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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
FridayBB: Russian stocks rallied the most in three weeks after talks on Ukraine yielded an agreement aimed at easing the conflict, prompting investors to buy shares in the cheapest emerging market.
BB: Chinese stocks posted their steepest weekly loss in a month, as slowing growth in home prices dragged down smaller real-estate companies and China Merchants Property Development Co. reported a drop in profit.
TthursdayGallup:Less than half of Americans (42%) have confidence in President Barack Obama on the economy -- the lowest figure Gallup has on record for Obama. New lows were also found for Democratic (35%) and Republican leaders in Congress (24%). >br />+++++
BB:Initial Claims for the week ended 4/12 were lower than expected at 304K vs a revised up 302K the week before and the 4-week moving average eased to 312,000 vs 316,750.
BB: Japan’s March CPI fell to 37.5 vs 38.5 in February, the lowest level since August 2011, and the government cut its economic assessment for the first time in 17 months, as a sales-tax increase on April 1 sapped the public’s spending power.
WednesdayBB: March Housing Starts rebounded less than forecast at +2.8%, held back by declines in warmer parts of the country that indicate the recovery in residential building will be slow to develop.
WS: China's 1st Q GDP was better than expected at +7.4% from a year earlier vs +7.7% in the 4thQ if 2013, The Chinese economy expanded 1.4% from the previous quarter on a seasonally adjusted basis.
TuesdayBB: Confidence among U.S. homebuilders rose less than forecast in April (see NAHB Index below) as sales and prospective buyer traffic stagnated, showing the residential real estate market struggled to improve after a harsh winter.
Gallup: Economic confidence is largely stable at -16 for the week ending April 13, compared with -15 the prior week. Gallup's Economic Confidence Index has ranged narrowly between -13 and -20 this year.
BB: The March cost of living in the U.S. rose more than projected by +0.2%, as food and rents became more expensive, helping ease Federal Reserve concerns that inflation is too low.
BB:China’s broadest measure of new credit fell 19% from a year earlier and money supply grew at the slowest pace on record, underscoring risks of a deeper slowdown as the government tries to curb financial dangers.
BB: Japan's population slid for a third year by -0.17% to 127.3M, with the proportion of people over the age of 65 rising to a record, underscoring the challenge the world’s most-indebted economy faces in financing its aging society.
MondayBB: March Retail Sales were greater-than-forecast at +1.1%, the biggest gain since September 2012, vs a revised up +0.7% in February. Ten of 13 categories, from auto dealers to furniture and clothing stores, showed a pickup.
Economic Reports for the Week ending Friday - April 18, 2014
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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