Hints and tips:
...Duncan Semmens, director of London’s Burlington Arcade and 1stdibs.com jewellery dealers Hancocks, says: “Our jewellery is valued for its historical and artistic qualities and our clients aren’t buying these...
...“The upward revision to the prior week puts a slightly negative spin on this report,” said David Semmens, senior US economist at Standard Chartered....
...David Semmens, economist at Standard Chartered described the number as a “really terrible” result....
...It was a “better than expected report with the encouragement coming from the details,” said David Semmens, US economist at Standard Chartered....
...“That is a pre-crisis level,” said David Semmens, senior US economist at Standard Chartered....
...It is “still hard to get excited about this when there is still a long way to go” on employment, said David Semmens, senior US economist at Standard Chartered....
...“This will have calmed some fears that the US labour market is capitulating, however this series is very volatile and the focus is firmly on Friday’s [non-farm payrolls] release,” said David Semmens, senior...
...volatile but this is the worst release since last August and if that spreads to the national PMIs [manufacturing indices] people are going to be drastically more worried than they are right now,” said David Semmens...
...David Semmens, senior US economist at Standard Chartered, said: “What is worrying is that the leap higher after the Easter holiday has only seen a mild edging down. The four-week moving average . . ....
...“One number is not going to see the [Federal Reserve] make any knee-jerk reactions, but it will serve as a reminder to the hawks that the US is not fully up and running again,” said David Semmens, senior...
...“This gives us more confidence that hiring will be able to overcome the dreadful zero we saw in [the government’s non-farm payrolls report] last month,” Mr Semmens said....
...“This release shows a very strong turn around in sentiment …since the collapse that happened between May and August,” said David Semmens, US economist at Standard Chartered....
...“While a large proportion of this decline is from a 19 per cent month-on-month drop in non-defence aircraft, there is a very steep drop in machinery orders of 10.4 per cent,” said David Semmens, US economist...
...that the consumer will stay supportive for growth, especially as hiring improves, albeit modestly, in 2012 but the continuation of the deleveraging process should keep any optimism in check,” said David Semmens...
...“While the US consumer is feeling better, the turnaround is still likely to be volatile,” noted David Semmens, US economist at Standard Chartered....
...Although recent data have been on balance slightly more encouraging, unemployment remains still too high and [with] inflation beginning to turn, the FOMC will remain firmly focused on growth,” said David Semmens...
...“Employment remains contractionary at 49.4 against 48.9 and goes no way towards corroborating the particularly strong ADP release,” warned David Semmens, US economist at Standard Chartered....
...“The lack of income growth meant that the boost in spending came from a decline in the savings rate,” said David Semmens, US economist at Standard Chartered....
...While many US companies are reporting strong second-quarter earnings this week, hiring is not likely to pick up until the productivity of existing workers begins to decline, Mr Semmens said....
...“In general [the survey showed] an improvement but the small business sector still has a very long way to go,” said David Semmens, US economist at Standard Chartered....
...Also encouraging is that the new orders inventory spread has bounced back somewhat, driven by lower inventories and higher new orders – both good for future growth,” said David Semmens, US economist at Standard...
...“This continues to show that watching what the consumer does is more important …than what they are saying they are going to do – as judged by expectations sentiment,” said David Semmens of Standard Chartered...
...“People feel that they’re better off sitting back and taking a ‘wait and see’ attitude,” said David Semmens, US economist at Standard Chartered....
...David Semmens, US economist at Standard Chartered, said: “We expect that the aggression of the discounts brought shoppers out in force but this will take away from their shopping in December … The strength...
...“I think it will make people more incentivised to stay in their homes,” said David Semmens, US economist at Standard Chartered....
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