Russia Archive

Architectural index, Corporate leverage, Saudi oil pricing

Muddling through at depressed levels: Saudis set price. If they decide to hike as below, it will happen: OPEC’s new price hawk Saudi Arabia seeks oil as high as $100 Apr 18 (Reuters) — Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a ...Read More

Factory orders, Cash bonuses, Oil prices

As the chart shows, year over year growth has gone to near 0 since the election, and the hurricane replacement effect has since dissipated: Highlights A big upward revision to core capital goods highlights today’s factory orders report which closes the book on what was a mixed October for manufacturing. The month’s ...Read More

Construction spending, Rig count, Fed US leading index, Flynn news

Up a bit this month but as per the chart it’s bumping along at recession type levels: Highlights It’s not housing that drove construction spending up a very sharp 1.4 percent in October but non-residential activity which had been lagging in this report. Spending on private non-residential construction jumped 0.9 percent in ...Read More

JOLTS, Redbook sales, Rig count, Credit check, NK comment, PMC jersey

Openings higher than hires tells me employers don’t want to pay up, which is also suggested by low wage growth: Highlights In the latest indications of strong, tight conditions in the labor market, job openings rose to a higher-than-expected 6.170 million in July for a 0.9 percent increase from June. Hirings also ...Read More

Mtg purchase apps, Fed’s beige book report, Trump comments

Still soft, also somewhat in line with decelerating bank mortgage lending: Highlights Purchase applications for home mortgages fell a seasonally adjusted 3 percent in the July 7 week, while applications for refinancing fell 13 percent from the previous week to the lowest level since January 2017. The refinance share of mortgage activity ...Read More

Saudi pricing, Euro fx rate, Tooth fairy index, NY Times Trump interview

Looks like Saudis are moving to lower prices? Saudi Aramco Said to Cut Pricing For May Arab Light Oil to Asia By Serene Cheong and Sharon Cho Apr 5 (Bloomberg) — Saudi Aramco sets Arab Light crude differential at 45c/bbl discount to Oman-Dubai benchmark for May sales to Asia, say people with ...Read More

Factory orders, Rail Carloads, Trump comments

Back to slow growth from the lower levels: Durable goods orders: Capital goods: It’s gone from bad to worse. Hard to see how this can continue much longer: Trump’s Wiretap Claims: What We Know and What We Don’t White House sources acknowledge that Trump had no idea whether the claims he was ...Read More

Ryan timeline, Trump remarks

It will be a while before even the discussions begin: House Speaker Paul Ryan said Thursday that Republican lawmakers will try to push through tax reform and infrastructure bills — two key policies for investors — in the spring after focusing on health care. “It’s just the way the budget works that ...Read More

Rental tightness, Trump comments

From the National Multifamily Housing Council (NMHC): Apartment Markets Soften in the January NMHC Quarterly Survey — Apartment markets continued to retreat in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. All four indexes of Market Tightness (25), Sales Volume (25), Equity Financing (33) and Debt Financing ...Read More

Putin, Maryland business activity

Best to all for the New Year, and may our trumped up expectations eventuate! And last chance to make a 2016 PMC donation. Over $47 million raised, and the same $47 million donated. All costs are sponsored so your donation goes directly to Dana Farber for research! click here to donate: ...Read More