March dropped by -4.2%, compared with the prior reading of 2.2% as an incline, and revised to 1.9% and worse than median estimates of -1.7%, while durable goods excluding transportation decreased by -1.1%, compared with the prior rise of 1.6% and revised rise of 1.9% and lower than median estimates of 0.5%.
Looking at the report’s ...
Later on today we will most probably watch the world's leading economy home prices throughout 20 of the country cities incline at a slower pace in the month of February, while that consumer confidence of this month could have retreated due to the current pessimism spread regarding the European debt crisis and the slowing global growth rates.
In fact on one hand the S&P/ CS Composite -20 or in other words the value of the residential real estate market in 20 metropolitan regions across the United States could have dropped by 3.40 percent from a prior plunge of 3.78 percent signaling of course a constant low demand on houses and corroborate accordingly that the residential real estate market is only enhancing slowly and sees actually a limit to its improvement.
While later the new home ...
This week had a huge amount of crucial key data regarding the current economical conjuncture of the superpower and in fact confirmed that the moderate revival of the country is undergoing efficiently with most of the indexes released coming out cheerful or better than forecasted towards overall activities and sectors adding further optimism this new year and creating additional hopes for the coming period.
If truth be told one of this week most crucial data was the GDP data released by the Bureau of Economic Analysis from the U.S. Commerce Department which showed a rate that came in above the prior growth with in fact the help of past ongoing gains in consumer spending and overall strengthened business activities and investments to accordingly support further the current modest revival of ...