Economic Data

Markets have shifted back to crisis mode amid uncertainty over Italian economic reforms. Three likely scenarios remain after Berlusconi’s upcoming departure; Italian 10-year above 7%. UK September trade data unexpectedly widened, on…

Great data from from the BLS. The average annual wage in New York’s financial industry more than tripled from 1990 to 2009.

"If a country isn’t growing, it’s debt is growing as a result. So, any interest beyond, let's say 2.5%, is a problem. And with Italy's growth shrinking, as a result of the austerity measures they're putting in place, we're beyond it.…

The economic data in the US has been somewhat better of late but the ECRI’s Lakshman Achuthan argues that this is meaningless; you can’t repeal the business cycle. His view is that the indicators pointing to an end of cycle slowing into…

A breakdown of Friday's numbers with net loss and gain by key industry.

Switzerland reports its October consumer prices on Monday. This could be important. The Swiss National Bank's decision to cap the franc took place on the same day that the August CPI was reported (Sept 6). It showed a 0.3%…

Markets are cautiously optimistic ahead of Greek confidence vote, US payrolls and G20. US private payrolls expected to increase by 125k; Greek headlines still likely to drive price action. G20 unlikely to deliver much in terms of policy…

Jobs and the lack of them are top of the agenda for policymakers and increasingly groups of protestors gathered in the financial districts of New York, London, and elsewhere. Unemployment in these countries is in danger of reaching 10%. In…

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases,…

ISM’s October 2011 Manufacturing report on Business came in at 50.8, a level just above contraction. Last month was 51.6.