Global macro overview for 15/02/2018

January inflation undoubtedly exceeded expectations by both the general outlook (0.5% m / m, 0.3% threshold) and core inflation (0.3%, 0.2% threshold). Even the disappointing decline in retail sales (-0.3%, 0.2%) is up for defense if the above-average increases from November and December are taken into account. The economy is doing well, but inflationary pressure […]

US housing data coming up next

NAHB housing market index due at 10 am ET (1500 GMT) The steady stream of economic data continues at the top of the hour with the NAHB housing index. It’s forecast at 72, unchanged from January. This data point measures home builder sentiment. The reading of 74 in December was the best since 1999. Buy […]

US January industrial production -0.1% vs +0.2% expected

January industrial and manufacturing production data Prior was +0.9% (revised to +0.4%) Manufacturing production 0.0% vs +0.3% exp Prior manufacturing production +0.1% (unrevised) Capacity utilization 77.5% vs 77.7% prior Note that downward revision to December. That’s not a good look but it’s not going to have a short-term effect on the US

S&P 500 set for another gain

The comeback continues S&P 500 futures are pointing to a 14 point gain at the open after a 36 point climb yesterday. Earnings from Cisco yesterday were strong and that’s going to help put a bid in tech. The index has 174 points to go to recoup last week’s losses. Buy the dip on Bitcoin? […]

Canada January existing home sales mm -14.5% vs 4.5% prev

Canada January existing home sales data now out 15 FebSoggy data but notably erratic. Still a sizeable drop though.USDCAD unfazed at 1.2512US industrial production and capacity utilization your next data off the rank shortly at 14.15 GMTI’m out of here now for the day so see you all back bright and early (well, early anyway) at 05.00 […]