Market Analysis

Economic Diary:
Week Commencing 24/02/14


Monday 24 February

Indicator Previous Expected Actual
IFO Business Climate IFO Business Climate Chart 110.6 110.6
IFO Current Conditions IFO Current Conditions Chart 112.4 112.8
IFO Expectations IFO Expectations Chart 108.9 108.2
CPI Final Month on Month CPI Final Month on Month Chart 0.3% -1.1%
CPI Final Year on Year CPI Final Year on Year Chart 0.7% 0.7%

Corporate Statements


Tuesday 25 February

Indicator Previous Expected Actual
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.4% 0.4%
GDP Year on Year GDP Year on Year Chart 1.3% 1.3%
Consumer Confidence   98.0 98.5
Retail Sales Month on Month (sa) Retail Sales Month on Month (sa) Chart 0.00%
Retail Sales Year on Year (nsa) Retail Sales Year on Year (nsa) Chart 0.10%
Consumer Confidence Consumer Confidence Chart 80.7 80.3

Corporate Statements

Flag of the USA
Aircastle, Alliant Energy Corp, American Tower Corp, Annaly Capital Management Inc, EXCO Resources, Firstenergy, HollyFrontier, Home Depot (All Sessions), Newfield Exploration Company, Office Depot, Sturm and Ruger Co, Toll Brothers, US Silica Holdings Inc
Flag of Great Britain
Clean Air Power, Croda International, Elementis, Ladbrokes, Persimmon, Provident Financial

Wednesday 26 February

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart 8.2 8.2 8.5
GDP 2nd Release Quarter on Quarter   0.7% 0.7% +0.7%
GDP 2nd Release Year on Year GDP 2nd Release Year on Year Chart 2.8% 2.8% +2.7%
New Home Sales-Units Month on Month New Home Sales-Units Month on Month Chart 0.414mln 0.400mln 0.468mln

Corporate Statements

Flag of the USA
Aberc Fitch A, American Water Works Co, Barnes & Noble Education, Inc, Cablevision Systems, Chesapeake Energy, Clean Harbors , Continental Res, Delek, DineEquity, Halcon Resources, J C Penney Co, Parker Drilling, Red Lion Hotels, Roundy's Inc, The AES Corp
Flag of Great Britain
Avingtrans, Bankers INV TST, CSR, Direct Line Insurance Group, EKF Diagnostics Holdings, Gooch & Housego, Greggs, Hays, Henderson Group, International Personal Finance, Microgen, Personal Assets Trust, Quarto Group, Restaurant Group, Safestore Holdings, Segro, Stagecoach Group, Taylor Wimpey, The Vitec Group, TR European Growth Trust, Weir Group

Thursday 27 February

Indicator Previous Expected Actual
Consumer Confidence Consumer Confidence Chart 86 86 85
Unemployment Change (sa) Unemployment Change (sa) Chart -28k -10k -14k
Unemployment Rate (sa) Unemployment Rate (sa) Chart 6.8% 6.8% 6.8%
Services Sentiment Services Sentiment Chart 2.3 2.5 3.2
Consumer Confidence Consumer Confidence Chart -11.7 -12.7 -12.7
Industrial Sentiment Industrial Sentiment Chart -3.9 -4.0 -3.4
Economic Sentiment Economic Sentiment Chart 100.9 100.9 101.2
Business Climate Business Climate Chart 0.19 0.20 0.37
CPI Final Month on Month   -0.6% 0.6% 0.5%
Weekly Jobless Claims Weekly Jobless Claims Chart 336k 335k 348k
Durable Goods   -4.2% -1.5% -1.0%
PMI Manufacturing   56.6 55.5
CPI Core Nationwide Year on Year CPI Core Nationwide Year on Year Chart 1.3% 1.2% +1.3%
CPI Overall Nationwide CPI Overall Nationwide Chart 1.6% +1.4%
Unemployment Rate Unemployment Rate Chart 3.7% 3.7% 3.7%
Industrial Production Prelim   0.9% 3.0% +4.0%
Retail Sales Year on Year Retail Sales Year on Year Chart 2.6% 3.8% +4.4%

Corporate Statements

Flag of the USA
Air Lease Corporation, Best Buy Co Inc, Entertainment Prop Tr, Esterline Technologies, Fortress Invest, Gain Capital, Gap Inc, Hercules Technology Growth, Hilton Worldwide, KBR, Kodiak Oil and Gas, Natl Semiconduct, Ocwen Financial, Pall Corp, Salesforce.Com, SandRidge Energy, Sempra Energy, Sotheby's, Southwestern Energy, Spirit Realty Capital Inc, The St Joe Company, Willbros Group, Inc., WPX Energy
Flag of Great Britain
Bodycote, British American Tobacco, Capita, Chemring Group, Costain Group, Countrywide, Derwent London, Domino's Pizza Group, H&T Group, Helphire Group, Impellam Group, Jupiter Fund Management, Kazakhmys, Lavendon Group, MAN Group, National Express Group, Promethean World, Barratt Redrow, Ricardo, Royal Bank Of Scotland Group, RPS Group, RSA Insurance Group, Silence Therapeutics ADS, Spirent Communications, Standard Life, Whitbread, Xchanging, Zytronic

Friday 28 February

Indicator Previous Expected Actual
GFK Consumer Confidence GFK Consumer Confidence Chart -7 -7 -7
House Price Index Month on Month (Nationwide) House Price Index Month on Month (Nationwide) Chart 0.7% 0.6% 0.6%
House Price Index Year on Year (Nationwide) House Price Index Year on Year (Nationwide) Chart 8.8% 8.9% 9.4%
Retail Sales Year on Year Retail Sales Year on Year Chart -2.4% -1.2% 0.9%
Retail Sales Month on Month Retail Sales Month on Month Chart -2.5% 1.0% 2.5%
PPI Month on Month PPI Month on Month Chart 0.2% -0.6%
Unemployment Rate   12.7% 12.7% 12.9%
Unemployment Rate Unemployment Rate Chart 12.0% 12.0% 12.0%
PCE Prices PCE Prices Chart 0.7% 0.7% +1.0%
PCE Core Prices PCE Core Prices Chart 1.1% 1.1% +1.3%
GDP Deflator GDP Deflator Chart 1.3% 1.3% +1.6%
GDP Consumer Spending GDP Consumer Spending Chart 3.3% +2.6%
GDP Sales GDP Sales Chart 2.8% 2.5% +2.3%
GDP GDP Chart 3.2% 2.5% +2.4%
GDP Month on Month GDP Month on Month Chart 0.2% -0.3% -0.5%
GDP Quarter on Quarter GDP Quarter on Quarter Chart 0.7% +0.7%
GDP Quarter on Quarter Annualised GDP Quarter on Quarter Annualised Chart 2.7% 2.5% +2.9%
Chicago PMI Chicago PMI Chart 59.6 57.0 59.8
Univ Michigan Sentiment Univ Michigan Sentiment Chart 81.2 81.3 81.6
Univ Michigan Conditions Univ Michigan Conditions Chart 94.0 94.0 95.4
Univ Michigan Expectation Univ Michigan Expectation Chart 73.0 73.0 72.7
Pending Home Sales Month on Month Pending Home Sales Month on Month Chart -8.7% 2.0% +0.1%

Corporate Statements

Flag of Great Britain
Beale, Berendsen, Interserve, Laird, Old Mutual, Pearson, Punch Taverns, Rightmove
Flag of the USA
3D Systems Corp, Iron Mountain Incorporated, Newcastle Investment, NRG Energy, Pepco Holdings, The Progressive

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