Equity and bond prices are both higher this morning following a relatively quiet overnight session with Tokyo closed. Futures on both the Dow Jones and S&P 500 are up 0.13% on the back of rosy earnings expectations. Treasuries held steady in the overnight trading session, but long-end yields have since fallen, with the 10-year 3 bps lower. Initial jobless claims rose unexpectedly last week by 51,000 as 419,000 Americans sought unemployment insurance. The median forecast called for a 350,000 jobless claims number. Continuing claims fell by 29,000 to 3.236 million.
Director, Investment Management Group
|07/19/21||NAHB Housing Market Index||81||80||81||—|
|07/20/21||Housing Starts MoM||1.20%||6.30%||3.60%||2.10%|
|07/20/21||Building Permits MoM||0.70%||-5.10%||-3.00%||-2.90%|
|07/21/21||MBA Mortgage Applications||—||-4.00%||16.00%||—|
|07/22/21||Chicago Fed Nat Activity Index||0.3||0.09||0.29||0.26|
|07/22/21||Initial Jobless Claims||350k||419k||360k||368k|
|07/22/21||Langer Consumer Comfort||—||—||52.2||—|
|07/22/21||Existing Home Sales||5.90m||—||5.80m||—|
|07/22/21||Existing Home Sales MoM||1.70%||—||-0.90%||—|
|07/22/21||Kansas City Fed Manf. Activity||25||—||27||—|
|07/23/21||Markit US Manufacturing PMI||62||—||62.1||—|
|07/23/21||Markit US Services PMI||64.5||—||64.6||—|
|07/23/21||Markit US Composite PMI||—||—||63.7||—|
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