Production Data:
Production in the U.S. dropped in September for the first time in more than a year. Output at factories, mines and utilities fell 0.2% and factory production fell the same .2% as a result of declines in consumer durable goods. The drop in factories, mines and utilities was the first decline since June 2009.
Homebuider Data:
Confidence among U.S. homebuilders rose in October to the highest level in four months. The National Association of Home Builders/Wells Fargo confidence index increased to 16 from 13 in September, data showed today. The index was projected to rise to 14, according to the median estimate from a Bloomberg survey.
Treasury International Capital Data:
The U.S. Treasury Department revealed data this morning that global demand for U.S. stocks, bonds and other financial assets rose in August. Net buying of long-term equities, notes and bonds totaled $128.7 billion in August compared with net buying of $61.2 billion in July. Including short-term securities such as stock swaps, foreigners purchased a net $38.9 billion compared to a net buying of $63.3 billion in July.
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