So far, the world's largest economy continues its march towards a stronger economical recovery from downside pressures from the ongoing recession. However, this healing process is taking place at a slower pace, where data reported from the country and earnings posted from major U.S corporations seem to be mixed.

 

In fact, on one hand today's Industrial Production for September, which is highly expected to show a minor decline that will come in around 0.1% from a prior reading of 0.8%, illustrating that the overall production levels within the industrial sector, remains low. While, the Capacity Utilization for the same month may come in higher around 69.8% from 69.6%, suggesting that resources are being used more efficiently by U.S. factories.

 

On the other hand, the TIC Flows data, which tracks the flows of financial instruments into and out of the United States giving valuable insight into foreign demand for American investments, is expected to show an incline, as Net Long-Term TIC Flows for August may have climbed to 30.1 billion from 15.3, which is hopeful; since strong inflows are needed to keep downward pressure on interest rates.

Meanwhile, Confidence throughout the country may slightly incline, as the University of Michigan may come in later on around 73.6 from 73.5, which is still considered a weak incline as the consumer confidence; regarding personal finances, business conditions and purchasing power, remains weak.

 

Now, turning to yesterday's third-quarter earnings posted by big US corporations and in particular Goldman Sachs, Citigroup, Google and Advanced Micro Devices, coming out cheerful and better-than market forecasts; where Google net income inclined considerably by 27% to reach a sum of $1.64 billion or $5.13 per share, as a result of inclined demand for online ads and e-commerce; while Goldman Sachs, remains in lead throughout worldwide mergers and acquisitions, where its third-quarter earnings rose by 73 percent to $3.03 billion; whereas Citigroup posted a third-quarter profit of 101 million dollars.

 

On the other hand, today's overall earnings are gloomy and worse than forecasts; where General Electric profits dropping considerably by 44 percent to $2.42 billion, or 23 cents a share, while its revenue plunged by 20% to $37.8 billion; whereas the Bank of America posted a $2.2 billion loss compared to profits of $704 million a year ago.