Economic and market updates

Economic Update for October 24, 2016

Highlights of news-making events of the past week, from the economy and profits to Europe and interest rates.

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The BLS reported both the CPI and core CPI rose in September. The NAR found existing home sales jumped 3.2% in September. Housing starts fell 9.0% in September, the Commerce Dept. noted. The Fed stated industrial production grew 0.1% in September. The Conference Board Leading Economic Index rose in September. The National Bureau of Statistics of China noted third-quarter GDP jumped 6.7%.


Initial jobless claims increased 13,000 to 260,000 in the week ended October 15, 2016, the Labor Department reported. The four-week moving average was 251,750.


As of October 13, 2016, of the 33 S&P 500 Index companies reporting third-quarter earnings, 27 beat analysts' estimates, according to S&P Dow Jones Indices.


The Bloomberg Consumer Comfort Index slipped to 41.3 in the week ended October 16, 2016, from 42.1 in the prior week.


Eurostat reported that euro area annual inflation rose to 0.4% in September, up from 0.2% in August. The U.K.'s Office for National Statistics noted that consumer prices increased 1.0% and retail sales remained flat in September. Germany's Federal Statistical Office stated that producer prices fell 1.4% in September.


The yield on the 10-year U.S. Treasury note declined. The European Central Bank Governing Council decided to hold rates steady.


  • Political uncertainty surrounding U.S. election cycle
  • Threat of terrorist acts in Europe
  • Constitutional referendum in Italy

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