October 11, 2019 Headlines

US Treasuries have extended yesterday’s losses as optimism regarding a limited US-China trade deal and Brexit accord fueled risk-on sentiment. The White House signaled “trade talks with China going better than expected” and Trump is scheduled to meet with China’s lead negotiator Vice Premier Lie He later today. Across the Atlantic, questions remain on whether the United Kingdom will leave the trading bloc with a deal in place. One of the main disagreements has been how to deal with the Irish border. A joint statement from both the British and Irish leaders provided hope that an agreement can be made by the end of October although it is unclear what concessions have been made.

Chris Eckhoff
Associate, Investment Management Group

10/7/2019Consumer Credit$15.000b$17.901b$23.294b$23.046b
10/8/2019NFIB Small Business Optimism102101.8103.1
10/8/2019PPI Final Demand MoM0.10%-0.30%0.10%
10/8/2019PPI Ex Food and Energy MoM0.20%-0.30%0.30%
10/8/2019PPI Ex Food, Energy, Trade MoM0.20%0.00%0.40%
10/8/2019PPI Final Demand YoY1.80%1.40%1.80%
10/8/2019PPI Ex Food and Energy YoY2.30%2.00%2.30%
10/8/2019PPI Ex Food, Energy, Trade YoY1.70%1.90%
10/9/2019MBA Mortgage Applications5.20%8.10%
10/9/2019JOLTS Job Openings7250705172177174
10/9/2019Wholesale Inventories MoM0.40%0.20%0.40%
10/9/2019Wholesale Trade Sales MoM0.00%0.30%0.20%
10/9/2019FOMC Meeting Minutes
10/10/2019CPI MoM0.10%0.00%0.10%
10/10/2019CPI Ex Food and Energy MoM0.20%0.10%0.30%
10/10/2019CPI YoY1.80%1.70%1.70%
10/10/2019CPI Ex Food and Energy YoY2.40%2.40%2.40%
10/10/2019CPI Core Index SA264.742264.595264.245
10/10/2019CPI Index NSA256.957256.759256.558
10/10/2019Real Avg Weekly Earnings YoY0.90%1.20%1.10%
10/10/2019Real Avg Hourly Earning YoY1.20%1.50%1.40%
10/10/2019Initial Jobless Claims220k210k219k220k
10/10/2019Continuing Claims1651k1684k1651k1655k
10/10/2019Bloomberg Consumer Comfort62.762
10/11/2019Import Price Index MoM0.00%0.20%-0.50%-0.20%
10/11/2019Import Price Index ex Petroleum MoM-0.10%-0.10%0.00%
10/11/2019Import Price Index YoY-2.10%-1.60%-2.00%-1.80%
10/11/2019Export Price Index MoM-0.10%-0.20%-0.60%
10/11/2019Export Price Index YoY-1.60%-1.40%
10/11/2019U. of Mich. Sentiment929693.2
10/11/2019U. of Mich. Current Conditions109113.4108.5
10/11/2019U. of Mich. Expectations82.584.883.4
10/11/2019U. of Mich. 1 Yr Inflation2.50%2.80%
10/11/2019U. of Mich. 5-10 Yr Inflation2.20%2.40%
10/11/2019Bloomberg Oct. United States Economic Survey










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