December 5, 2019 Headlines
Heavy new issuance in European Government bonds and continued risk-on sentiment weighed on US Treasury yields. The market has remained focused on the potential for a phase one trade deal between the US and China as the Dec 15th tariff hike approaches. Recent reports have suggested officials are moving closer to an agreement on the tariff amount to be scaled back. In addition, both the Hong Kong and Xinjiang legislation will have little impact on the negotiations.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
12/02/19 | Markit US Manufacturing PMI | 52.2 | 52.6 | 52.2 | — |
12/02/19 | ISM Manufacturing | 49.2 | 48.1 | 48.3 | — |
12/02/19 | ISM Employment | 48.2 | 46.6 | 47.7 | — |
12/02/19 | ISM Prices Paid | 47 | 46.7 | 45.5 | — |
12/02/19 | ISM New Orders | 49 | 47.2 | 49.1 | — |
12/02/19 | Construction Spending MoM | 0.40% | -0.80% | 0.50% | -0.30% |
12/03/19 | Wards Total Vehicle Sales | 16.90m | 17.09m | 16.55m | — |
12/04/19 | MBA Mortgage Applications | — | -9.20% | 1.50% | — |
12/04/19 | ADP Employment Change | 135k | 67k | 125k | 121k |
12/04/19 | Markit US Services PMI | 51.6 | 51.6 | 51.6 | — |
12/04/19 | Markit US Composite PMI | — | 52 | 51.9 | — |
12/04/19 | ISM Non-Manufacturing Index | 54.5 | 53.9 | 54.7 | — |
12/05/19 | Challenger Job Cuts YoY | — | -16.00% | -33.50% | — |
12/05/19 | Initial Jobless Claims | 215k | 203k | 213k | — |
12/05/19 | Continuing Claims | 1660k | 1693k | 1640k | 1642k |
12/05/19 | Trade Balance | -$48.5b | -$47.2b | -$52.5b | -$51.1b |
12/05/19 | Bloomberg Consumer Comfort | — | 61.7 | 60.5 | — |
12/05/19 | Factory Orders | 0.30% | — | -0.60% | — |
12/05/19 | Factory Orders Ex Trans | — | — | -0.10% | — |
12/05/19 | Durable Goods Orders | 0.60% | — | 0.60% | — |
12/05/19 | Durables Ex Transportation | 0.60% | — | 0.60% | — |
12/05/19 | Cap Goods Orders Nondef Ex Air | — | — | 1.20% | — |
12/05/19 | Cap Goods Ship Nondef Ex Air | — | — | 0.80% | — |
12/06/19 | Two-Month Payroll Net Revision | — | — | — | — |
12/06/19 | Change in Nonfarm Payrolls | 185k | — | 128k | — |
12/06/19 | Change in Private Payrolls | 179k | — | 131k | — |
12/06/19 | Change in Manufact. Payrolls | 40k | — | -36k | — |
12/06/19 | Unemployment Rate | 3.60% | — | 3.60% | — |
12/06/19 | Average Hourly Earnings MoM | 0.30% | — | 0.20% | — |
12/06/19 | Average Hourly Earnings YoY | 3.00% | — | 3.00% | — |
12/06/19 | Average Weekly Hours All Employees | 34.4 | — | 34.4 | — |
12/06/19 | Labor Force Participation Rate | — | — | 63.30% | — |
12/06/19 | Underemployment Rate | — | — | 7.00% | — |
12/06/19 | Wholesale Inventories MoM | 0.20% | — | 0.20% | — |
12/06/19 | Wholesale Trade Sales MoM | — | — | 0.00% | — |
12/06/19 | U. of Mich. Sentiment | 97 | — | 96.8 | — |
12/06/19 | U. of Mich. Current Conditions | 112.8 | — | 111.6 | — |
12/06/19 | U. of Mich. Expectations | 87.5 | — | 87.3 | — |
12/06/19 | U. of Mich. 1 Yr Inflation | — | — | 2.50% | — |
12/06/19 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |
12/06/19 | Consumer Credit | $16.000b | — | $9.513b | — |
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