Recap 2-25-14


Just how much does California produce?


  • Italy Consumer Confidence declined to 97.5 vs 98.5 exp and 98 prev
  • US Consumer Confidence declined to 78.1 in Feb vs 80 exp and 79.4 prev
  • Case-Shiller House Prices rose 13.4% YoY as exp, vs 13.7% prev
  • The Pentagon said it would shrink the US Army to pre-World War Two levels,
  • Toll Brothers revenue beat expectations of $640.7mm. "The freezing, snowy weather of the past two months has impacted our business in the Northeast, Mid-Atlantic and Midwest markets, where about 50% of our selling communities are located. While it is still too early to draw conclusions about the Spring selling season, we remain optimistic based on solid affordability, attractive interest rates, growing pent-up demand and an industry still under-producing compared to both historical norms and current demographics.”

Upcoming Data:

  • Wed: UKGDP, US New Home Sales
  • Thu: EU Money Supply, Canada Current Account, US Durable Goods Orders, Jobless Claims
  • Fri: Month End, Japan Housing Starts, EU Unemployment, CPI, Canada GDP, Chicago PMI, Pending Home Sales, China Mfg PMI
  • Sun: AustraliaMfg PMI, Japan Capital Spending, Australia New Home Sales, China Non-Mfg PMI, Markit Mfg PMI
  • Mon: EU PMI, US Personal Spending, ISM