Scant Data and News as Yearend Draws Closer

Scant Data and News as Yearend Draws Closer

December 27, 2017

The euro rose slightly against the dollar and yen. Oil settled back but remains above $59.00 per barrel. Gold is littloe changed, and 10-year U.S., German and British sovereign debt yields are marginally lower.

In contrast to the lower Richmond Fed manufacturing index in December, the Dallas Fed manufacturing index jumped 10.3 points to a new high of 29.7.

Japanese housing starts posted a fifth straight on-year decline, but the drop was only 0.4%. Construction orders were 20.5% higher in November than a year earlier, their biggest 12-month increase of 2017.

The Swiss UBS consumption indicator dipped 0.01 to 1.67 in November from an upwardly revised October reading. The ZEW Swiss expectations index improved further to 52.0 in December from 40.7 in November and 30 in October.

Chinese corporate profits exceeded their year-earlier level by 14.9% in November.

South Korean consumer confidence dipped 0.1 to 11.1 in December, while Finnish consumer confidence rose a point to 24 in December. Czech consumer confidence slipped while business sentiment improved in December.

Singapore industrial production was 5.3% greater in November than a year earlier.

U.S. pending home sales and the Conference Board U.S. consumer sentiment index get reported later this morning.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission. 

Tags: Japanese housing starts and construction orders




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