Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Week Ended December 7, 2012
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasuries ended the week mostly unchanged after a good jobs report on Friday erased gains from earlier in the week that were largely due to the lack of progress resolving the fiscal cliff. In economic news, the ISM manufacturing index fell to 49.5 in November, lower than the survey estimate of 51.4. November total vehicle sales were reported at a seasonally adjusted annual rate of 15.46 million units, higher than the estimate of 15.00. Domestic vehicle sales were 12.01 million, also head of consensus estimates of 11.50 million. The ISM non-manufacturing index increased to 54.7 in November, higher than the estimate of 53.5. Nonfarm productivity increased 2.9% in the third quarter, slightly higher than estimates of 2.8%. Factory orders increased 0.8% in October vs. the estimate of no growth. Nonfarm payrolls increased an unexpected 146,000 in November, topping economist estimates of 86,000 and the unemployment rate declined from 7.9% to 7.7%. Preliminary December U of M Consumer Confidence was reported at 74.5, below the estimate of 82.0. Major economic reports (and related consensus forecasts) for next week include: Tuesday: October Trade Balance (-$42.7B), October Wholesale Inventories (0.4%); Wednesday: November Import Price Index (-0.5% MoM, -1.0% YoY), Federal Funds Target Rate (0.25%); Thursday: November Advance Retail Sales (0.4%), November PPI (-0.5% MoM, 1.8% YoY), November PPI Excluding Food and Energy (0.2% MoM, 2.2% YoY), October Business Inventories (0.3%); Friday: November CPI (-0.2% MoM, 1.9% YoY), November CPI Excluding Food and Energy (0.2% MoM, 2.0% YoY), November Industrial Production (0.2%), November Capacity Utilization (78.0%).
Posted on Thursday, December 13, 2012 @ 10:00 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

US Stocks Week Ended December 7, 2012
Inflationary Pressure Has Abated In Some Key Countries
Being Paid for Taking Risk
Nerves Have Settled Some In Europe
Institutional And Retail Investors Still Do Not See Eye-To-Eye On the Markets
US Economy and Credit Markets Week Ended November 30, 2012
US Stocks Week Ended November 30, 2012
A Welcome Sight
Gaining Exposure To China’s Economy Without Investing In Its Stocks
US Economy and Credit Markets Week Ended November 23, 2012
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.