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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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September 15, 2014
09:20 EDTEuro$ interest rate options: mixed action
Euro$ interest rate options: mixed action included that 5k purchase of a leg of a Blue December 72/73/75 call tree/ladder and sale of the two other legs. There was also a bearish purchase of 8k December 95/96 put spreads against a sale of a December 97 call. Sources also noted heavy liquidation in block trade earlier totaling some 125k in 86, 87, and 88 puts. The underlying rate futures are a little perkier despite the impending FOMC decision and firm Empire reading, with the October contract flat, but the deferreds up to 2.5 ticks firmer.
09:05 EDTU.S. Industrial Production Preview
U.S. Industrial Production Preview: August industrial production data should increase 0.3% (median 0.3%) following a 0.4% gain in July. Capacity utilization should tick up to 79.3% (median 79.3%) from 79.2% in July. The soft August employment report could weigh on the release as could our forecast for a 1% decline in utility production for the month.
08:55 EDTThe Empire State sentiment pop to a 27.54 five-year high in September
The Empire State sentiment pop to a 27.54 five-year high in September reversed the August drop to 14.69 from a 25.60 four-year high in July, versus a 0.83 six-month low last November. The ISM-adjusted measure bounced to 53.4, after falling to 52.9 in August from a higher 54.8 in July, versus a 46.6 three-year low in both December and June of 2013. Today's September Empire State bounce bucks the downdraft analysts assume from a likely ongoing unwind of the summer vehicle assembly rate spike that lifted the various sentiment surveys, though the Empire index has oscillated fairly independently of the other sentiment indicators in recent quarters. Analysts expect a September Philly Fed drop to 25.0 from 28.0, a Richmond Fed drop to 7.0 from 12.0, a Dallas Fed bounce to 11.0 from 7.1, an ISM drop to 58.0 from 59.0, and an ISM-NMI decline to 57.0 from 59.6. The mix should allow the ISM-adjusted average to slip to 55 in September from a 56 cycle-high in July and August that was also seen in February and March of 2011, versus 54 through Q2, 52 through Q1, and a 53 average in Q3 and Q4 of 2013.
08:55 EDTU.S. equities remained marginally little changed
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08:51 EDTThe Federal Reserve System Board of Governors holds a Closed Meeting
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08:51 EDTCurrency volatility increases into Scotland voting for independence
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08:45 EDTU.S. September Empire State manufacturing index surged 12.9 points to 27.5
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08:45 EDTTreasury Action: yields held below highs
Treasury Action: yields held below highs following the surprise surge in headline Empire State reading, though the employment component was sharply weaker. That left the T-note yield hovering around 2.60% following its clearance of 2.62% overnight. Stocks remain in shallow negative territory as well after the data. The 2s-10s spread is near +204 bp.
08:40 EDTFX Action: The dollar edged higher
FX Action: The dollar edged higher after the firmer Empire State index outcome, taking EUR-USD to the 1.2910 level. USD-JPY moved a few points higher to 107.30. Equity futures hover near flat, while Treasury yields are steady. FX trade remains quiet, though analysts look for USD gains into Wednesday's FOMC announcement.
08:35 EDTFutures continue to suggest quiet open
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08:15 EDTU.S. NY Fed "Empire State" Index Preview
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08:15 EDTOil Action: NYMEX crude is down 63 cents
Oil Action: NYMEX crude is down 63 cents at $91.64/bbl in early N.Y. trade, after basing under $90.65 overnight. Losses came on the back of weaker Chinese production data, and a generally stronger dollar. Into the FOMC announcement on Wednesday, where a more hawkish statement could be in the cards, analysts look for the dollar to firm up further, keeping pressure on oil prices. Support is seen at last week's $90.43 low, though stops at $90.00 could be targeted on a move below that level.
08:09 EDTBrookings Institution to hold a discussion
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07:50 EDTTreasury Market Outlook: Treasuries corrected slightly higher
Treasury Market Outlook: Treasuries corrected slightly higher in light trading overnight after major losses last week, as the markets await several key events. The 10-year yield slipped to 2.59% after testing 2.62% earlier. Japanese markets were closed for a holiday to exacerbate thin conditions. Overseas bond markets are mixed with core sovereign yields modestly lower too with the German Bund dipping to 1.069% from Friday's 1.08% close. Equities are little changed. Providing some support for bonds were disappointing production and loan data from China and the OECD's cut in growth forecasts for the largest developed economies. Key factors this week include the Wednesday's FOMC decision where there's significant risk of a hawkish change in forward guidance. As for the Scottish referendum, the "No's" have a fractional lead. The ECB will begin it TRLTRO. And, regional elections in Germany over the weekend showed a rise in the anti-euro AFD party. The U.S. calendar is thin today with August industrial production and the September Empire State index. The NY Fed will buy $0.95 B to $1.15 B in bonds.
07:50 EDTN.Y. FX Outlook
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07:43 EDTBofA/Merrill to hold a forum
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07:40 EDTCRT Capital to hold a conference
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07:39 EDTUBS to hold a conference
Global Transport, Travel & Leisure Conference 2014 to be held in London, England on September 15-16.
07:37 EDTUBS to hold a conference
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07:32 EDTKeefe Bruyette to hold a conference
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