S&P 500 Futures just took another hit at 8:30am (US EST) on the release of the Federal Empire Manufacturing Index.
FEBRUARY EMPIRE MANUFACTURING: -34.65 V -23.75E;
LOWEST READING ON RECORD
Components:
- Prices Paid: -13.79 v -18.18 prior
- New Orders:-30.51 v -22.81 prior – all time low
- Employment:-39.08 v -26.14 prior
- Prices Paid: -13.79 v -18.18 prior
- New Orders:-30.51 v -22.81 prior – all time low
- Employment:-39.08 v -26.14 prior
These are horrific numbers and reflects the economic conditions continue to decline rapidly.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
Wow! You are going above & beyond the call of duty! I had seen some blogs last night talking about FX and some major currency moves, then you post in the middle of the night. Thanks for your info overnight and in the past, it has been very helpful to me. It appears the major concern is potential (inevitable?) sovereign debt default by some eastern European countries, which would then impact the lenders, western European countries? Plus apparently a general “angst” worldwide over the continuing bad economic news on all fronts? Now I wonder if the USA major money center banks (Citibank, Bank of America, et. al.) might be on the hook with eastern Europe? Ugh…