Trade balance was better, still negative, but not as negative.
Initial Jobless Claims were better, Continuing Claims were better, but supposedly the numbers are kind of iffy due to state offices being affected by SuperStorm Sandy.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
Trade Balance | SEP | -$45.0B | -$41.5B | -$44.2B | -$43.8B |
Initial Jobless Claims | NOV 3 | 365K | 355K | 363K | |
Continuing Claims | OCT 27 | 3257K | 3127K | 3263K | 3262K |
TRADE DEFICIT
The U.S. trade deficit unexpectedly narrowed in September to the lowest level in almost two years as exports climbed to a record.
The gap shrank 5.1 percent to $41.5 billion, the smallest since December 2010, from $43.8 billion in August, Commerce Department figures showed today in Washington. The increase in sales to overseas buyers was broad-based, with everything from soybeans to fuel and civilian aircraft showing gains.
Growing demand from emerging markets in South and Central America may be helping to overcome a slowdown in Europe and China that is hurting companies such as Emerson Electric Co. At the same time, imports also climbed as U.S consumers are beginning to spend more as the job market stabilizes.
JOBLESS CLAIMS
Fewer Americans than forecast filed claims for unemployment insurance last week as the effects of Hurricane Sandy started to show up.
Applications for jobless benefits fell by 8,000 to 355,000 in the week ended Nov. 3, the Labor Department said today in Washington. One state said the loss of electricity due to the storm suppressed filings, while others said workers who lost their jobs as a result of the weather were starting to apply, a Labor Department spokesman said as the data were released to the press.
It may take three to four weeks to see the full impact, the spokesman said, which indicates claims may jump back in coming weeks as more storm-related applications begin to be processed.
YESTERDAY’S MARKET: A whole lot of red numbers
Not exactly a rousing endorsement of the election and the likelihood of satisfactorily addressing the fiscal cliff.
Description | Ticker | Last | CHANGE | % Chg Today | Pct Chg 1Yr |
| | | | | |
STOCK MARKETS | | | | | |
Dow Jones Industrial Average | INDU Index | 12932.730 | -312.9500 | -2.3627 | 6.2657 |
S&P 500 Index | SPX Index | 1394.530 | -33.8600 | -2.3705 | 9.2957 |
NASDAQ Composite Index | CCMP Index | 2937.288 | -74.6450 | -2.4783 | 7.6920 |
Russell 3000 Index | RAY Index | 824.050 | -19.7400 | -2.3394 | 9.1269 |
Russell 2000 Index (Small) | RTY Index | 804.520 | -21.2900 | -2.5781 | 6.5208 |
S&P 400 Mid Cap Index | MID Index | 981.310 | -21.6000 | -2.1537 | 8.2120 |
S&P 600 Small Cap Index | SML Index | 466.570 | -2.3100 | -0.4900 | 9.0265 |
TREASURIES | % Yield | | | | |
3 Month Treasury | 0.0966 | | -0.0050 | -5.2632 | |
6 Month Treasury | 0.1420 | | 0.0000 | 0.0000 | |
2 Year Treasury | 0.2659 | 99.969 | 0.0078 | 0.0078 | |
5 Year Treasury | 0.6636 | 100.414 | 0.0547 | 0.0545 | |
10 Year Treasury | 1.6710 | 99.547 | 0.0977 | 0.0982 | |
30 Year Treasury | 2.8310 | 98.328 | -0.1094 | -0.1111 | |
ENERGY | | | | | |
Crude Oil, Brent Index | Brent Crude | 107.580 | 0.7600 | 0.7115 | -0.5907 |
Crude Oil, Louisiana Lt. Sweet | LA Lt Sweet | 105.440 | -4.5700 | -4.1542 | -8.7300 |
Natural Gas, Henry Hub Index | Nat Gas | 3.535 | -0.0430 | -1.2018 | -20.0361 |
PRECIOUS METALS | | | | | |
Spot Gold $/oz | GOLD | 1718.000 | 0.2500 | 0.0146 | -3.8583 |
Spot Silver $/oz | SILVER | 31.855 | 0.0300 | 0.0943 | -8.9129 |
CURRENCIES | | | | | |
Euro | EUR Curncy | 1.274 | -0.0034 | -0.2662 | -7.9448 |
Japanese Yen | JPY Curncy | 79.890 | -0.1000 | -0.1250 | -2.6794 |
British Pound | GBP Curncy | 1.599 | 0.0007 | 0.0438 | -0.6401 |
Swiss Franc | CHF Curncy | 0.947 | 0.0019 | 0.2011 | -5.4810 |
Canadian Dollar | CAD Curncy | 0.997 | -0.0001 | -0.0100 | 1.2242 |
Chinese Yuan | CNY Curncy | 6.258 | 0.0110 | 0.1761 | 1.4560 |
FOREIGN INDICIES | | | | | |
FTSE 100 INDEX | UK | 5807.030 | 15.4000 | 0.2659 | 4.3859 |
CAC 40 INDEX | FRANCE | 3433.590 | 24.0000 | 0.7039 | 9.2330 |
DAX INDEX | GERMANY | 7264.320 | 31.4900 | 0.4354 | 21.8999 |
NIKKEI 225 INDEX | JAPAN | 8837.150 | -135.7400 | -1.5128 | 2.0986 |
HANG SENG INDEX | HONG KONG | 21566.910 | -532.9400 | -2.4115 | 9.5965 |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
Ph: 225-342-0013
Fx: 225-342-9721
Email: jbroussard@treasusry.state.la.us
Street Address:
445 North Blvd, 7th Floor
Baton Rouge, LA 70802
Mailing Address:
P.O. Box 44154 Capitol Station
Baton Rouge, LA 70804-4154
Physical Location:
One City Plaza, 7th Floor
Corner of North Blvd & 4th Street
Exit 1B I-110 Convention Street,
Turn Left to get to North Blvd,
Turn Right on North Blvd
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