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Economic data from the US and eurozone point to higher interest rates
at 2006-07-09 19:43:03
It looks like those waiting for a pause from the Federal Reserve may have to be patient. From Reuters:
In a sign of strong manufacturing and business spending, factory orders climbed 0.7 percent in May despite a drop in orders for transportation equipment, Commerce Department data showed...
Excluding transportation, orders advanced 1.2 percent in May. Factory orders were also higher when defense equipment was stripped out, growing 0.8 percent in the month...
Orders for durable goods, expensive items meant to last three years or more, slipped 0.2 percent, an improvement from the originally reported 0.3 percent decline...
Another report showed U.S. private sector employers created an estimated 368,000 jobs in June, compared with 122,000 jobs in the previous month...
Meanwhile, U.S
US service sector slows, ECB and BoE leave rates unchanged, BoJ may not
at 2006-07-09 19:43:03
The US service sector slowed in June, but apart from that, yesterday's data did not indicate much of a slowdown in the US economy. Reuters reports:
The Institute for Supply Management said on Thursday its non-manufacturing business activity index fell to 57.0 in June, the lowest level since January. The June figure was below May's 60.1 and the median forecast of 59.0 among economists polled by Reuters...
Earlier Thursday, the government reported that new claims for U.S. unemployment benefits unexpectedly slipped by 2,000 last week, signaling a solid U.S. job market. The jobless claims reinforced the view of strong private-sector job growth signaled by data in the ADP National Employment Report released on Wednesday...
Pending sales of U.S. homes increased unexpectedly in May, reversing three straight
June job growth weaker than expected in US and Canada, economic outlook brighter for Japan and Europe
at 2006-07-09 19:43:02
Yesterday's US employment report may be softer than expected but it failed to provide a clear signal on the inflation front. From Reuters:
U.S. employers added a fewer-than-expected 121,000 workers to their payrolls last month, but the jobless rate stayed at a five-year low and hourly earnings rose, a government report showed on Friday.
The Labor Department's employment report was a modest improvement over May's revised gain of 92,000 jobs and pointed to a cooling of U.S. economic growth.
However, the 3.9 percent year-over-year gain in average hourly earnings -- the largest in five years -- and the 4.6 percent unemployment rate heightened expectations that rising wages may weigh on the inflation-wary Federal Reserve...
Average hourly earnings rose 8 cents, or 0.5 percent, while the average
A Primer on Spring-Loaded and Back-Dated Options
at 2006-07-09 19:43:01
The last few weeks have seen a large number of stories of companies who have "back dated" executive stock options. For those of you who've been living in a cave (or simply weren't all that familiar with options), an executive stock option give the executive the right to purchase (i.e. ...
A Primer on Springloading and Backdating Options
at 2006-07-09 19:43:01
The last few weeks have seen a large number of stories of companies who have "back dated" executive stock options. For those of you who've been living in a cave (or simply weren't all that familiar with options), an executive stock option give the executive the right to purchase (i.e. ...
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