The US Commerce Department announced today that wholesale business inventories fell by 0.8 percent in December. Analysts were caught off-guard by the weak performance with a survey conducted by Thompson Reuters expecting a 0.5 percent increase.
Source: Associated Press
The US Commerce Department announced this morning that construction of new homes for the month of December fell by 4 percent to a seasonally adjusted annual rate of 557,000 from an upwardly revised 580,000. The results were lower than the 580,000 forecast by economists surveyed by Thomson Reuters.
Associated Press
The US Commerce Department said this morning that US retail sales rose 1.3 percent in November. The gain – the largest in four months – beat expectations of 0.7 percent, and the annual rate is now pegged at 1.9 percent.
BBC News
After announcing that its national debt has reached 300 billion euros (US$442 billion) – and after having its credit rating downgraded earlier this week – bond yields for two-year government bonds jumped from 1.9 percent to 3.09 percent. 10-year bond yields rose to 5.3 percent from 4.99 percent as investors continue to shun Greek bonds over fears the country will default on its debt obligations.
BBC News
The US Commerce Department announce that wholesale inventory levels rose is October for the first time in 13 months. Inventory levels rose 0.3 percent, while sales at the wholesale level rose 1.2 percent.
The US Commerce Department announced this morning that orders for durable goods unexpectedly fell by 0.6 percent in October after gaining 2 percent in September. Much of the decrease can be attributed to a reduction in Department of Defense spending, and if excluded, demand for durable goods would have increased 0.4 percent for the month.
Associated Press
The US Commerce Department announced this morning that orders for durable goods unexpectedly fell by 0.6 percent in October after gaining 2 percent in September. Much of the decrease can be attributed to a reduction in Department of Defense spending, and if excluded, demand for durable goods would have increased 0.4 percent for the month.
Associated Press
The dollar fell toady as Japan reported strong growth of 1.4 percent in the third quarter increasing investor demand for higher returns.
“The Fed has committed to low rates for a long time,” said Richard Franulovich, a senior currency strategist at Westpac Banking Corp. in New York. “With the Fed out of the equation, good numbers provide the backdrop for further risk taking.”
The dollar briefly pared its decline versus the euro after the Commerce Department reported that U.S. retail sales excluding automobiles increased last month less than economists forecast. Sales advanced 0.2 percent after a 0.4 percent gain in September. The median forecast of 61 economists in a Bloomberg survey was for a 0.4 percent gain. Including autos, sales increased 1.4 percent following a 2.3 percent drop.
Bloomberg
The US Commerce Department said today that orders to factories for durable goods in September rose one percent from August. This is the biggest single month increase in nearly two years, reaffirming other signs that the US is in the early stages of recovery.
Yahoo
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