Saturday, March 23, 2019
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Investor Resources
Daily Market Movers
The following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
Commodity Calendar
BB: Germany’s manufacturing slump deepened this month amid tensions in global trade. The March PMI for the sector fell to 44.7, the lowest since 2012 and well below economists’ expectation of 48. That’s the third consecutive reading below 50, which indicates contraction. Gauges for new orders and employment declined.
BB: China is creating a four-day break in May, as the government works to stoke consumption. The May Day holiday starts on Wednesday, May 1 this year will be extended through Saturday, but people will have to work on the Sundays before and after to make up for the weekdays off.
MW The March Philadelphia Fed index was better than expected at 13.7 vs -4.1 in February, indicating current manufacturing activity in the region is improving as both the new orders and shipments indexes also increased this month.
WS: With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.
WS:The Federal Reserve held its benchmark interest rate steady Wednesday, and a majority of officials signaled they might not raise the rate at all this year. The central bank also said that in May, it would slow the pace at which it is shrinking its $4 trillion asset portfolio and end the runoff of its Treasury holdings at the end of September
BB: The March German Investor confidence index was better than expected at -3.6, improving for a fifth straight month, suggesting Europe’s largest economy will shake off its weakness as the year progresses. .
BB: Japan’s exports fell more than expected ans for a third straight month in February by -1.2% vs -8.4% in January, as a global economic slowdown and waning technology cycle take a toll. Autos were the biggest drag, while semi-conductor related goods also weighed heavily.
Economic Reports for the Week ending Friday March 22, 2019
Mon: 10:00 Mar NAHB Housing Price Index (C) on est 62
Tue: 10:00 Jan Factory Orders (C) est +0.2% vs +0.1%  
Wed: 07:00 MBA Mortgage Index (3/16) +1.6% vs +2.3%
14:00 Mar FOMC decision  
Thur: 08:30 Initial Claims (D+) (3/9) on est 221K vs revised up 230K
08:30 Mar Philadelphia Fed (B) better than est13.7 vs -4.1
10:00 Feb Leading Indicators (C) on est +0.2% vs -0.1%  
Fri: 10 00 Feb Existing Home Sales (C) bette'r than est 5.51M vs revised down 4.93M
10:00 Jan Wholesale Inventories (D) +1.2$% vs +1.1%
14:00 Feb Treasury Budget (C) worse than est -$234.B vs -$215.2B  
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838

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