Thursday, May 17, 2018
Thursday, May 17, 2018
Wednesday, May 16, 2018
Today’s economic reports include April Housing Starts at 8:30 ET and the April Industrial Production numbers at 9:15 am ET. At 10:00 am ET we have the Atlanta Fed's business inflation expectations outlook. Atlanta Fed President Raphael Bostic will be speaking on the economy at 8:30 am. This evening St. Louis Fed President James Bullard is schedule to give a memorial lecture at 6:30 pm.
Equity markets –
S&P futures are trading lower this morning, (-0.15%)
Asian markets were lower overnight.
Tuesday, May 15, 2018
Monday, May 14, 2018
CPI data came in lower than analysts estimates, indicating that inflation fears are easing. The U.S., Canada and Mexico are focusing on rewriting the auto rules at the
center of the North American Free Trade Agreement as negotiators face hard deadlines to wrap up a new deal. That could mean less drastic changes to
other controversial parts of Nafta. Congress has advised the White House to "modernize Nafta in ways that expand trade opportunities without curtailing American consumers' freedom."
Thursday, May 10, 2018
On the economic calendar this morning is the monthly CPI numbers which were just released. The consumer price index rose 0.2% in April. The consumer price index has risen 2.5% in the past 12 months - the highest rate in 14 months. Yet the yearly increase in the core rate was unchanged at 2.1%, a softer than expected reading that's likely to give comfort to a Federal Reserve on inflation watch
ROCKFORD, Mich. (AP) _ Wolverine World Wide Inc. (WWW) on Wednesday reported first-quarter net income of $45.8 million.
The Rockford, Michigan-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
Read the full report here.
Wednesday, May 9, 2018
BELOIT, Wis. (AP) _ Regal Beloit Corp. (RBC) on Monday reported first-quarter profit of $58.4 million. On a per-share basis, the Beloit, Wisconsin-based company said it had net income of $1.31.
Earnings, adjusted for restructuring costs, came to $1.34 per share.
Read the full story here.