August 27, 2019 Headlines

US Treasury yields are lower this morning and equity futures are pointing to a slightly higher open (S&P500 +.36%). Headlines overnight continue to focus on President Trump’s positive comments at the G-7 meeting about the US-China trade war. The President touted current talks have been meaningful and prospects of a trade deal are better now than at any time since beginning last year. However, China appeared to contest these statements that any progress has been made. Elsewhere, German Q2 GDP contracted to -0.1% QoQ after expanding by .4% in Q1 showing weakness in Europe’s largest economy. Trade disputes and weakening foreign demand weighed on economy as detailed components show net exports deducted -.5% from the expansion.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
8/26/2019Chicago Fed Nat Activity Index0-0.36-0.020.03
8/26/2019Durable Goods Orders1.20%2.10%1.90%1.80%
8/26/2019Durables Ex Transportation0.00%-0.40%1.00%0.80%
8/26/2019Cap Goods Orders Nondef Ex Air0.00%0.40%1.50%0.90%
8/26/2019Cap Goods Ship Nondef Ex Air0.10%-0.70%0.30%0.00%
8/26/2019Dallas Fed Manf. Activity-42.7-6.3
8/27/2019House Price Purchase Index QoQ0.30%1.00%1.10%1.30%
8/27/2019FHFA House Price Index MoM0.20%0.20%0.10%0.20%
8/27/2019S&P CoreLogic CS 20-City MoM SA0.10%0.04%0.14%0.13%
8/27/2019S&P CoreLogic CS 20-City YoY NSA2.30%2.13%2.39%2.37%
8/27/2019S&P CoreLogic CS 20-City NSA Index218.02217.65216.94216.92
8/27/2019S&P CoreLogic CS US HPI YoY NSA3.30%3.13%3.43%3.35%
8/27/2019S&P CoreLogic CS US HPI NSA Index210.71209.66209.49
8/27/2019Richmond Fed Manufact. Index-4-12
8/27/2019Conf. Board Consumer Confidence129135.7
8/27/2019Conf. Board Present Situation170.9
8/27/2019Conf. Board Expectations112.2
8/28/2019MBA Mortgage Applications-0.90%
8/29/2019GDP Annualized QoQ2.00%2.10%
8/29/2019Personal Consumption4.30%4.30%
8/29/2019GDP Price Index2.40%2.40%
8/29/2019Core PCE QoQ1.80%1.80%
8/29/2019Advance Goods Trade Balance-$74.4b-$74.2b-$74.2b
8/29/2019Retail Inventories MoM0.30%-0.10%-0.30%
8/29/2019Wholesale Inventories MoM0.20%0.00%
8/29/2019Initial Jobless Claims214k209k
8/29/2019Continuing Claims1687k1674k
8/29/2019Bloomberg Consumer Comfort61.5
8/29/2019Pending Home Sales MoM0.00%2.80%
8/29/2019Pending Home Sales NSA YoY1.80%-0.60%
8/30/2019Personal Income0.30%0.40%
8/30/2019Personal Spending0.50%0.30%
8/30/2019Real Personal Spending0.30%0.20%
8/30/2019PCE Deflator MoM0.20%0.10%
8/30/2019PCE Deflator YoY1.40%1.40%
8/30/2019PCE Core Deflator MoM0.20%0.20%
8/30/2019PCE Core Deflator YoY1.60%1.60%
8/30/2019MNI Chicago PMI47.644.4
8/30/2019U. of Mich. Sentiment92.492.1
8/30/2019U. of Mich. Current Conditions107.4
8/30/2019U. of Mich. Expectations82.3
8/30/2019U. of Mich. 1 Yr Inflation2.70%
8/30/2019U. of Mich. 5-10 Yr Inflation2.60%

 

 

 

 

 

 

 

 

 

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