Also, the macroeconomic data for U.S. seems to be positive for the most part.
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The model gets updated each month, using macroeconomic data and policy to see where that plays out with stock price and return on capital.
More fundamentally, these macroeconomic data inform policy makers whether projects and policies are working or not, and decisions to discontinue, reform or intensify efforts will be made on such basis.
The correlation claimed above, however, seems to be breaking down in the first quarter of this year at first look if one compares the recent aluminum price trend with the latest macroeconomic data.
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The third chalenge is a flurry of US macroeconomic economic data, from November housing starts (Wednesday), to Q3 GDP, November existing home sales and leading economic indicators (Thursday), and November personal income and consumption (Friday) macroeconomic data have become increasingly important as they provide the clues on the effectiveness of QE and the next Fed move.
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The sharp divergence between macroeconomic and microeconomic data can certainly be attributed to hurricane Sandy that is about to hit Eastern US a highly populated region prompting consumers to stack-up to all kinds of things, from batteries and candles, to bottled water, to snacks, and all-sorts of dry food.
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The cause for this sharp divergence between macroeconomic and microeconomic data can certainly be attributed to Irene that is about to hit Eastern US a highly populated region prompting consumers to stack-up to all kinds of things, from batteries and candles, to bottled water, to snacks, and all-sorts of dry food.
Markets opened firmly down Thursday in response to the economic and jobs data, both showing that macroeconomic pressures are challenging the U.S, as economists suspected.
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While the global economy remains mired in macroeconomic uncertainty and recessionary risk, positive data on the manufacturing front could be the light at the end of the tunnel.
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The ADP National Employment is produced by Automatic Data Processing, in partnership with Macroeconomic Advisers.
The takeaway from this mishmash of data, other than employment is not the only macroeconomic indicator one must watch: appreciate those pockets of strength not only company to company, but within companies as well.
The employment report is a monthly survey is compiled for ADP -- which provides data from the large number of payrolls that it outsources for other companies -- by Macroeconomic Advisers.
Macroeconomic Advisers adjusted its expected third-quarter growth rate to 2.4% from 3% after the trade data appeared.
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