Wednesday, January 20, 2010

Economic Data Snapshot for 01.20.10

Producer Price Index

PPI MoM +0.2% vs +1.8%pr...YoY +4.7% vs +2.7%prev
MoM Less F&E 0.0% vs +0.5% YoY Less F&E

Number was in line with expectations and coincides with the Feds inflation outlook



Building Permits rise and
Housing Starts fall.

With economic data giving mixed readings, US market direction is being set by events in other parts of the globe. (Chinese tightening)
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