Key data releases this week include: retail sales (Tue), PPI (Wed), FOMC rate decision (Wed), CPI (Thu) and housing starts (Fri).
Haver
June 8, 2016
The job openings rate increased to 3.9% during April after remaining at 3.8% for three months. The latest level equaled the record high. The private sector job openings rate increased to a record 4.2%. This rate compared to 2.2% in the public sector. The 4.7% job opening rate in leisure & hospitality compared to 3.3% in the factory sector.
The Economist
June 11, 2016
A report that the US created only 38,000 jobs during May is a shock, but other data suggest the economy is basically sound, according to The Economist. Personal consumption has increased 3% during the past year, consumer confidence is rising and a Federal Reserve survey has found that 69% of Americans think they are doing OK or living comfortably, the magazine notes.
Bloomberg
June 7, 2016
The eurozone economy did a bit better in the first quarter than previously reported, with a 0.6% rise in GDP. Investment and consumer spending both contributed to the improvement, although economists forecast some slowing in Q2.
Reuters
June 9, 2016
The WSJ
Thursday, June 9, 2016
June 9, 2016
The Sun News/The AP
A need for government intervention to rescue the eurozone economy is more pressing than ever, and "the cost of delay is simply too high," says European Central Bank Governor Mario Draghi. The ECB's monetary efforts have yielded only fitful results, and Draghi says other actions are needed, particularly regarding unemployment.
Bloomberg
June 6, 2016
Goldman Sachs' measure of China's debt burden is increasingly at odds with the government's official figure for total social financing in what Goldman calls "an uncomfortable trend that has gotten more discomforting." According to Goldman, China's credit creation totaled 24.6 trillion yuan in 2015, sharply higher than either 19 trillion yuan of TSF or the 16 trillion yuan increase in money supply.
Reuters
June 7, 2016
The expansion of Japan's economy was stronger in the first quarter than originally estimated, the Cabinet Office said. GDP growth was revised from an annual rate of 1.7% to 1.9%.
Barron’s
June 13, 2016
The total of government securities with negative yields has surpassed $10 trillion and is rising.
Barron’s
June 13, 2016
It has been more than 380 days since the S&P hit a record high. Hitting a new high following a pause of 300 days or more has happened 23 times since 1929. When this has occurred, the S&P has gained 15.6% on average during the year following a protracted interlude, and has been higher 91% of the time.
Bloomberg
June 7, 2016
The World Bank has downgraded its outlook for growth of the global economy this year from 2.9% to 2.4%, which it characterized as insipid. A 0.5-percentage-point cut in its forecast for the wealthiest countries accounts for about half of the reduction. The development lender lowered its US growth forecast from 2.7% to 1.9%.

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