Key data releases this week include: NFIB small business optimism (Tue), PPI (Thu), consumer sentiment (Thu), CPI (Fri), and retail sales (Fri).
Haver
April 7, 2017
Nonfarm payrolls rose 98,000 (1.6% y/y) during March. The increase followed a 219,000 February rise and a 216,000 January gain. These figures together were revised down by 38,000. Expectations had been for a 178,000 increase in the Action Economics Forecast Survey.
Haver
April 7, 2017
The unemployment rate declined to 4.5%. Stability at 4.7% had been forecast. The overall unemployment rate, including marginally attached workers and those working part-time for economic reasons, fell to 8.9%, its lowest level since December 2007.
Reuters
April 6, 2017
The Irish Times/Bloomberg
Thursday, April 6, 2017
April 6, 2017
RTT News
European Central Bank President Mario Draghi says the policy on extensive bond-buying and low interest rates will remain in place for now, dashing German banks' hopes for an imminent end to the ECB's monetary policy. He told a conference in Frankfurt, Germany, that the eurozone still needs to build confidence that its economy is in good health with inflation under control.
Barron’s
April 10, 2017
The government faces a possible shutdown on April 28, which is when the continuing resolution under which it currently operates is slated to expire. Congress is also scheduled to adjourn for the next two weeks for the Easter-Passover recess, leaving barely a week to stave off a shutdown fiasco.
Barron’s
April 10, 2017
The value of our stock market has reached 207% of our GDP – surpassing the credit-bubble high near 181% and the tech-bubble peak of 202%.
Barron’s
April 10, 2017
Corporate earnings growth in the fourth quarter was the strongest in five years, up 22.3% in after-tax earnings, compared with a year earlier.
Barron’s
April 10, 2017
As of March 31, S&P Capital IQ’s consensus estimate for first-quarter 2017 S&P 500 operating earnings per share was $29.17, up 9.9% on a year-over-year basis.
Reuters
April 3, 2017
Global debt climbed to $215 trillion last year, or 325% of GDP, the Institute for International Finance said in a report. Debt in emerging markets experienced a "spectacular rise" to $55 trillion, mostly through borrowing by nonfinancial corporations, the report said.
Bloomberg
April 5, 2017
WSJ
Wednesday, April 5, 2017
April 5, 2017
Pensions & Investments
April 6, 2017
Financial Times
Federal Reserve minutes from its March meeting show that a majority of its voting members expect two more interest-rate increases this year and favor a reduction in the central bank's $4.5 trillion portfolio of Treasury and mortgage securities by year-end. The method and pace of asset reductions and how they would affect the market remain unclear.

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