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Stock Market & Financial Investment News

News Breaks
March 16, 2012
09:45 EDTFHFA House Price Index M/M change to be reported at 10:00 ET
January FHFA House Price Index M/M change will be reported at 10:00 ET. Current consensus is 0.4% for the month
News For NOSYMBOL From The Last 14 Days
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May 22, 2013
08:05 EDTFX Action: USD-CAD firmed up in overnight trade
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07:55 EDTHouse Financial Services Committee to hold a hearing
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07:54 EDTThe Cato Institute holds a discussion
Author Jonathan Macey, along with the former Chairman of the SEC, Harvey Pitt, discuss Macey's new book, "The Death of Corporate Reputation: How Integrity Has Been Destroyed on Wall Street" at The Cato Institute's Washington, D.C. offices on May 22 at 4:30 pm. Webcast Link
07:51 EDTJoint Economic Committee to hold a hearing
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07:50 EDTFedspeak reaches a potentially important intersection
Fedspeak reaches a potentially important intersection with today's Bernanke testimony before the JEC of Congress at 10 ET, followed by a presentation by Dallas Fed hawk on "Federal Reserve Operations and an Update on Texas and U.S. Economy" at 13 ET, along with the FOMC minutes of the Apr 30-May 1 meeting at 14 ET. Keep track of all the developments on our Fedspeak page.
07:41 EDTBofA/Merrill to host a conference
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07:40 EDTU.S. MBA mortgage market index sank 9.8%
U.S. MBA mortgage market index sank 9.8% in data released earlier, in addition to a 3.0% decline in the purchase index and an 11.7% plunge in the refinance index for the week ended May-17. The 11-basis point jump in the 30-year fixed mortgage rate to 2-month highs of 3.78% clearly had a major impact on refi activity, spilling over to the market index more broadly, while mortgages for home purchases also declined. The MBA noted that this was the largest single drop by the refi index of the year. Last week's economic data had continued its downtrend for the bulk of the week until Friday's consumer sentiment and leading indicators surprised on the upside, while the bond market had started to buy into the Fed tapering view via rumors, the hawks and the press just ahead of today's FOMC minutes and Bernanke JEC testimony. For more details on the housing recovery, see our existing home sales, housing starts and new home sales reports.
07:30 EDTTreasury Market Outlook: Treasuries dipped modestly lower in Asian trading
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07:29 EDTFed's Dudley: FOMC hasn't yet agreed on tapering strategy, Bloomberg says
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07:21 EDTFutures near fair value
Stock futures are once again near fair value ahead of today's trading. Investors will be watching the existing home sales report due out at 10:00 am ET, as well as the Department of Energy's weekly inventory data. In the afternoon investors will examine the minutes of last month’s FOMC meeting and look for indications of any changes in Fed policy.
07:20 EDTN.Y. FX Outlook
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07:16 EDTSenate panel approves immigration reform bill with amendment, NY Times says
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07:09 EDTDollar idles before Bernanke testimony, Reuters reports
The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, reports Reuters.Reference Link
07:08 EDTIssuance of single-borrower deals is growing, WSJ reports
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07:01 EDTMBA Purchase Applications Refinance Index data reported
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07:01 EDTMBA Purchase Applications Index data reported
Week of 5/17 MBA Purchase Applications Index down -3.0% for the week
07:01 EDTMBA Purchase Applications Composite Index data reported
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06:30 EDTCommodities were mostly higher
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05:55 EDTOn The Fly: Morning Wrap-Up for May 22
Globex S&P futures are recently up .80 from previous day's SPX cash close. Nikkei 225 up 1.60%, DAX down 0.41%. WTI Crude oil is recently at $95.48, NYMEX Natural Gas up 0.76%, gold at $1383 and ounce copper up 1.06%.
05:55 EDTFX Action: USD-JPY headed back to 103.00
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