Good, Bad & The Lovely 10.04.13

Good, Bad and Lovely
The Lovely: The US Gov’t Shutdown… Seriously DC? Hollywood can’t make this up!
Good:
  1. Markets haven’t imploded after the US Gov’t Shutdown…yet
  2. The U.S. ISM Chicago PMI rose to 55.7, topping estimates for 53. Read here
  3. The ISM manufacturing index jumped to the highest level in 2.5 years, easily beating estimates.  Read here
  4. Auto sales in the US remained healthy in Q3 which bodes well for the economy.
  5. Weekly jobless claims rose by 1k to a seasonally adjusted 308k which missed estimates for 314k. Read here
Bad:
  1. The US Government Shutdown
  2. China said its HSBC PMI fell to 50.2, significantly below the flash estimate for 51.2. Read here
  3. The ISM service index slid to 54.4, missing estimates for 57 Read here
  4. ADP said private employers added 166k new jobs last month, missing estimates for 180k new jobs Read here

 

If you enjoyed this post, make sure you subscribe to my RSS feed!