Investment Markets Overview – w/e 7 March 2014

Over the past few weeks, economists including the new Fed Chair Yellen have pointed toward the winter weather as the reason for the recent economic slowdown, but the latest US Non-farm payrolls appears to refute that theory, particularly as weather-sensitive construction jobs picked up. In total, 175,000 jobs were added in February against the consensus forecast of 163K and the January number was also revised higher to129,000 from the initial 113,000 stated. Digging a little deeper, private payrolls came in at 162,000 against the expected 170K but were an improvement on January’s 145,000.The “official ” unemployment rate increased to 6.7% in February from 6.6% in January but the average working week fell once again, to 34.3 hours, which, along with the increase in part-time positions, is put down to employers’ response to the Affordable Care Act, better known as Obamacare.

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Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:

  • US economic data . . .
  • Euro-Zone   . . .
  • The UK . . .
  • Out East   . . .
  • The $US index  . . .
  • Within the commodities complex  . . .
  • Economic data due next week includes  . . .
  • Returning to the economic health of the US, household wealth increased in Q413 by $US2.95 trillion, or 3.8% to a record $80.7trillion, according to the Federal Reserve financial accounts report  . . .

Charts:

  1. Indices Weekly
  2. US ISM Manufacturing vs US Trade Balance
  3. E-Z Retail Sales vs E-Z GDB
  4. OZ GDP Q on Q vs CCI Commodity Index
  5. Commodity 1 Week Moves

Table:                

13 Indices, 11 columns of detailed information, for accurate analysis

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“Debt appears to have no limits, until it does

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Click  HERE to view Details of the full version of this Newsletter which includes full text and detailed Charts for each section

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