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10/27/2014
In the US, the Chicago Fed National Activity Index and the Leading Economic Index, showed positive signs for current and future growth. Headline and core CPI increased just 0.1 percent in September, leaving the year-ago rates unchanged at 1.7 percent. Existing home sales perked up, but still 1.7% lower than year-ago levels. While mortgage applications also increased, they are 9.9% lower than a year ago.
The data are mixed for global economy. The year-over-year rate of Chinese GDP growth slowed to 7.3 percent in the third quarter, making it the slowest annual growth since 2009. In the United Kingdom, real GDP growth slowed to a 2.8 percent annualized rate. Eurozone manufacturing PMI returned to above 50 (indicating an expansion), but it is still weak at 50.7.