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[briarberry] 17/10/2009 22:59

Santa may have less in his sacks this year...


Imports dive at ports of Los Angeles and Long Beach

They report their worst combined import statistics in nine years for September, which is often the busiest month at the nation's biggest port complex.
...

Through the first half of 2009, each of the world's 17 biggest shipping lines were in the red, according to Paris-based AXS-Alphaliner, which maintains online databases for shipping industry professionals

Denmark-based APM-Maersk had losses of $540 million. Cosco Container Lines of China lost $671 million. Hapag-Lloyd, Germany's biggest container line, lost $680 million. NYK of Japan posted net losses of $694 million, AXS-Alphaliner research shows.

[briarberry] 17/10/2009 22:38

World CPI

Consumer prices in the EU rose +0.3% YoY
Canada's consumer prices fell -0.9% YoY
Poland, Consumer Price Index, September: +3.40%
Hungary, Consumer Price Index, September: +4.9%
Brazil, Consumer Price Index, September: +4.3%
Mexico, Consumer Price Index, September: +4.9%
Japan's consumer price index fell -2.4%, the fastest pace on record
UK CPI dropped to an annual rate of +1.1% in September from +1.6% in August.

India's wholesale prices rose for the fifth straight week after declining for three months, and consumer-price inflation is already running above +10 percent.

Chinese consumer prices in August fell -1.2 percent from a year earlier compared with a decline of -1.8 percent in July

[briarberry] 17/10/2009 21:56

World trade, some improvement. Although given the bailouts, stimulus and low rates you would have expected some improvement ?

A collection of mindless statistics for the weekend


EU exports fell 20% in August YoY (16th October)

USA Year-on-year, overall exports rose to minus 20.7 percent from minus 22.2 percent in July while imports improved to down 28.6 percent from minus 30.3 percent the prior month. (Released on 9th October)

SHANGHAI (AP) - The slump in China's exports eased in September in a sign global trade is improving and bolstering the government's efforts to sustain an economic recovery.

Exports from the world's third-largest economy in September fell 15.2 percent year-on-year to $115.9 billion, the slowest decline in nine months, the customs agency said Wednesday. Imports declined by 3.5 percent to $103 billion -- the smallest drop since imports started to slide in November last year.

Both drops were improvements over August, when exports contracted 23 percent and imports fell 17 percent.


September 24 – (Bloomberg) (Kartik Goyal): "India's merchandise exports dropped 19.7% in August from a year earlier... That compares with an average 30% slide in the six months through July."

September 24 - (Bloomberg) - Japan's exports fell for an 11th month in August as the economic recovery struggled to gain traction

Shipments abroad dropped 36 percent from a year earlier compared with a 36.5 percent decline in July, the Finance Ministry said today in Tokyo. From a month earlier, exports fell 0.7 percent, the second straight decrease.

[briarberry] 17/10/2009 20:50

US CPI is still above 5% by this measure

The CPI on the Alternate Data Series tab here, reflects the CPI as if it were calculated using the methodologies in place in 1980.


US CPI is still around 2% by this measure

The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990.


Officially US CPI is negative YoY

The CPI index has decreased 1.3 percent over the last 12 months on a not seasonally adjusted basis.

[briarberry] 16/10/2009 21:10

The U.S. government ran a deficit of $1.4 trillion in fiscal 2009, the Treasury and the White House said Friday, smaller than predicted in August but more than triple the $455 billion shortfall recorded in 2008.

Treasury International Capital

Total net flows, which include short-term securities predominately Treasury bills, were up $10.2 billion vs. an outflow of $107.7 billion in July.

Chinese holdings of long-term and short-term Treasuries are flat, at $797.1 billion vs. July's $800.5 billion.

[briarberry] 15/10/2009 21:02

Google Q3 net income $5.13 vs $4.06
Google Q3 revenue $5.94 bln vs $5.54 bln

IBM Q3 net income $2.40 vs $2.04
IBM Q3 revenue $23.57 bln vs $25.3 bln

AMD Q3 loss 18c vs 22c last year
AMD Q3 revenue $1.4 bln vs $1.8 bln

[briarberry] 15/10/2009 16:11

Goldman Sachs Group said Thursday that its third-quarter profit rose to $3.19 billion, or $5.25 a share, from $845 million, or $1.81 a share, in the year-ago period.
Third-quarter net revenue rose to $12.37 billion, from $6.04 billion a year ago.
Goldman said third-quarter compensation and benefits rose 84% from the comparable period last year to $5.35 billion.


