Financial market summary – Feb 2012

Consumer Debt Consumer Debt

Author: Rahul Prasad, OnTo!T consulting

February 24th

  • Thomson Reuters/University of Michigan final index of consumer sentiment increased to 75.3 from 75 in January
  • UK GDP shrinks 0.2% in Q4.
  • Sales of new single-family houses in January 2012 were at 321,000, below the revised December rate of 324,000, but is 3.5 percent above the January 2011 estimate of 310,000.

February 23rd

  • Applications for jobless benefits were unchanged in the week ended Feb. 18 at 351,000, the fewest since March 2008
  • Meanwhile, Europe is on continues to struggle as European Commission forecasts a mild recession for FY12
  • UK, Canada, Japan express concern over Volker rule. Say trading restrictions to affect Sovereign debt market. Focus shifting away from reducing systematic risk in the system.

February 22nd

  • Dell falls after missing sales forecast
  • Same store sales up 3.0% week-o-week
  • Existing-home sales, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7 percent above a spike to 4.54 million in January 2011

February 21st

  • Greece finally gets a bailout
  • Oil continues its rise on Iran and Greek bailout
  • OECD growth slows to 0.1% in Q4

February 17th

  • Index of leading US indicators rise 0.4% in January
  • US CPI for January at 0.2%
  • Canadian inflations quickens to 2.5% in January
  • Germany expresses confidence on Greek deal

February 16th

  • Jobless claims in US fall to 4-year low of 348,000
  • GM reports highest ever profits
  • Eurozone into recession; GDP contracts 0.3% in Q4

February 15th

  • Output at US factories rose 0.7 percent after a revised 1.5 percent gain in December, figures from the Federal Reserve indicate
  • LIBOR fixing charges laid against six big banks
  • Capital One purchases ING direct

February 14th

  • US retails sales rise less than forecast. Gain of 4% reported by commerce department.
  • Investor sentiment turns positivei n Germany in spite  of  lackluster Eurozone industrial production
  • Bank of Japan sets 1% inflation target; to ease further

February 10th

  • Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January
  • Chinese imports fall 15.3% in January

February 9th

  • US bank reach $25 billion agreement over foreclosure abuse deal
  • Greek talks still in limbo
  • Chinese inflation higher than expected
  • In the week ending February 4, the seasonally adjusted was 358,000, a decrease of 15,000 from the previous week’s revised figure of 373,000

February 8th

  • German exports slide 4.3% in December

February 7th

  • German industrial production plunges 2.9% in December
  • Same-store sales up 1.8% during the week
  • Consumer credit on the rise in US’ up 7.5% in Q4 and 9.25% in December

February 6th

  • Greek debt talks continue to drag
  • German factory orders rise 1.7% in December

February 3rd

  • After Sony, Panasonic turns in loss
  • January 2012 Non-Manufacturing ISM NMI at 56.8%
  • US nonfarm payrolls rise 243,000; jobless rate drops to 8.3%

February 2nd

  • Spanish Yields on 3-year bonds fell to 2.86%
  • Sony turns in loss; strong yen hurts
  • Deutsche Bank earnings fall due to Greek writedowns and trading
  • US auto sales surge 11% in January
  • US initial jobless claims fall 12,000 to 367,000

February 1st

  • Facebook files for $5.0B IPO; Mcap of $80B
  • ADP reports US nonfarm private payrolls up 170,000
  • EU manufacturing PMI at 48.8 from 46.9 in December
  • Chinese PMI at 50.5 from 50.3 in December
  • Amazon net plunges due to higher spending

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Teddy

Content Writer

With a background in consumer research and psychology, Atul has a passion for anything dealing with human behavior. Evolutionary theorist at heart, he likes to examine consumers from a survival point of view.

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About Teddy
With a background in consumer research and psychology, Atul has a passion for anything dealing with human behavior. Evolutionary theorist at heart, he likes to examine consumers from a survival point of view.
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