Thursday, July 26, 2012

Morning Journal - Geithner up to his ears in Libor


This Week’s Data

June new home sales fell 8.3% versus expectations of a 1.6% increase.

Weekly jobless claims fell 33,000 versus estimates of a 6,000 decline; seasonal adjustments continue to heavily influence these numbers.

June durable goods orders rose 1.6% versus forecasts of up 0.6%; however, ex transportation orders, they dropped 1.1% versus an anticipated increase of 0.2%.