September 22, 2017

by | Sep 22, 2017 | Beyond the Headlines

Treasury prices rallied overnight on news that North Korea may test a hydrogen bomb in the Pacific, but pulled back slightly after the release of strong economic data out of Europe as PMI data from France, Germany, and the Eurozone reached multi-year highs. Staying in Europe, the markets will be paying close attention to the results of the German election this weekend; Merkel is largely expected to retain her position as chancellor with several headlines describing the election as “boring”. In the US, manufacturing PMI came in as expected at 53 and several Fed leaders will be speaking later today.

Hafizan Hamzah
Director, Investment Management Group

 

Date TimeEvent SurveyActualPrior
09/22/2017 09:45Markit US Manufacturing PMISep P535352.8
09/22/2017 09:45Markit US Services PMISep P55.855.156
09/22/2017 09:45Markit US Composite PMISep P—54.655.3
09/25/2017 08:30Chicago Fed Nat Activity IndexAug——-0.01
09/25/2017 10:30Dallas Fed Manf. ActivitySep11.5—17
09/26/2017 09:00S&P CoreLogic CS 20-City MoM SAJul0.30%—0.11%
09/26/2017 09:00S&P CoreLogic CS 20-City YoY NSAJul5.78%—5.65%
09/26/2017 09:00S&P CoreLogic CS 20-City NSA IndexJul——200.54
09/26/2017 09:00S&P CoreLogic CS US HPI YoY NSAJul——5.77%
09/26/2017 09:00S&P CoreLogic CS US HPI NSA IndexJul——192.6
09/26/2017 10:00New Home SalesAug590k—571k
09/26/2017 10:00New Home Sales MoMAug3.30%—-9.40%
09/26/2017 10:00Conf. Board Consumer ConfidenceSep120—122.9
09/26/2017 10:00Conf. Board Present SituationSep——151.2
09/26/2017 10:00Conf. Board ExpectationsSep——104
09/26/2017 10:00Richmond Fed Manufact. IndexSep13—14
09/27/2017 07:00MBA Mortgage Applications22-Sep——-9.70%
09/27/2017 08:30Durable Goods OrdersAug P1.00%—-6.80%
09/27/2017 08:30Durables Ex TransportationAug P0.20%—0.60%
09/27/2017 08:30Cap Goods Orders Nondef Ex AirAug P0.30%—1.00%
09/27/2017 08:30Cap Goods Ship Nondef Ex AirAug P0.50%—1.20%
09/27/2017 10:00Pending Home Sales MoMAug-0.50%—-0.80%
09/27/2017 10:00Pending Home Sales NSA YoYAug——-0.50%
09/28/2017 08:30GDP Annualized QoQ2Q T3.10%—3.00%
09/28/2017 08:30Personal Consumption2Q T3.20%—3.30%
09/28/2017 08:30GDP Price Index2Q T1.00%—1.00%
09/28/2017 08:30Core PCE QoQ2Q T0.90%—0.90%
09/28/2017 08:30Initial Jobless Claims23-Sep265k—259k
09/28/2017 08:30Continuing Claims16-Sep1995k—1980k
09/28/2017 08:30Advance Goods Trade BalanceAug-$65.1b—-$65.1b
09/28/2017 08:30Wholesale Inventories MoMAug P0.40%—0.60%
09/28/2017 08:30Retail Inventories MoMAug——-0.20%
09/28/2017 09:45Bloomberg Consumer Comfort24-Sep——50.6
09/28/2017 11:00Kansas City Fed Manf. ActivitySep——16
09/29/2017 08:30Personal IncomeAug0.20%—0.40%
09/29/2017 08:30Personal SpendingAug0.10%—0.30%
09/29/2017 08:30Real Personal SpendingAug-0.20%—0.20%
09/29/2017 08:30PCE Deflator MoMAug0.30%—0.10%
09/29/2017 08:30PCE Deflator YoYAug1.50%—1.40%
09/29/2017 08:30PCE Core MoMAug0.20%—0.10%
09/29/2017 08:30PCE Core YoYAug1.40%—1.40%
09/29/2017 09:45Chicago Purchasing ManagerSep58.7—58.9
09/29/2017 10:00U. of Mich. SentimentSep F95.3—95.3
09/29/2017 10:00U. of Mich. Current ConditionsSep F——113.9
09/29/2017 10:00U. of Mich. ExpectationsSep F——83.4
09/29/2017 10:00U. of Mich. 1 Yr InflationSep F——2.70%
09/29/2017 10:00U. of Mich. 5-10 Yr InflationSep F——2.60%