October 4, 2021 Headlines
Treasuries are selling off this morning with the 10-year up roughly 3 bps, while equity futures are lower as issues surrounding supply chains threaten to put a damper on growth. Additionally, these supply worries are spurring concerns over inflation. Investors are fearful that energy shortage will drive prices higher causing the recovery to stall. The economic calendar is fairly light this morning with Factory Orders and Durable Goods Orders the items on the docket.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Surv(M) | Actual | Prior | Revised |
10/04/21 | Factory Orders | 1.00% | — | 0.40% | — |
10/04/21 | Factory Orders Ex Trans | 0.40% | — | 0.80% | — |
10/04/21 | Durable Goods Orders | 1.80% | — | 1.80% | — |
10/04/21 | Durables Ex Transportation | 0.20% | — | 0.20% | — |
10/04/21 | Cap Goods Orders Nondef Ex Air | 0.50% | — | 0.50% | — |
10/04/21 | Cap Goods Ship Nondef Ex Air | — | — | 0.70% | — |
10/05/21 | Trade Balance | -$70.7b | — | -$70.1b | — |
10/05/21 | Markit US Services PMI | 54.4 | — | 54.4 | — |
10/05/21 | Markit US Composite PMI | — | — | 54.5 | — |
10/05/21 | ISM Services Index | 60 | — | 61.7 | — |
10/06/21 | MBA Mortgage Applications | — | — | -1.10% | — |
10/06/21 | ADP Employment Change | 430k | — | 374k | — |
10/07/21 | Challenger Job Cuts YoY | — | — | -86.40% | — |
10/07/21 | Initial Jobless Claims | 350k | — | 362k | — |
10/07/21 | Continuing Claims | 2770k | — | 2802k | — |
10/07/21 | Langer Consumer Comfort | — | — | 54.7 | — |
10/07/21 | Consumer Credit | $17.250b | — | $17.004b | — |
10/08/21 | Change in Nonfarm Payrolls | 488k | — | 235k | — |
10/08/21 | Two-Month Payroll Net Revision | — | — | 134k | — |
10/08/21 | Change in Private Payrolls | 450k | — | 243k | — |
10/08/21 | Change in Manufact. Payrolls | 25k | — | 37k | — |
10/08/21 | Unemployment Rate | 5.10% | — | 5.20% | — |
10/08/21 | Average Hourly Earnings MoM | 0.40% | — | 0.60% | — |
10/08/21 | Average Hourly Earnings YoY | 4.60% | — | 4.30% | — |
10/08/21 | Average Weekly Hours All Employees | 34.7 | — | 34.7 | — |
10/08/21 | Labor Force Participation Rate | 61.70% | — | 61.70% | — |
10/08/21 | Underemployment Rate | — | — | 8.80% | — |
10/08/21 | Wholesale Inventories MoM | 1.20% | — | 1.20% | — |
10/08/21 | Wholesale Trade Sales MoM | — | — | 2.00% | — |
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