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Week 40 - 2013
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Week 40 -2013 | From Sep. 30 to Oct. 04, 2013
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Market Holidays
 
Mkt
Time
Mon - Sep. 30
Tue - Oct. 01
Wed - Oct. 02
Thu - Oct. 03
Fri - Oct. 04
         
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Economic Data for Week 40-2013 | Global View | Week Rating
DATE/WEEK DAY REPORT/CATEGORY HIGHLIGHTS ON WEEK 40-2013 LAST
Mon Chicago PMI Chicago PMI climbed in September to 55.7 from 53.0 in August 2013. Economists had expected the index, formally known the Chicago business barometer, to dip to 54.0.
55.7
Level
Chart View Manufacturing Readings above 50.0 indicate expansion. The Chicago PMI has risen three straight months and the latest increase is consistent with modest economic growth.
Positive View
Tue ICSC Goldman Sachs Index U.S chain store sales rose 0.2% in the week ended 28 September, following a 1% drop in a week earlier, according to International Council of Shopping Centers and Goldman Sachs.
2.1%
Y/Y
Chart View Sales and Inventories On a yearly basis, U.S chain store sales grew further by 2.1%, exceeding a 1.6% rise in a week earlier.
Positive View
Tue Johnson Redbook Chain-store sales proved steady to perhaps slightly soft in September 2013 compared to August 2013, based on reports from ICSC-Goldman and now Redbook.
3.8%
Y/Y
Chart View Sales and Inventories Redbook's year-on-year tally for the September 28 week came in at plus 3.8% which is up 2 tenths from the prior week's rate, but the 4-week average is down 2 tenths to 3.9%.
Positive View
Tue ISM Manufacturing Index The Institute for Supply Management's factory index rose to 56.2, the strongest since April 2011, from 55.7 a month earlier, the Tempe, Arizona-based group's report showed today. Readings greater than 50 indicate growth.
56.2
Level
Chart View Manufacturing Manufacturing unexpectedly picked up in September 2013, showing American factories were a source of strength for the world's largest economy before the federal government shut dow.
Positive View
Tue Construction Spending The Construction Spending report is delayed due to the federal budget impasse and will reported later when released.
N/A
Chart View Growth Data Delayed.
N/A
Wed MBA purchase Applications Applications for U.S. home loans dipped slightly in the latest week, as a drop in demand for purchase loans outweighed an increase in refinancing demand, data from an industry group showed on Wednesday.
-0.4%
W/W
Chart View Real Estate The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.4% in the week ended September 27.
Negative View
Wed Bank Reserve Settlement Bank Reserve Settlement is the date where commercial banks must meet reserve requirements stipulated by the Federal Reserve.
N/A
Chart View Banking System Bank Reserve Settlement is a two-week period that ends every other Wednesday.
Neutral View
Wed ADP Employment Report Private-sector employment gains slightly picked up in September 2013, as employers added 166,000 jobs, Automatic Data Processing Inc. reported Wednesday.

166K
Jobs

Chart View Employment Analysts had expected a September 2013 gain of 180,000, compared with an originally estimated increase of 176,000 in August.
Negative View
Wed EIA Crude Oil An unusually large jump in oil imports fed a large 5.5 million barrel build in oil inventories to 363.7 million barrels in the September 27 week.
5.5M
Barrels
Chart View Commodity Oil imports averaged 8.4 million barrels per day, up from 7.9 million in the prior week for the largest reading of the year that was matched once in mid-June.
Neutral View
Thu Jobless/Initial Claims The number of Americans filing new claims for jobless benefits remained at pre-recession levels last week but growth in the massive U.S. service sector cooled in September as firms took on fewer new workers.
N/A
Chart View Employment Initial claims for state unemployment benefits edged up by 1,000 to a seasonally adjusted 308,000, the Labor Department said on Thursday.
Negative View
Tue Factory Orders The Construction Spending report is delayed due to the federal budget impasse and will reported later when released.
N/A
Chart View Manufacturing Data Delayed.
N/A
Thu ISM Non-Mfg Index The Institute for Supply Management said Thursday its services index fell to a reading of 54.4% in September 2013 from 58.6% in August 2013.
54.4
Chart View Business Activity That's below the 57.5% seen in consensus. The employment index fell 4.3 points to 52.7%. Any reading above 50% indicates expansion.
Negative View
Thu EIA Natural Gas Report Natural gas in storage rose 101 billion cubic feet in the September 27 week to 3,487 bcf.
101bcf
Chart View Commodity From 87 bcf to 101 bcf.
Neutral View
Thu Fed Balance Sheet For the October 2 week, the Fed balance sheet gained $13.4 billion after growing $11.8 billion the prior week.
$13.4B
Chart View Government The increase was led by a $14.9 billion boost in holdings of Treasuries. Federal agency securities dipped $3.0 billion and mortgage-backed securities were little changed. Total assets for the October 2 week stood at $3.747 trillion.
Neutral View
Thu M2 Money Supply

M2 Weekly Change $38.1 Billions from $4.0 Billions revised to $4.0 Billions.

