Economic Reports 12/08/06
Odds & Ends: Xilinx lowered its Q3 sales forecasts, stock -5.5%; while National Semiconductor also issued Q3 revenue guidance below consensus.
The Nigerian "rebels" or payrolled oil boogeymen came out to play, crude futures scared up +1.6% over $63 at a 2.5 month high on the news.
UMich Consumer Sentiment Nov down to 90.2 vs prior 92.1
Inside the number: The decline was concentrated in the outlook for six months ahead. The expectations index slipped to 78.6 from 83.2. Current conditions index rose to 108.2 from 106.0.
Non Farm Payrolls Nov +132K vs prior +79K Full Report
Inside the number: Sept & Oct revised upwards for a net gain of 42K. Unemployment rising to 4.5 vs 4.4%. Bonds sold off as the news does not favor a near term Fed rate cut.
Less durable economy jobs: Factory employment -15K, goods producing sectors -40K, construction jobs -29K. More non benefit, low paying McJobs: retail employment +20K, service sector +172K
The Nigerian "rebels" or payrolled oil boogeymen came out to play, crude futures scared up +1.6% over $63 at a 2.5 month high on the news.
UMich Consumer Sentiment Nov down to 90.2 vs prior 92.1
Inside the number: The decline was concentrated in the outlook for six months ahead. The expectations index slipped to 78.6 from 83.2. Current conditions index rose to 108.2 from 106.0.
Non Farm Payrolls Nov +132K vs prior +79K Full Report
Inside the number: Sept & Oct revised upwards for a net gain of 42K. Unemployment rising to 4.5 vs 4.4%. Bonds sold off as the news does not favor a near term Fed rate cut.
Less durable economy jobs: Factory employment -15K, goods producing sectors -40K, construction jobs -29K. More non benefit, low paying McJobs: retail employment +20K, service sector +172K
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