Category Archives: Uncategorized

August 17th 2011 CNBC Stock Market Squawk Box (PPI Producer Price Index)

Posted on by
8/17/2011 – CNBC Stock Market Squawk Box (PPI Producer Price Index). Producer price inflation surprised on the high side despite a softening in energy costs. The culprits included food, motor vehicles, and tobacco. Producer prices in July rebounded 0.2 percent, following a 0.4 percent drop the month before. The July pace came in higher than the market median estimate for no change. By major components, energy dipped 0.6 percent after a 2.8 percent fall in June. Gasoline declined 2.8 percent after dropping 4.7 percent the month before. In contrast, food costs jumped another 0.6 percent, following a rebound of 0.6 the previous month. At the core level, PPI inflation accelerated to a 0.4 percent rise after jumping 0.3 percent in June. Analysts had forecast a rise of 0.2 percent. Strong gains were seen in tobacco products, light trucks, and pharmaceutical preparations. Nearly one-quarter of the July advance can be attributed to a 2.8 percent increase in prices for tobacco products. Light truck prices jumped 1.0 percent in the latest period while pharmaceutical preparations surged 3.2 percent. Passenger car prices rose but a more moderate 0.2 percent. Still, shortages of motor vehicle models dependent on parts from Japan continued to put upward pressure on prices. For the overall PPI, the year-ago pace in July posted at 7.2 percent, compared to 7.0 percent in June (seasonally adjusted). The core rate in July rose to 2.5 percent from 2.3 percent the month before (seasonally <b>…</b>
Views:
0
0
ratings
Time:
15:01		 More in
News & Politics

#763 A Breather in the Action. Oscar calls for S&P to move lower Wednesday

Posted on by
TV INTERVIEWS: livewithoscar.com Click here to sign up for OMNI CAMP: livewithoscar.com Visit our Website: www.LiveWithOscar.com Open a Trading Account with Oscar livewithoscar.com Follow Us on Twitter: www.Twitter.com Add us on Facebook: www.facebook.com Upload your charts to: www.ChartUpload.com Tags futures options broker online trading managed bestdirect CTA charts commodities commodity daytrading forex on line software simulated electronic eminis free oscar live with omni bull bear finance economy bernanke cramer cnbc bloomberg fed buffett financial wall st business cbot nymex nybot comex amex sec securities etrade scottrade account currencies etf stocks emini s&p fx nasdaq nq qqqq aapl goog alpha market mkt bullish bearish stock-market analysis indicators technical gold investment
Views:
170
4
ratings
Time:
10:44		 More in
Education