$38.1B
Chart View Money Supply M2 included M1 and, in addition, short-term time deposits in banks and certain money market funds. In general, an increase in the supply of money typically lowers interest rates.
Neutral View
Fri Fixed Mortgage Rates The average interest rate for the most popular kind of home loan, the 30-year fixed rate, fell to 4.22%, down from 4.32% a week earlier.
4.22%
Chart View Interest Rates The 15-year FRM this week averaged 3.29% with an average 0.7 point, down from last week when it averaged 3.37%. A year ago at this time, the 15-year FRM averaged 2.69%.
Positive View
Fri Employment Situation The Employment Situation report is delayed due to the federal budget impasse and will reported later when released.
N/A
Chart View Employment Data Delayed.
N/A
     
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WEEK 40-2013
ECONOMIC REPORTS Positive View Negative View Neutral View RATING REPORTS HIGHLIGHTS OF WEEK 40-2013
01. Interest Rates
1
Positive View
 
02. Growth
Non Available
 
03. Inflation
Non Available
 
04. Employment
2
Negative View
 
05. Real Estate
1
Negative View
 
06. Manufacturing
2
Positive View
 
07. Consumer
Non Available
 
08. Sales & Inventories
2
Positive View
 
09. Business Activity
1
Negative View
 
10. Government
1
Neutral View
 
11. Balance of Payments
Non Available
 
12. Money Supply
1
Neutral View
 
13. Banking System
1
Neutral View
 
REPORTS WEEK 27-2013
5
4
3
Positive View
 
MARKET CORRELATION Positive View Negative View Neutral View RATING MKT CORRELATION HIGHLIGHTS OF WEEK 27 -2013
COMMODITY - Oil
1
Neutral View
Rising commodity prices arouses fears of inflation.
COMMODITY - Natural Gas
1
Neutral View
If interest rates rise, bond funds will go down.
ECONOMIES - Europe
Non Available
Raising interest rates to combat inflation might stop economic expansion.
ECONOMIES - China
Non Available
If Economy starts to improve the dollar will strengthen and Gold will fall.
TOTAL WEEK 27-2013
5
4
5
Positive View
Week 27, 2013 has been rated positive.
   
         
LEGENDS: Rating Explained Rating Explained Chart View Chart View Positive View Positive View Negative View Negative View Neutral View Neutral View N/A Non Available
         
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WEEK 27-2013 ENDING OCT. 04
Reports Commentary

Government

The Senate on Monday sent a budget bill back to the House that keeps funding for President Barack Obama's health-care law, and funds the government through mid-November. Congress has yet to agree on a bill to fund the government past Monday night, and without new funding in place the government will partially shut down Tuesday morning.

The Senate voted 54-46 on Monday to strip a one-year delay in President Barack Obama's health care law from the bill that would keep the government operating.

Employment

The most interesting news on the day was the slightly lower than expected ADP Employment report which included negative revisions to previous months.

Data

The data could provide some of the strongest guidance this week on the health of the U.S. economy as a partial government shutdown delays the release of other data, including the monthly employment report that was scheduled to be released on Friday.

The weekly jobless claims report was the only government economic data released during the shutdown.

The weekly jobless claims report was the only government economic data released during the shutdown. The weekly jobless claims report was the only government economic data released during the shutdown. The information is collected by the states and the Labor Department's Employment and Training Administration continued providing services because the shutdown did not cause a lapse in payments for unemployment benefits.

Federal workers returned to their jobs Thursday after President Obama signed legislation funding the government until Jan. 15 and suspending the debt limit until Feb. 7.

But Labor and Commerce departments spokespeople said Thursday they did not know when the flow of government economic data would resume. Numerous reports, including the monthly jobs report, were postponed.

       
    To prepare for this week we have posted the following Blog:    
    U.S. Gov Shutdown and Debt Battle    
         
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