Economic Reports 01/16/07
The Bank of Canada kept interest rates unchanged at 4.25%. Wells Fargo in line, US Bancorp fell short, Symantec & AMD warned, Cisco downgraded.
Intel reports after the bell. JP Morgan Chase, Merrill Lynch, IBM & Apple report later this week. Crude falling $51.59, gold rising $628.70, $ falling, bonds rallied 10yr 4.74
NY Empire State Index Jan 9.2 vs prior revised down 22.2 Full Report
Inside the number: new orders fell to 10.3 from 22.5, shipments fell to 16.1 from 27.6, employment fell to 6.9 from 18.6, prices paid rose to 35.1 from 28.1, inventories fell to -19.2 from -7.9.
The NY area index fell to its lowest level since June 05. Oddly, the lowest level of inventories since January 2002.
Intel reports after the bell. JP Morgan Chase, Merrill Lynch, IBM & Apple report later this week. Crude falling $51.59, gold rising $628.70, $ falling, bonds rallied 10yr 4.74
NY Empire State Index Jan 9.2 vs prior revised down 22.2 Full Report
Inside the number: new orders fell to 10.3 from 22.5, shipments fell to 16.1 from 27.6, employment fell to 6.9 from 18.6, prices paid rose to 35.1 from 28.1, inventories fell to -19.2 from -7.9.
The NY area index fell to its lowest level since June 05. Oddly, the lowest level of inventories since January 2002.
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