April 6, 2021 Headlines
Rates are slightly lower this morning as the equity rally stalled. Block trades from Credit Suisse associated with Archegos Capital Management led stock prices lower. The equity markets had been on a tear for the past three days and the S&P 500 breached 4,000 for the first time in history. The recent stimulus bill in combination with increasing vaccinations catalyzed the euphoria. Today’s economic calendar is light with only the JOLTS job openings release as the only item on the docket. Tomorrow will see the release of the March FOMC minutes.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Surv(M) | Actual | Prior | Revised |
04/05/21 | Markit US Services PMI | 60.2 | 60.4 | 60 | — |
04/05/21 | Markit US Composite PMI | — | 59.7 | 59.1 | — |
04/05/21 | ISM Services Index | 59 | 63.7 | 55.3 | — |
04/05/21 | Factory Orders | -0.50% | -0.80% | 2.60% | 2.70% |
04/05/21 | Factory Orders Ex Trans | -1.10% | -0.60% | 1.70% | 1.80% |
04/05/21 | Durable Goods Orders | -1.10% | -1.20% | -1.10% | — |
04/05/21 | Durables Ex Transportation | -0.90% | -0.90% | -0.90% | — |
04/05/21 | Cap Goods Orders Nondef Ex Air | -0.80% | -0.90% | -0.80% | — |
04/05/21 | Cap Goods Ship Nondef Ex Air | — | -1.10% | -1.00% | — |
04/06/21 | JOLTS Job Openings | 6900 | — | 6917 | — |
04/07/21 | MBA Mortgage Applications | — | — | -2.20% | — |
04/07/21 | Trade Balance | -$70.5b | — | -$68.2b | — |
04/07/21 | FOMC Meeting Minutes | — | — | — | — |
04/07/21 | Consumer Credit | $2.800b | — | -$1.315b | — |
04/08/21 | Initial Jobless Claims | 680k | — | 719k | — |
04/08/21 | Continuing Claims | 3638k | — | 3794k | — |
04/08/21 | Langer Consumer Comfort | — | — | 50 | — |
04/09/21 | PPI Final Demand MoM | 0.50% | — | 0.50% | — |
04/09/21 | PPI Ex Food and Energy MoM | 0.20% | — | 0.20% | — |
04/09/21 | PPI Ex Food, Energy, Trade MoM | 0.20% | — | 0.20% | — |
04/09/21 | PPI Final Demand YoY | 3.80% | — | 2.80% | — |
04/09/21 | PPI Ex Food and Energy YoY | 2.70% | — | 2.50% | — |
04/09/21 | PPI Ex Food, Energy, Trade YoY | 2.70% | — | 2.20% | — |
04/09/21 | Bloomberg April United States Economic Survey | ||||
04/09/21 | Wholesale Inventories MoM | 0.50% | — | 0.50% | — |
04/09/21 | Wholesale Trade Sales MoM | — | — | 4.90% | — |
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