Key data releases this week include: new home sales (Tue), consumer confidence (Tue), durable goods orders (Thu), pending home sales (Thu), Q1 GDP (Fri), and expiration of continuing resolution to fund the government.
Haver
April 20, 2017
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March following a 0.5% February rise, initially reported as 0.6%. A 0.2% rise had been expected in the Action Economics Forecast Survey. The latest rise left three-month growth at 6.2% (AR) after 3.6% growth during Q4'16.
Bloomberg
April 19, 2017
The Federal Reserve's Beige Book shows modest to moderate economic growth, with consumer spending, aside from auto purchases, still weak. Wages reflect a tightening job market as low-skilled positions remain unfilled and demand for skilled labor grows.
China Daily/Xinhua News Agency
April 22, 2017
China's 6.9% first-quarter growth rate is prompting the International Monetary Fund to raise its forecast for 2017, says Markus Rodlauer, deputy director of the fund's Asia Pacific Department. Fiscal policy support, a robust real estate sector, high credit expansion and an improved external environment have contributed to the strong growth figures, he said.
South China Morning Post
April 19, 2017
China is starting to ease controls on the outflow of yuan as it gains more confidence about the ability of the currency to hold its value, sources said. The People's Bank of China has withdrawn its requirement that banks block outbound cross-border yuan payments unless they match the amount of inbound payments at the end of every month, they said.
Barron’s
April 24, 2017
Through mid-April, just 10 stocks, including Apple and Facebook, had accounted for half the S&P 500’s gain this year, reports Fundstrat Global Advisors.
Barron’s
April 24, 2017
S&P 500 companies are reporting an 11% rise in first-quarter profits, the headiest showing in years, but strip out energy and the pace of growth shrinks to a more middling 7.5%, notes Thompson Reuters.
Barron’s
April 24, 2017
Of the 95 S&P 500 companies that have reported earnings this quarter, 75.8% have topped forecasts, above the four-quarter average of 71%, while 62.1% have topped revenue expectations, well above the 53% average over the last year.
Bloomberg
April 20, 2017
The Washington Post
Thursday, April 20, 2017
The Trump administration is confident an overhaul of US tax law will be finished by year-end, Treasury Secretary Steven Mnuchin says. "Whether health care gets done or doesn't get done, we're going to get tax reform done," he said.
CNBC
April 18, 2017
USA Today
Tuesday, April 18, 2017
April 18, 2017
Politico Pro
The International Monetary Fund raised its forecast for global economic growth to 3.5% in 2017 and 3.6% in 2018, but said income inequality and low productivity remain important obstacles to economic development. "An inward shift in policies, including toward protectionism" continues to threaten the global economic outlook.

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