Economic Data
#1) MBA Purchase Application
Purchase Index - W/W Change | Prev 12.5 % | Act -4.0 % |
Refinance Index - W/W Change | 17.2 % | 0.9 % |
Composite Index - W/W Change | 15.5 % | -0.7 % |
Homes sales were not able to keep up last week’s pace, although refinancing activity increased due to lower interest rates. The average 30 yr rate fell to 4.79% a 2 month low.
Housing Starts
Starts - Level - | Prev 0.596 M | Rev 0.618 M | Est 0.560 M | Range 0.540 M to 0.590 M | Act 0.479 M |
Permits - Level - | 0.562 M | 0.517 M |
Starts in both multi-family and single-family home.
The decline was seen in all regions
PPI
PPI - M/M change | Prev 0.8 % | Rev 0.7 % | Range 0.3 % to 1.1 % | Act 1.6 % |
PPI -Yr/Yr change | 5.8 % | |||
PPI less food & energy - M/M change | 0.5 % | 0.2 % | 0.1 % to 0.4 % | 0.2 % |
PPI less food & energy - Yr/Yr change | 1.9 % |
Both food and energy costs continue rack up healthy gains.
Current Account
Current Account | Prev $-127.2 B | Rev $-125.5 B | Act $-113.3 B |
The deficit relative to GDP for the 4Q10 fell to 3.1% from 3.4% in 3Q10.
Weekly Petroleum report View Summary Here
Oil and petroleum inventories remain above their average for this time of year. Gasoline and distillate inventories declined more than expected. Product demand remains above year-ago levels:
Gasoline +1.4% Distillates +3.8% Jet Fuel +4.5%
Market Activity
Financials +0.63%
T-Bond +1.13% 10-Yr +0.86% 5-Yr +0.52% 2-Yr -.13% E$ -0.02%
Energies +0.54%
RB +1.73% HO+1.69% CL+1.20% NG +0.15% Ethanol -2.05%
Metals +0.21%
HG +1.27% SI +0.45% GC +0.31% PL -0.50% PA -0.97%
Currencies -0.20%
JY +1.37% SF +1.02% U.S.
Grains -0.42%
Beans +1.34% SM +1.09% BO +0.15% W-0.86% RR-0.89% O -2.78% C -3.07%
Softs -0.60%
SB +0.78% LB +0.53% KC +0.44% OJ -0.99% CC -1.17% CT -3.05%
Indices -0.85%
VIX +6.2% Midcap -0.80% Russell -0.85% ES -1.71% NQ -1.82% DOW -1.91%
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| Chart Source: Barchart.com |
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| Chart Source: Barchart.com |
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