Thread: Market News

US consumer prices unchanged in November vs. up 0.1% estimate

Nov. housing starts at 1.09 million vs. 958,000 est.; permits at 1 million vs. 980,000 est. Economists in a consensus survey expected September housing starts to rise to 900,000, October housing starts to rise to 919,000, and November housing starts to rise to 958,000. Building permits for November were forecast to have fallen to 980,000.

Originally Posted by weatherweenie

Nov. housing starts at 1.09 million vs. 958,000 est.; permits at 1 million vs. 980,000 est. Economists in a consensus survey expected September housing starts to rise to 900,000, October housing starts to rise to 919,000, and November housing starts to rise to 958,000. Building permits for November were forecast to have fallen to 980,000.

People are trying to take advantage of low interest rates while they still exist. Don't worry the FED will change that in their own time which is on the near horizon.

Fed begins taper: The Federal Reserve said Wednesday it would start to taper its bond-buying program to $75 billion a month.

US weekly jobless claims total 379,000 vs. 350,000 estimate

The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes dropped 4.3 percent last month, the third monthly fall in a row, to an annual rate of 4.90 million units.

The markets close at 1pm ET today. Merry Christmas everyone!

Originally Posted by weatherweenie

The markets close at 1pm ET today. Merry Christmas everyone!

Hopefully the market is full of good cheer.

Merry Christmas to you too.

New home sales slip 2.1 percent in November to 464,000 vs. 445,000 estimate

The number of Americans filing new claims for unemployment benefits fell for a second week last week, suggesting labor market conditions continue to steadily improve.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 339,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 3,000 more applications received than previously reported.
The four-week moving average for new claims rose 8,500 to 357,250 as the holiday-related volatility lingers.

An index of manufacturing activity came in at 57.0 in December.
Economists polled by Reuters were expecting the ISM manufacturing index to tick down to 56.7 from 57.3.