January 6, 2020 Headlines

The tensions between Iran and the US continue to weigh on the markets. US equity futures are pointing to a lower open this morning, while oil briefly breached the $70 level for the first time since September. The bond market appears to be nonplussed as rates are essentially unchanged due to positive economic data out of Europe offsetting some of the risk-off move tied to geopolitical tensions.

Hafizan Hamzah
Director, Investment Management Group

1/6/2020Markit US Services PMI52.252.2
1/6/2020Markit US Composite PMI52.2
1/7/2020Trade Balance-$43.7b-$47.2b
1/7/2020ISM Non-Manufacturing Index54.553.9
1/7/2020Factory Orders-0.70%0.30%
1/7/2020Durable Goods Orders-2.00%-2.00%
1/7/2020Factory Orders Ex Trans0.20%
1/7/2020Durables Ex Transportation0.00%
1/7/2020Cap Goods Orders Nondef Ex Air0.10%
1/7/2020Cap Goods Ship Nondef Ex Air-0.30%
1/8/2020MBA Mortgage Applications-5.30%
1/8/2020ADP Employment Change160k67k
1/8/2020Consumer Credit$16.000b$18.908b
1/9/2020Revisions: Philadelphia Fed Manufacturing Index
1/9/2020Initial Jobless Claims220k222k
1/9/2020Continuing Claims1719k1728k
1/9/2020Bloomberg Consumer Comfort63.9
1/10/2020Revisions: Household Survey Data
1/10/2020Change in Nonfarm Payrolls160k266k
1/10/2020Two-Month Payroll Net Revision41k
1/10/2020Change in Private Payrolls154k254k
1/10/2020Change in Manufact. Payrolls5k54k
1/10/2020Unemployment Rate3.50%3.50%
1/10/2020Average Hourly Earnings MoM0.30%0.20%
1/10/2020Average Hourly Earnings YoY3.10%3.10%
1/10/2020Average Weekly Hours All Employees34.434.4
1/10/2020Labor Force Participation Rate63.20%
1/10/2020Underemployment Rate6.90%
1/10/2020Bloomberg Jan. United States Economic Survey
1/10/2020Wholesale Inventories MoM0.00%0.00%
1/10/2020Wholesale Trade Sales MoM0.20%-0.70%



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