What happened this past week

Its been a relatively quiet week, other than local domestic issues not regarding to the stock market to whine about I haven’t seen much else news to comment on.

Positives:

  • US existing home sales in Aug totals 4.82mm annualized, well above est of 4.56mm and the most since Nov ’09 with months supply falling to 6.1 from 6.4.
  • Thai banks continue to grow in August
  • Spain sells 4.8b euros of 3′s and 10′s, above 4.5b euro target with 82% being cheaper 3′s.
  • BOJ prints money!

Negatives:

  • US initial Jobless Claims total 382k, 7k more than expected and 4 week avg at most since late June.
  • Euro zone mfr’g and services index falls to lowest since June ’09.
  • German ZEW current conditions drops to weakest since June ’10.
  • HSBC China mfr’g PMI remains below 50 for 11th straight month at 47.8 vs 47.6 in Aug, Shanghai index at lowest since Mar ’09.
  • China FDI falls for 9th month in past 10, although not as much as expected in Aug.
  • BOJ prints money!
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