Key data releases this week include: housing starts (Tue), industrial production (Tue), Beige Book (Wed), leading economic indicators (Thu), and existing home sales (Fri).
Haver
April 14, 2017
Total retail sales and spending at restaurants fell 0.2% (5.2% y/y) in March following a 0.3% decrease in February; that was revised from +0.1% reported initially. The Action Economics Forecast Survey anticipated that March sales would be unchanged.
Haver
April 14, 2017
Pricing pressure evaporated last month. The Consumer Price Index fell 0.3% during March, the first monthly decline since February 2016. Prices were expected to remain stable in the Action Economic Forecast Survey. The breadth of the price weakness was evident in a 0.1% slip in prices excluding food & energy, where a 0.2% increase had been anticipated.
Reuters
April 10, 2017
MENAFN.com/Agence France-Presse
Monday, April 10, 2017
April 10, 2017
Politico Pro
The eurozone will continue to face political uncertainty this year but that won't interfere with its economic recovery, European Central Bank President Mario Draghi said. While expressing confidence that the ECB's monetary policy will bolster the economy, he urged national governments to press ahead with reforms to exploit opportunities for growth.
CNNMoney
April 17, 2017
Bloomberg
Monday, April 17, 2017
April 17, 2017
China Daily
China's GDP grew 6.9% in the first quarter, a slight increase from 6.8% in Q4, the National Bureau of Statistics said. The Q1 figure exceeded many economists' expectations.
Barron’s
April 17, 2017
For 105 trading days, the S&P 500 index has held above its upward-sloping 50-day moving average. But that streak finally came to an end last week.”
Michael Hartnett, Chief Investment Strategist, Merrill Lynch/Barron’s
April 17, 2017
“Anecdotally, our top financial advisors suggest cash levels were somewhere between 15% and 20%. So it feels as if there’s still cash on the sideline. My sense is there are too many people who want the market to correct, and so it’s not correcting.”
Reuters
April 12, 2017
The odds that House Speaker Paul Ryan's proposals will guide the reshaping of US tax law appear to be fading as the White House, the Senate and other leaders in the House become more vocal in support for their own ideas. Ryan's loss of momentum could delay passage of a tax measure until the end or 2017 or 2018, congressional aides, lobbyists and analysts say.
The Hill
April 12, 2017
Bloomberg
Wednesday, April 12, 2017
April 12, 2017
The Wall Street Journal
President Donald Trump has indicated he is open to renominating Janet Yellen as head of the Federal Reserve, a move that would contrast with his position during the presidential campaign. Trump also says he won't designate China a currency manipulator and thinks the US dollar is becoming too strong.
CNBC
April 12, 2017
Technical analyst Katie Stockton notes that the Chicago Board Options Exchange Volatility Index -- known as the "fear index" because it rises when markets are considered fearful -- ascended sharply this week amid market jitters over President Donald Trump's recent moves. Stockton says the VIX broke out from its 200-day moving average Monday, indicating increased volatility and suggesting an imminent short-term setback for the Standard & Poor's 500 index.

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