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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| May 15, 2013 |
| 05:40 EDT |  | | Commodities remained under pressure
Commodities remained under pressure on broad dollar strength, which forced Nymex crude 0.70% lower to the $93.50 bbl region and nominal gold was 1% lower close to $1410. Weighing on the commodity market tone was eurozone GDP data weakness, which came in below expectations. In Asia, China Premier Li also admitted that it would be difficult in the current circumstances to stimulate the economy and pressure remained on the downside. |
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| 04:25 EDT | | | FX Action: USD-JPY broke 102.50 barriers
FX Action: USD-JPY broke 102.50 barriers amid early European account interest reportedly on behalf of the hedge fund community. So far, corrective action is limited as market participants position for a move up through 103.00 ahead of PM Abe's growth strategy announcement, which is tipped for Friday. Large 103.00 barriers are set to roll off at Friday's N.Y. cut, but vols have taken off as option accounts hedge for further upside risk. Exporters are also aggressively hedging on a 102 handle in anticipation of large option related dollar supply. Buyers are tipped from 102.00 to 101.80 and towards the 101.50 region. |
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| 01:05 EDT | | | Asian stocks were underpinned
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| May 14, 2013 |
| 16:22 EDT | | | May Consumer Confidence to be released at 10:00
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| 16:22 EDT | | | May State Street Investor Confidence Index to be released at 10:00
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| 14:30 EDT | | | U.S. fiscal 2013 deficit has been revised down to $642 B
U.S. fiscal 2013 deficit has been revised down to $642 B, from $845 B in the February estimate, according to the new CBO forecasts. If achieved, this will be the smallest red ink amount since 2008, and the first time below $1 B since then. As a percent of GDP, it will be only 4.0%, less than half of the 10.1% it was with the FY 2009 deficit. The FY 2014 deficit is now expected to shrink to $560 B. Better than expected receipts are the main factor behind the improved budget outlook. |
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| 14:20 EDT | | | U.S. NY Fed "Empire State" Index Preview
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| 14:20 EDT | | | U.S. Industrial Production Preview
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| 14:01 EDT | | | Averages higher, but off best levels
Each of the major equity indices remains higher but off their best levels of the day. The move is broad based, with the S&P currently the day's biggest winner, up almost 0.8%. Advancing stocks are ahead of declining stocks by more than 2:1 and up volume is ahead of down volume by almost 4:1. Crude oil prices are lower by 0.2% and gold is down 0.6%. The Dow is up 77 points, the Nasdaq is up 18 points, and the S&P is up 12 points. |
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| 13:55 EDT | | | U.S. equities are holding their own
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| 12:55 EDT | | | U.S. corporate bond update: the issuance calendar is much less active today
U.S. corporate bond update: the issuance calendar is much less active today. Toyota Motor Credit is selling benchmark sized 3-year fixed and just added a 3-year floater. DISH has a $2.5 B deal in 10-year senior notes. Kimco Realty is offering a $300 M 10-year. Hershey launched a $250 M 10-year. Fannie will price a benchmark 3-year Wednesday. |
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| 12:35 EDT | | | FX Action: USD-JPY is comfortably above 102.00 again
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| 12:30 EDT | | | Another PIMCO Tweet from Gross
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| 12:20 EDT | | | Treasury Option Action: some bullish positioning
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| 12:16 EDT | | | Fitch upgrades Greece to 'B-' from 'CCC', outlook stable
Fitch Ratings has upgraded Greece's long-term foreign and local currency IDRs to 'B-' from 'CCC'. The short-term foreign currency IDR has also been upgraded to 'B' from 'C' and the Country Ceiling upgraded to 'B' from 'B-'. The outlook on the long-term IDRs is stable. The upgrade of Greece's sovereign ratings by one notch reflects some the following factors: The Greek economy is rebalancing: clear progress has been made towards eliminating twin fiscal and current account deficits and 'internal devaluation' has begun to take hold. The price has been high in terms of lost output and rising unemployment and the capacity for recovery is still in doubt. Nonetheless, sovereign debt relief and an easing of fiscal targets have lifted central bank measures of economic sentiment to a three-year high and the risk of eurozone exit has receded. Reference Link |
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| 12:14 EDT | | | Fitch upgrades Greece to 'B-' from 'CCC', outlook stable
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| 11:45 EDT | | | Treasury's $20 B 4-week bill auction was solid
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| 11:40 EDT | | | Reports of an EU raid on oil company offices
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| 11:23 EDT |  | | CBOE Volatility Index VIX is recently up 64c to 13.19
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| 11:10 EDT | | | NY Fed bought $3.306 B in Treasuries
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