On the economics front this week we have a rather light calendar compared to last week, but not without some significant releases. The weeks starts out slow with no noteworthy releases on Monday, followed up by productivity and costs on Tuesday. The week closes with the hard hitting trifecta of July’s CPI, June’s Industrial Production, […]
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industrial production
The Empire State Manufacturing Survey’s General Business Conditions Index moved up to -0.6 from -9.4 in June. Both the new orders and shipment indices came in above 0 this month, indicating growth, at 5.9 and 11.0, respectively. But, the employment index remained depressed with a reading of -20.8, almost unchanged from the prior month. It […]
Despite a rather hectic week of economic releases; earnings news will likely steal the show this week. Big names on the earnings calendar this week include Goldman Sachs, JPMorgan, Bank of America, Citigroup, GE, Intel, Google, IBM, and Johnson & Johnson. However, a recent mixture of good and bad economic news, including decreasing consumer sentiment, […]