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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.
TuesdayBB : The September Chicago PMI was lower than expected at 60.5 vs 64.3 in August, but still in an expansion mode, a sign manufacturing will keep supporting the world’s largest economy.
BB: Home prices in 20 U.S. cities rose in the year ended in July by a less than expected +6.7% vs +8.1% in June, and at the slowest pace in almost two years as still-tight credit and limited wage gains weigh on demand.
BB: German September unemployment unexpectedly rose for a second month by 12,000 to 2.92M, as seasonal factors combined with economic risks from the Ukraine crisis to a faltering euro-area recovery.The adjusted jobless rate was unchanged at 6.7%
BB: The September Chinese PMI was worse than expected at 50.2 vs an initial reading of 50.5 a week ago, as a property slump weighs on the world’s second-largest economy.
MondayBB: Contracts to purchase previously owned homes declined in August more than expected by -1.0%, as tighter credit and limited wage growth weigh on potential buyers.
BB: August Personal Spending was better than expected at +0.5% vs revised up +0.0% and Personal Spending on estimate at +0.3% vs +0.2%.
BB:The world economy’s twin giants are exerting conflicting pressures, as U.S. growth accelerated in the second quarter to the fastest rate since 2011 and China’s economy waned, with manufacturing and lending data pointing to a weakening in activity.
Economic Reports for the Week ending Friday - October 2, 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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