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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.
TuesdayGallup: Americans' confidence in the economy has declined slightly for two consecutive weeks after reaching its highest level in more than five years. Gallup's Economic Confidence Index is now -9, the lowest it has been in over a month.
BB:May Housing Starts were less than expected at +6.8% to a 914,000 annualized rate and Building Permits were also lower than expcted at 974K vs a revised down 1,005K
BB: The May CPI was lower than expected at +0.1% vs -0.4% in April, but ex food and fuel higer than forcast at +0.2% vs +0.2%.
BB:A June German investor confidence rose more than expected to 38.5 vs 36.4 in May ,amid signs the recovery in Europe’s largest economy is gathering pace.
BB: European Central Bank President Mario Draghi said the central bank is considering further non-standard monetary policy tools and will deploy them if circumstances warrant.
MondayBB: The June National Association of Home Builders/Wells Fargo index of builder sentiment rose more than expeced by 8 points to 52 , reflecting gains in sales as Americans rushed to take advantage of low mortgage rates.
BB: The June Federal Reserve Bank of New York’s general economic index was much better than expectd at +7.8 vs -1.4 in May, indicating the area’s factories are looking beyond the current slowdown in growth.
Gallup: Americans' confidence in newspapers fell slightly to 23% this year, from 25% in 2012 and 28% in 2011. Confidence in television news is also at 23%, but that is up slightly from the all-time low of 21% found last year.
Economic Reports for the Week ending Friday - June 21, 2013
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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