1) US factory orders felt in April to 1.2 percent to $ 440.4 billion while estimate was 1 percent decline according to Reuters.Transportation orders plunged 9.3 percent in April, nearly wiping out a 10.6 percent rise in March orders. It was the sharpest falloff in monthly transportation orders since an 11.9 percent fall in December.
2) US jobless claims fall less than expected. Initial claims for unemployment benefits were down 6000 to 4,22000 according to report from Labor department, while the economists have expected for a fall to 4,15000.
3) US retailers have reported mixed same stores sales in may as consumers being picky to choose due to mainly higher fuel price and sluggish economy. Although, most retailers' figures beat analysts' expectations of 5.4 percent.
A table of the results so far follows:
MAY 2011 SAME-STORE SALES |
| Retailers | May 2011 Estimates | May 2011 Actuals |
| Costco | 11.2% | 13% |
| BJ's Wholesale | 7.2% | 7.4% |
| Target | 3.5% | 2.8% |
| JC Penney | 3.4% | (1.0%) |
| Kohl's Department Store | 2.9% | 0.8% |
| JW Nordstrom | 5.9% | 7.4% |
| Saks Department Store | 6.5% | 20.2% |
| Stage Stores | 3.0% | 0.0% |
| Macy's | 5.6% | 7.4% |
| Gap | (1.1%) | (4.0%) |
| TJX | 3.1% | 2.0% |
| Limited | 6.2% | 6.0% |
| Ross Stores | 3.7% | 4.0% |
| Stein Mart | 0.5% | 0.7% |
| Hot Topic | 1.0% | 0.4% |
| Wet Seal | 4.0% | 2.9% |
| The Buckle | 8.7% | 8.8% |
| Zumiez | 7.2% | 7.8% |
| Walgreen | 4.6% |
Source: Thomson Reuters; Figures in parenthesis are losses.
( Source:Reuters, CNBC )
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