Retails and foods services sales rose again for the fourth consecutive month, during February 2013 by 0.1% compared with January’s sales and were also above the sales at February 2012. The U.S. Department of Commerce (pdf file) published today its…
Based on the recent March report published by the Organization of the Petroleum Exporting Countries referring to the recent developments in the crude oil market during February, the OPEC oil production slightly increased during February compared with January’s oil production.…
Natural gas (short term delivery) continued to trade up during most of last week. According to the recent natural gas storage update, the natural gas storage contracted by a faster pace than the average five years did. Based on the…
The U.S. employment increased by higher than many had anticipated – based on ADP estimate, the non-farm payroll rose by 198k during February: according to the recent U.S. employment report, which was published today, March 8th by the Bureau of…
ECB President Mario Draghi left the ECB cash rate flat at 0.75% and the deposit rates at 0%. In the press conference that followed the announcement Mario Draghi kept this usual stands about the projections of Euro Area. He stated…
Yesterday, the U.S. Manufacturing ISM update came out; based on the recent report, the U.S. Manufacturing PMI index increased again to 54.2% during February 2013. The U.S. Manufacturing PMI is an index estimates the economic changes of the U.S. manufacturing…
The bureau of economic analysis published today February 28th its second estimate of the growth rate of the U.S. Gross Domestic Product for Q4 2012. Based on the recent update, U.S output of goods and services growth rate rose by…
The Chairmen of the Federal Reserve Ben Bernanke testified today in before the January FOMC meeting. In his testimony Bernanke remained dovish regarding the FOMC monetary policy. He stated that the current policy of low interest rates and asset purchase…
Natural gas (short term delivery) changed course and rallied during last week. According to the recent natural gas storage report, the natural gas storage contracted by a slightly faster than the average five years. Based on the to recent EIA…
Yesterday, the second survey for 2013 of the Philly Fed Manufacturing Index for February came out. This survey projects the U.S. manufacturing conditions. Based to the recent update the conditions have deteriorated again. Moreover, the index remained negative; the Philly…