Citigroup reported a $3.24 billion loss

Nokia on Thursday reported an unexpected 559 million euro ($836 million) loss for the third quarter. Sales fell 20% to 9.81 billion euros.

Southwest Airlines lost $16 million during the third quarter

Harley-Davidson Inc. said Thursday that its third-quarter profit slid 84 percent

[briarberry] 14/10/2009 17:04

Oct15 GS, C, IBM, GOOG

[briarberry] 14/10/2009 16:58

Dollar loses reserve status to yen & euro

B.S. Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.

Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago.

Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund.

[briarberry] 14/10/2009 15:21

Wall Street Setting New Pay Records

Just one year from the much discussed "death of Wall Street," major U.S. banks and securities firms are set to pay their employees about $140 billion this year, according to a study by the Wall Street Journal. That's a record level, just passing the pay levels of the boom year of 2007.

£14.6billion: That's the record amount Goldman Sachs staff will get in pay and bonuses

[briarberry] 14/10/2009 14:31

China - In September, new loans rose to 516.7 billion yuan ($75.8 billion), up 34 percent year-on-year.

[briarberry] 14/10/2009 13:51

China - A real sign of recovery ? Although will have to wait and see what happens once the stimulus runs out...


SHANGHAI (AP) -- The slump in China's exports eased in September in a sign global trade is improving and bolstering the government's efforts to sustain an economic recovery.

Exports from the world's third-largest economy in September fell 15.2 percent year-on-year to $115.9 billion, the slowest decline in nine months, the customs agency said Wednesday. Imports declined by 3.5 percent to $103 billion -- the smallest drop since imports started to slide in November last year.

Both drops were improvements over August, when exports contracted 23 percent and imports fell 17 percent.

[briarberry] 14/10/2009 13:31

U.S. Sept retail sales fall -1.5% (prior revised down to +2.2% from +2.7%)
U.S. Sept. retail sales ex-autos up 0.5%

U.S. Sept. nonfuel import prices up 0.6% m/m

[briarberry] 13/10/2009 23:51

Earnings reports - business revenues all reported down so far, suggests US GDP is down.

Although the official Q3 GDP number will be spun +ve no doubt.

[briarberry] 13/10/2009 21:16

Intel Q3 net income 33c vs 35c
Intel Q3 revenue $9.39 bln vs $10.22 bln

[briarberry] 13/10/2009 13:44

October 9 – Bloomberg (Cherian Thomas): "India's Finance Minister Pranab Mukherjee said that the central bank shouldn't "compromise" on the nation's economic growth in its efforts to tame inflation."

October 8 – Bloomberg (Kartik Goyal): "India's wholesale prices rose for a fourth week, making it harder for central bank Governor Duvvuri Subbarao to keep interest rates low and boost economic growth without fanning inflation."

[briarberry] 13/10/2009 13:39

GS might have done well ?

Goldman Sachs, which is due to report third-quarter results on Oct. 15, may say it earned $4.46 a share in the period, according to the report. The New York-based bank posted record earnings in the second quarter.

Goldman Sachs's profit probably almost tripled to $2.3 billion, according to the average estimate of analysts surveyed by Bloomberg. Revenue from trading has surged to a record as competitors including Morgan Stanley scaled back their riskiest bets.

[briarberry] 12/10/2009 23:53

Bank earnings, I wonder if this is true ?

JPMorgan reports its third-quarter earnings on Oct. 14. Seven analysts surveyed by Bloomberg expect the bank to post a profit of $2 billion, down 27 percent from the second quarter. Citigroup, which reports the next day, is estimated by eight analysts to post a loss of $2.5 billion after recording a $4.3 billion profit in the second quarter when it sold a controlling stake in its Smith Barney brokerage.

Bank of America's earnings are expected to drop 95 percent from the second quarter to about $165 million when the lender announces results on Oct. 16, according to the mean estimate of 10 analysts. Eight analysts estimate Wells Fargo will post net income of $2.1 billion on Oct. 21, down 34 percent from its record earnings the previous quarter.

[briarberry] 12/10/2009 20:58

Corn, oats & wheat all up over 5% today, but does it mean anything ?

(Just a TA bounce or a sign of reflation?)

[briarberry] 09/10/2009 23:47

Germany. Exports were down 20% compared with the same month of 2008 while imports were 19.3% lower.

[briarberry] 09/10/2009 15:32

Year-on-year, overall exports rose to minus 20.7 percent from minus 22.2 percent in July while imports improved to down 28.6 percent from minus 30.3 percent the prior month.