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S&P500  +0.19% (3,483.81);   NASDAQ  +0.79% (11,671.56);   DJIA  +0.07% (28,606.31)


This week’s reports:

  • October’s Michigan Consumer Sentiment Index (prelim.) rose to 81.2, a seven-months high, from September’s 80.4; versus the expected increase to 80.5.
  • September’s CPI rose 0.2% from August’s +0.4%. Year-on-year, the inflation was 1.4% versus August’s 1.3%. Core CPI also rose 0.2% from August’s +0.4%; year-on-year, core inflation was unchanged from August’s 1.7%.
  • September’s PPI rose 0.4% y/y versus August’s -0.2% y/y. Core PPI rose 1.2% y/y versus August’s 0.6% y/y.   
  • September’s Retail Sales jumped 1.9% from August’s +0.6%; they were expected to increase by 0.7%. Retail Sales ex Autos rose 1.5% from August’s +0.5%. The gain marked the fifth straight month of retail-sales growth.
  • September’s NFIB Small Business Optimism Index jumped to 104 from August’s 100.2 versus the expected decline to 99.6.
  • October’s NY Empire State Manufacturing Index fell to 10.5 from September’s 17; it was expected to decline to 15.
  • October’s Philadelphia Fed Manufacturing Index surged to 32.3 from September’s reading of 15, comparing to the expected decline to 14.
  • September’s Industrial Production fell 0.6%, snapping four months of growth, from August’s +0.4% and versus the expectations of an increase of 0.5%. Capacity Utilization declined to 71.5% from August’s 72%.
  • August’s Business Inventories rose 0.1% from July’s -5.5%.
  • Initial Jobless Claims for the week ending October 10th rose by 53K to 898K, versus the expected decline to 825K. Continuing Jobless Claims for the week ending October 3rd fell by 1.165M to 10.018M, versus the expectations of a decrease to 10.7M continuing claims. The advance seasonally adjusted insured unemployment rate was 6.8%, a decrease of 0.9% from the previous week’s rate.


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