Stocks were mixed in Asian trade. The Nikkei was among the best with a gain of a bit more than one percent and Australia was up almost 0.9%. The Hang Seng and Shanghai remain closed for the holiday. European indexes are generally higher on the day, with the Dax and Footsie both up about a third of a percent. US stock futures are higher by a fraction.*In January UK house prices rose 0.8% on a month to month basis, according to Halifax, better than the decline of 0.3% that was expected.
*The Jobless Rate in Canada increased 0.,2% in January to 7.8%, it had been expected to be steady from December. But the net change in the number of employed was up 69.2k, well above the estimate for a gain of 15.0k.
*The January reading of the Employment Situation is due out at 7:30am CST. The Jobless Rate is expected to increase one tenth on the month to 9.5%; the estimate for total Non-farm Payrolls is 146k and the guess for the private sector is +145k; Average Hourly Wages is expected to rise 0.2% on the month and the Average Work Week is forecast to be steady at 34.3 hours. Remember there will also be some revisions announced. The benchmark revision for the twelve months ending March 2010 was estimated by the BLS to be -366k. There will also be some preliminary revisions for each month of 2010.
*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/13 and 1/31/15; the results of the operation will be announced just after 10:00am CST.
*Dallas Fed boss Fisher is set to speak on the economy at noon CST at the U of Texas.
No comments:
Post a Comment