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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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November 7, 2014
10:06 EDTFederal Reserve Governor Tarullo to speak at symposium
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10:05 EDTEuro$ interest rate options: some bearish positioning
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10:03 EDTChicago Federal Reserve Bank President Evans speaks at symposium
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09:55 EDTFed Policy Outlook: the Fed is not likely to advance its first rate hike
Fed Policy Outlook: the Fed is not likely to advance its first rate hike into the first half of 2015, even though the October jobs report signaled ongoing improvement in the labor market. The gains registered in many of the components were in line with market expectations, and those of many policymakers more than likely. However, there are a couple of important factors that should keep the FOMC patient through the first half of 2015. Recent data suggest Q4 growth is likely to slow to a 2.5% pace, from a forecast downward revision to 3.2% for Q3, from the prior 3.5% pace. Additionally, a key component of the FOMC's policy outlook continues to disappoint, wages, and other than for highly skilled workers, there aren't signs of a significant pick up economy-wide. And lastly, the subdued inflation rate continues to frustrate and is expected to keep Fed doves in control. Note to that next years voting contingent leans to the dovish side, as it includes Evans, Williams, Lockhart, and Lacker.
09:45 EDTMore from dove Evans: Fed should only raise rates
More from dove Evans: Fed should only raise rates when confident on inflation and the labor market, amid great risks to a premature liftoff from zero. He sees low odds of inflation rising notably above target and suggests that the U.S. economy could weather a rise inflation above 2%, Indeed, he thinks the expectation of a return to inflation of 2% or more is based on hope more than data. Evans thinks that weakness in foreign growth and dollar strength are downside risks for the U.S.
09:44 EDTMarket opens moderately lower after jobs report
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09:35 EDTFed's Evans said the October jobs print was "pretty good,"
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09:35 EDTFor the U.S. jobs data impact on quarterly forecasts
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09:30 EDTFor the jobs data impact on other October reports
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09:25 EDTThe 214k U.S. October payroll climb
The 214k U.S. October payroll climb after 31k in upward revisions tracked assumptions, as did the cycle-high 34.6 workweek in October. Yet, a downward September workweek revision left a big 0.5% October rise for hours-worked rise versus a 0.2% estimate, after an offsetting big downward September revision to 0.2% from 0.5%. As such, though the October hours-worked surge was impressive, it left an as-expected trend for that measure as well. The hefty 683k civilian employment rise with a big 416k labor force increase was encouraging, and the mix left the October jobless rate at a cycle-low 5.76%. The bellwether goods sector was also firm in October, with an hours-worked gain for the sector of 0.3% with component gains of 0.1% for factories, 0.7% for construction, and 1.2% for mining. Goods sector jobs rose 28k, with component gains of 15k for factories, 12k for construction, and 1k for mining.
09:20 EDTFX Action: USD-CAD fell sharply
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09:10 EDTCleveland Fed's Mester characterized herself as an "owl,"
Cleveland Fed's Mester characterized herself as an "owl," which is a wise creature, not wanting to label herself either a hawk or a dove in the FOMC aviary. She acknowledged the first rate hike will likely be sometime in 2015, given her expectations of about 3% GDP growth over the next several years, with further declines in the unemployment rate and an uptrend in inflation to the 2% region. She reiterated that the policy trajectory is data dependent and the Fed will react to income data and how the numbers fit into the overall outlook. She doesn't believe analysts're in a deflationary environment as she doesn't see evidence consumers are delaying purchases, awaiting lower prices. Inflation expectations seem to be stable. She doesn't believe the Fed is behind the curve, noting she voted with the consensus at the last FOMC meeting. She's ok with the "Dot Plot," suggesting it's a way for policymakers to be as clear as it can be on where it wants to see the economy, and hence where it things the appropriate policy stance is. She was speaking in a CNBC interview.
09:00 EDTU.S. equities extended modest gains
U.S. equities extended modest gains following the headline payrolls print of 214k, a drop in the jobless rate to 5.8%, and generally firmer component data on earnings and the workweek. The Dow is up 18-points, S&P gained 2-points and NASDAQ is 11-points higher, up from earlier lows in pre-open trade. This followed a rough and tumble session overnight, with the Euro Stoxx 50 0.8% lower on more European weakness, while Japan's Nikkei rose 0.52% thanks to yen weakness. Sears Holdings surged 25% after mulling the sale and lease-back of up to 300 stores. Disney sank 2% after its TV network profits fell. BofA also sank 1% after a Q3 loss amid global investigation into FX market manipulation. Meanwhile, Cleveland Fed "owl" said the jobs report was a "solid" reading on the labor market.
08:45 EDTTreasury Action: yields were jerked around
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08:45 EDTFX Action: The dollar fell briefly
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08:40 EDTU.S. nonfarm payrolls rose 214k in October,
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08:38 EDTFutures move slightly higher following jobs report
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08:32 EDTU.S. October non-farm payrolls rise 214K, unemployment rate falls to 5.8%
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08:30 EDTFed's Dudley said the Fed will "likely" start raising rates in 2015
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08:25 EDT5 Things to Watch in the October Jobs Report
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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 | 29 | 30 | 31 | all recent NOSYMBOL news | >>

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