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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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April 16, 2015
10:35 EDTFed VC Fischer showed no urgency for a June hike,
Fed VC Fischer showed no urgency for a June hike, but acknowledged the obvious that rates will go up eventually, in a CNBC interview. He didn't want to give any definite timeline and said the Fed didn't really know when it will liftoff since the policy action is data dependent. So far the recovery has been uneven -- there's growth, but it's not spectacular -- with Q1 looking a lot like it did last year with weather impacting. It won't be necessary for inflation to be at the 2% target before the Fed starts to remove accommodation, price pressures just need to be moving toward that goal. He sidestepped questions on whether he's "fearful" about raising rates. He acknowledged it's possible to get things wrong, but he stressed that even with a hike, the Fed's stance will still be expansionary. The dollar is one of many factors that affect the way the economy is behaving. He expects the markets to be forward looking and so should be taking account of the Fed's eventual rate hike, and noted that they cannot depend on the Fed remaining accommodative forever.
10:30 EDTEIA natural gas storage change for week ending April 10
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10:15 EDTFX Action: The dollar edged a touch higher
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10:15 EDTU
U.S. Philly Fed index rose 2.5 points to 7.5 in April, slightly better than expected, after slipping 0.2 points to 5.0 in March. The improvement this month breaks a string of four consecutive monthly declines. However, the internals were mixed and take some of the shine off of the report. The employment component jumped back to 11.5 from 3.5 and is the highest since November. The workweek rose to 3.4 from -11.4. But new orders slid to 0.7 from 3.9 and is the lowest print since February 2014. Prices paid dropped further to -7.5 from -3.0, the weakest since June 2009. Prices received increased moderately but remain in contractionary territory at -4.1 versus -6.4 previously. The 6-month general business activity index edged up to 35.5 from 32.0. The future employment index increased to 20.6 from 14.4, with new orders dipping to 30.8 from 34.3 and capital expenditures at 15.8 from 16.4.
10:10 EDTTreasury Action: yields inched up from lows
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09:48 EDTBloomberg Consumer Comfort Index Level data reported
Week of 4/12 Bloomberg Consumer Comfort Index Level at 46.6
09:44 EDTMarket opens lower after U.S. housing data, Greek debt yield surge
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09:40 EDTU.S. Philly Fed index preview:
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09:35 EDTTreasury Option Action: mixed early positioning
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09:30 EDTThe 2.0% March U.S. housing starts uptick
The 2.0% March U.S. housing starts uptick to a still-weak 926k rate only slightly trimmed the weather-led February plunge to a 908k (was 897k) pace from 1.072 (was 1.081) M in January. Analysts saw the expected big weather rebounds for starts in the Northeast and Midwest, but there were surprising further declines in the West and South. Housing completions also fell further in March, to a 823k nine-month low from an already-weak 850k February rate. Permits fell 5.7% in March to a 1.039 M rate after a 4.0% pop in February to a 1.102 M cycle-high pace from the 1.060 M rate in December and January. Permits are outpacing starts despite the lean March figure, and analysts still expect starts to climb back toward the 1.105 M expansion-high set in November of 2013. Starts under construction, which drives new home construction, rose by a lean 0.6% in March after a small 0.2% (was 0.4%) rise in February. Analysts haven't seen a decline in this measure since May of 2011, though the pace of growth for this important metric clearly slowed in Q1.
09:25 EDTTreasury Action: TIPS are in the red today
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09:15 EDTU.S. equities are mired in the red
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09:12 EDTMorgan Stanley to hold a conference
Testing, Inspection & Assurance Conference is being held in London, England on April 16.
09:10 EDTMorgan Stanley to hold a symposium
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09:00 EDTThe 12k U.S. initial claims rise to 294k
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08:55 EDTFedspeak resumes with a vengeance
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08:47 EDTBofA/Merrill hardware/software analysts hold analyst/industry conference call
Hardware Analyst Mohan and Software Analyst Rangan discuss the results of BofA/Merrill's Quarterly IT Buyer Survey on an Analyst/Industry conference call to be held on April 16 at 11 am.
08:45 EDTU.S. housing starts rebounded 2.0% to 926k in March
U.S. housing starts rebounded 2.0% to 926k in March after dropping 15.3% to 908k in February (revised from 897k). Single family starts rose 4.4% after a 15.2% drop previously. Multifamily starts dropped another 2.5% following February's 15.5% decline. Building permits fell 5.7% to 1.039 M from 1.102 M (revised from 1.092 M previously). The data are a little below estimate.
08:45 EDTFX Action: The dollar dipped briefly
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08:45 EDTTreasury Action: yields probed lows
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | all recent NOSYMBOL news | >>

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