Ooops, over slept. Catching up and I see futures shot up huge on what looks like so so data. Guess they hit the egg nog early. Note the repos at the bottom....
US Nov durable goods orders rose 1.2 pct
WASHINGTON, Dec 23 (Reuters) - U.S. Commerce Department
seasonally adjusted data on durable goods orders, with percent
changes from prior months.
PERCENT CHANGES: Nov Oct Rev from Sept
New Orders 1.2 -0.9 -1.2 -1.5
Transportation Equip. -2.1 0.7 1.3 -4.9
NonTransport.Equip. 2.2 -1.4 -2.6 -0.4
NonDefense Orders 1.9 -2.1 -2.4 -1.7
Defense Cap Orders -14.8 42.5 41.4 8.7
NonDefense Cap Orders -3.3 0.4 0.7 -0.7
Ex-Aircraft/Parts -1.1 -0.3 -0.2 2.6
BILLIONS OF DLRS: Nov Oct Rev from Sept
New Orders 204.91 202.46 201.87 204.35
Transportation Equip. 45.96 46.94 47.22 46.59
NonTransport.Equip. 158.95 155.53 152.64 157.76
NonDefense Orders 198.25 194.65 194.11 198.86
Defense Cap Orders 6.66 7.82 7.75 5.49
NonDefense Cap Orders 54.42 56.25 56.44 56.05
Ex-Aircraft/Parts 48.29 48.85 48.90 48.99
PERCENT CHANGES: Nov Oct Rev from Sept
Total Shipments 0.8 0.2 0.3 -1.9
Total Unfilled Orders 0.2 Unch -0.1 0.5
BILLIONS OF DLRS: Nov Oct Rev from Sept
Total Shipments 203.90 202.31 202.57 201.90
Ttl Unfilled Orders 501.50 500.49 499.64 500.34
NEW ORDERS-PCT CHANGES Nov Oct Rev from Sept
Primary Metals 2.1 -0.2 -0.6 -1.3
Industrial Machinery -2.0 1.4 1.7 -0.1
Electrical Machinery 8.7 -7.4 -10.4 0.3
NEW ORDERS-BILLIONS OF DLRS:
Primary Metals 15.75 15.43 15.37 15.46
Industrial Machinery 38.83 39.61 39.75 39.08
Electrical Machinery 39.01 35.88 34.72 38.73
FORECAST:
Reuters survey of economists forecast:
U.S. Nov durable goods orders +1.1 pct
HISTORICAL COMPARISONS/NOTES:
U.S. Nov durable goods orders rise first increase since Aug
and largest gain since +4.3 pct pickup in July
U.S. Nov transportation orders fell due to weaker demand for
new commercial aircraft and parts
biz.yahoo.com
Thursday December 23, 8:46 am Eastern Time
U.S. Nov personal income rose 0.4 pct
WASHINGTON, Dec 23 (Reuters) - U.S. Commerce Department
personal income and spending estimates, in seasonally adjusted
annual rates.
Percent Changes: Nov Oct (Prev) Sept (Prev) Aug
Income (Current Dlrs) 0.4 1.3 1.3 0.1 Unch 0.4
Disposable Income:
Current Dlrs 0.4 1.4 1.4 -0.2 -0.2 0.6
Chain '96 Dlrs 0.4 1.2 1.2 -0.5 -0.6 0.4
Consumption:
Current Dlrs 0.5 0.7 0.6 0.5 0.5 0.8
Chain '96 Dlrs 0.4 0.5 0.4 0.2 0.2 0.6
Billions of Dlrs: Nov Oct (Prev) Sept (Prev) Aug
Income 7,984 7,949 7,941 7,848 7,840 7,840
Disposable Income 6,801 6,773 6,765 6,677 6,670 6,689
Personal Outlays 6,649 6,618 6,610 6,571 6,567 6,538
Pers.Consumption 6,417 6,387 6,379 6,342 6,338 6,310
Durable Goods 777 768 771 767 766 766
Non-Durable Goods 1,892 1,885 1,878 1,870 1,870 1,855
Services 3,748 3,735 3,730 3,705 3,702 3,689
Personal Savings 152 155 155 106 103 151
Pct Savings Rate 2.2 2.3 2.3 1.6 1.5 2.3
Billions of Dlrs: Nov Oct (Prev) Sept (Prev) Aug
Wages and Salaries 4,570 4,556 4,556 4,529 4,526 4,508
Manufacturing 787 793 793 788 790 785
Service Industries 1,711 1,700 1,699 1,685 1,682 1,677
Government 738 736 737 733 733 731
Proprietors' Income 698 689 692 651 652 658
Farm 49 47 54 18 19 21
Non-Farm 649 642 638 633 633 636
FORECASTS:
Reuters survey of Wall Street economists forecast:
U.S. Nov personal income +0.2 pct
U.S. Nov personal spending +0.5 pct
HISTORICAL COMPARISONS/NOTES:
Last time U.S. personal spending declined was in Apr'97
(-0.1 pct)
Incomes have risen in every month of 1999. Last time they
failed to rise was in Dec'98 (Unch)
Nov incomes were boosted $30.2 bln at annual rate by farm
subsidy payments and by $1.6 bln by labor signing bonuses in
manufacturing industries.
Excluding special factors, Nov personal incomes +0.5 pct
after +0.6 pct in Oct.
Oct incomes also were raised by farm subsidies, labor
signing bonuses and rebound from Hurricane Floyd.
biz.yahoo.com
Thursday December 23, 9:14 am Eastern Time
Fed says 5-day forward repos totaled $4.650 bln
NEW YORK, Dec 23 (Reuters) - The Federal Reserve said Thursday's five-day forward repurchase agreements, to settle on Dec. 30 and mature on Jan. 4, would add $4.650 billion to the banking system.
biz.yahoo.com
Thursday December 23, 9:12 am Eastern Time
Fed seen adding reserves via four-day fixed repos
NEW YORK, Dec 23 (Reuters) - The Federal Reserve is expected to add temporary reserves to the banking system via four-day fixed system repurchase agreements to take care of add need over the holiday weekend, analysts said.
``It could be a fairly decent size with demand for currency rising,' said James Blumenthal, economist at MCM Moneywatch.
Earlier in the session, the Federal Reserve said it would add $4.650 billion to the banking system via five-day forward repos, to settle on Dec. 30 and mature on Jan. 4. But analysts said that operation does not address the current add need.
In early dealings, Federal funds were trading between 5-7/16 percent to 5-1/2 percent, according to Garban-Intercapital, slightly below the Fed's target for the rate.
biz.yahoo.com
Good Luck,
Lee |
