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 April 5, 2012
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Prices were virtually unchanged during the holiday shortened week as losses on Tuesday were recouped throughout the course of Wednesday and Thursday. Yields were nearly flat on Monday as the ISM Manufacturing index rose higher than expected but buying of ten year paper by the Federal Reserve remained strong. Prices were lower on Tuesday as the minutes of the latest FOMC meeting revealed that another major round of quantitative easing remains unlikely. Yields dropped on Wednesday as lighter demand than expected for European debt auctions once again revived concern surrounding the region's debt crisis. Thursday's rise in prices pushed the week's previous gains back to even in another round of widening yields in Europe. Weekly initial jobless claims of 357,000 were also slightly higher than the anticipated 355,000. Major economic reports (and related consensus forecasts) for next week include: Tuesday: February Wholesale Inventories (+0.5%). Wednesday: March Import Price Index (+0.9%, +4.1% YoY), the Fed's Beige Book released and March Monthly Budget Statement (-$210.0 B). Thursday: February Trade Balance (-$52.0B), March Producer Price Index (+0.3%, +3.0% YoY), March Producer Price Index Ex Food and Energy (+0.2%, +2.8% YoY) and Initial Jobless Claims (355,000). Friday: March Consumer Price Index (+0.3%, +2.6% YoY), March Consumer Price Index Ex Food and Energy (+0.2%, +2.2% YoY) and U. of Michigan April Consumer Confidence (76.5).
Posted on Monday, April 9, 2012 @ 8:23 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 April 5, 2012
India's Stock Market Rebounding Despite Stubborn Inflation
Technology Stocks Have More to Give
A Preview of the 2nd Quarter
US Economy and Credit Markets Week Ended March 30, 2012
US Stocks Week Ended March 30, 2012
Managed Care Providers Back on Their Feet after "Obamacare" Knockdown
Job Growth is a Welcome Sight for the Autos
US Economy and Credit Markets Week Ended March 23, 2012
US Stocks Week Ended March 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.