10 Things You Need To Know - May 16, 2017

Key data releases this week include: NAHB housing index (Mon), housing starts (Tue), industrial production (Tue), and leading economic indicators (Thu).
Haver
May 12, 2017
The Consumer Price Index gained 0.2% during April following a 0.3% March decline. The 2.2% y/y increase was down from February's y/y rise of 2.7%. The monthly increase matched expectations in the Action Economics Forecast Survey. Consumer prices excluding food & energy ticked 0.1% (1.9% y/y), its weakest annual rate of increase since October 2015.
Haver
May 12, 2017
Total retail sales and spending at restaurants increased 0.4% during April (4.5% y/y) following a 0.1% March gain, revised from -0.2% reported initially. Earlier figures also were revised. It was the strongest gain in three months. A 0.6% increase had been expected in the Action Economics Forecast Survey.
Market News International
May 10, 2017
Financial Times
Wednesday, May 10, 2017
May 10, 2017
Bloomberg
May 10, 2017
The Telegraph
Recovery of the eurozone is picking up momentum but "it is too early to declare success" in the European Central Bank's campaign to drive up inflation, ECB President Mario Draghi told Dutch lawmakers. "Underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend," he said.
Bloomberg
May 11, 2017
New Europe
Thursday, May 11, 2017
May 12, 2017
Politico Pro
The European Commission raised its forecast for eurozone growth this year to 1.7% from the 1.6% prediction it made in February, and said the expansion will accelerate to 1.8% in 2018. Unemployment will decline to 8.9% in 2018 from 9.4% this year, the commission said.
The NY Times
May 14, 2017
China has said it expects to spend more than $1 trillion on its "One Belt, One Road" construction effort, and US firms are striving to get a portion of that money. Some companies are changing the way they do business to increase their odds of winning sales and contracts in China.
Bloomberg
May 15, 2017
Key indicators of the strength of China's economy are softening. In April, industrial output grew 6.5%, down from March's 7.6%, and when rural areas are excluded, fixed-asset investment rose 8.9% in the first four months of the year, short of the median estimate by analysts of 9.1%.
Barron’s
May 15, 2017
In January 1992 department store sales were $14.1 billion and electronic sales were $2.7 billion. In March 2017 department sales were $12.6 billion and electronic sales were $44.4 billion.
Barron’s
May 15, 2017
There have been many periods in which U.S. stocks underperformed foreign shares. From 1983 to 1988, for example, EAFE outperformed the S&P 500 by more than 300%. EAFE led again, by 81%, from 2002 through 2007.
Barron's
May 15, 2017
The percentage of stocks trading above their 50-day average peaked late last year at 80%, and has since shrunk to about 50%. The S&P 500 index is climbing, but half its stocks are struggling to keep up. That isn’t something bulls want to see as the rally continues.