Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

--Updated: December 13, 2017
                JUN        JUL        AUG        SEP        OCT        NOV
-------------------------------------------------------------------------------
                m/m  y/y   m/m  y/y   m/m  y/y   m/m  y/y   m/m   y/y  m/m  y/y
CPI             0.2  1.6   0.4  1.7   0.1  1.8   0.1  1.8   0.0   1.6  0.3  1.8
PPI             0.0  2.4   0.2  2.3   0.2  2.6   0.3  3.1   0.3   2.7
WPI             0.0  2.5  -0.1  2.2   0.3  3.2   0.6  3.4   0.0   3.0  0.5  3.3
Import Prices  -1.1  2.5  -0.4  1.9   0.0  2.1   0.9  3.0
Retail Sales*   1.0  2.6  -0.5  2.5  -0.3  2.9   0.5  4.1  -1.2  -1.4
Industry
Output         -1.1  2.4   0.0  4.0   2.6  4.7  -1.6  3.6  -1.4   2.7
Mfg Orders      0.9  5.1  -0.4  5.4   4.1  8.4   1.0  9.5   0.5   6.9
                      APR    MAY    JUN    JUL    AUG    SEP    OCT    NOV   DEC
--------------------------------------------------------------------------------
SA                  E19.8  E20.3  E21.2  E19.3  E21.3  E21.8  E19.9
trade balance         Bln    Bln    Bln    Bln    Bln    Bln    Bln
SA jobless rate       5.8    5.7    5.7    5.7    5.7    5.6    5.6    5.6
Ifo business
morale              113.1  114.7  115.2  116.1  116.0  115.3  116.8  117.5
ZEW investor
morale               19.5   20.6   18.6   17.5   10.0   17.0   17.6   18.7  17.4
GfK consumer
morale                9.8   10.2   10.4   10.6   10.8   10.9   10.7   10.7
                 3Q16       4Q16       1Q17       2Q17            3Q17
----------------------------------------------------------------------
                  q/q  y/y   q/q  y/y   q/q  y/y   q/q  y/y  q/q   y/y
real GDP**        0.1  1.7   0.4  1.7   0.6  1.7   0.6  2.1  0.8   2.8
Labour Costs***   0.8  2.5   1.1  3.1   0.4  2.5   0.1  2.3  0.7   2.2
     p = preliminary
     * real retail sales ex-auto and petrol station sales; monthly data are
       seasonally adjusted; annual data are unadjusted
     ** quarterly data seasonally adjusted
     *** quarterly data seasonally adjusted; annual data workday-adjusted
--------------------------------------------------------------------------------
[TOPICS: MTABLE]