Highlights of news-making events of the past week, from the economy and profits to Europe and interest rates.
The BLS reported that the CPI increased 0.5% and core CPI rose 0.3% in January. The Producer Price Index advanced 0.4% in January. The Commerce Dept. reported that housing starts soared 9.7% and retail sales fell 0.3% in January. The BLS noted both import and export prices climbed in January. The Fed noted industrial production slipped 0.1% in January.
Initial jobless claims rose by 7,000 to 230,000 in the week ended February 10, 2018, according to the Labor Department.
As of February 9, 2018, with 68% of S&P 500 Index companies reporting fourth-quarter earnings, 74% reported positive EPS surprises and 79% posted positive sales surprises, according to FactSet.
The University of Michigan's index of consumer sentiment jumped to 99.9 in February from 95.7 in January. The NFIB Small Business Optimism Index improved in January. The Bloomberg Consumer Comfort Index rose to 57.0 in the week ended February 11, 2018, from 54.4 in the prior week.
Eurostat reported that industrial production grew 0.4% and the euro area posted a trade surplus in December. Euro area GDP increased 0.6% in the fourth quarter. Germany's Federal Statistical Office noted that wholesale prices jumped 2.0% in January. The United Kingdom's Office for National Statistics stated that the CPI's annual rate was 2.7% in January, unchanged from December.
The yield on the 10-year U.S. Treasury note rose.