New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | all recent NOSYMBOL news | >>
August 15, 2014
11:05 EDTFed dove Kocherlakota: Fed still "some way" from full employment
Fed dove Kocherlakota: Fed still "some way" from full employment and is a "long way" from its employment goal. He doesn't expect inflation goal of 2% to be reached until 2018, meaning resources remain underutilized, even as the jobless rate is seen falling to 5.7% this year. He sees that low rate masking continued weakness in the labor market as the fraction of prime-age potential workers with a job is "disturbingly low." This very dovish view is contributing to the latest drop in T-note yield through the 2.349% Aug-8 low along with ongoing gains in Bunds.
10:55 EDTFX Action: USD-JPY has eased to intra day lows
Subscribe for More Information
10:54 EDTUkraine says troops 'destroy' part of Russian convoy, Bloomberg reports
Bloomberg cites a Ukrainian military spokesperson. Reports from Bloomberg and other news services of increased tension in Ukraine have coincided with a downturn in the averages, The Fly notes.
10:50 EDTPhilly Fed's survey of forecasts showed little change in outlooks on the economy
Philly Fed's survey of forecasts showed little change in outlooks on the economy versus those of three months ago, in the latest report. The panel of professional forecasters project real GDP growth of 3.0% this quarter, and 3.1% in Q4, to bring 2014 growth (annual average over annual average) to 2.1%, a slight downgrade from the 2.4% estimate from May. Growth is expected to pick up to 3.1% in 2015 but slip to 2.9% in 2016 and then 2.8% in 2017. Continued improvement in the labor market is anticipated, with the annual average unemployment rate projected at 6.3% for this year, and dropping to 5.7% in 2015, and 5.4% in 2016. Employment is forecast at a monthly average 228.6k increase for Q3 and 211.2k for Q4, bringing 2014's monthly average gain to 204.8k. That's up a bit from the May estimate of 196.5k. Meanwhile, headline 2014 CPI is seen at a 2.3% clip, revised up from 1.9% in the prior forecast, with the core rate at 2.1% versus 1.8% previously.
10:30 EDTToday's U.S. reports
Subscribe for More Information
10:19 EDTCLSA technology analysts hold an analyst/industry conference call
Subscribe for More Information
10:15 EDTThe August Michigan sentiment drop to 79.2
The August Michigan sentiment drop to 79.2 from 81.8 in July extended the pattern of oscillations around a lean level with a painfully small cyclical uptrend. Michigan sentiment faces headwinds from a deteriorating geopolitical backdrop, limited credit availability, and disruptions from Obamacare, though confidence has enjoyed a 2014 lift from rising equity and home prices. Confidence continues to underperform consumption and payrolls. The tendency for under-estimates in the preliminary report has dissipated somewhat in 2014, though analysts've still seen an upward revision in every month of 2014 with a 0.7 average boost, following a larger 1.8 average boost in 2013. Analysts expect the August reading to sit in the 80.0 area after revision in the final report. Analysts expect an August consumer confidence drop to 87.0 after the July pop to a 90.9 cycle-high from a lower 86.4 in June, versus last year's temporary June peak of 82.1. Analysts've seen small diverging August wiggles in most available confidence indicators as they fluctuate around their mid-2013 levels.
10:10 EDTFX Action: The dollar edged marginally lower
Subscribe for More Information
10:10 EDTU.S. consumer confidence fell 2.6 points to 79.2 in the preliminary August
Subscribe for More Information
10:10 EDTTreasury Action: soft U. Michigan boosted prices
Treasury Action: soft U. Michigan boosted prices on Treasuries and futures, while lowering the boom on yields again to knock the T-note below 2.38% to session lows and still eying 2.349% Aug-8 lows. Yet stocks have opened higher and continue to rejoice on the Fed policy implications ahead of Yellen's Jackson Hole keynote address next week, along with the perception of lower risk in the Mid-East and Ukraine however tenuous. Yet, bearish put demand on the options front has been noted at the long-end.
10:00 EDTTreasury Option Action: some bearish positioning at the long-end
Subscribe for More Information
09:55 EDTU.S. Michigan Consumer Sentiment Preview
U.S. Michigan Consumer Sentiment Preview: The first release on Michigan Sentiment should reveal a headline increase to 82.0 (median 81.5) after the July dip to 81.8. The secondary measures of confidence for the month were mixed with the RBC-CASH Index rising to 51.5 from 50.5 and the IBD/TIPP declining to 44.5 from 45.6.
09:50 EDTThe 0.4% July U.S. industrial production rise matched our estimate
Subscribe for More Information
09:40 EDTFed Policy Outlook: today's reports don't really give fresh ammo to FOMC hawks
Fed Policy Outlook: today's reports don't really give fresh ammo to FOMC hawks and should allow Chair Yellen the opportunity to buddy with ECB's Draghi and sustain a dovish tone at next week's Jackson Hole central banker conference. The data are consistent with the moderate improvement in the labor market and in manufacturing, but nothing quite so rip-roaring that indicate policy has to be firmed sooner rather than later. The tame PPI readings won't really worry the doves either. The FOMC Minutes (Wednesday) will be a little more mixed as hawks will have some say, though the worry over the continued slack in the labor market revealed in the policy statement should overshadow.
09:33 EDTOptions expiration may overshadow economic data
Subscribe for More Information
09:31 EDTBarclays healthcare analysts to hold an analyst/industry conference call
Subscribe for More Information
09:30 EDTU.S. industrial production increased 0.4% in July
Subscribe for More Information
09:30 EDTFX Action: The dollar perked up slightly
Subscribe for More Information
09:30 EDTTreasury Action: yields edged up from
Treasury Action: yields edged up from lows following the slightly firmer tone to the industrial production print, which came in above expectations, along with the earlier surge in TIC outflows. The 10-year yield backed away from a retest of 2.349% August 8 lows and is eying the 2.40% level again. The 2s-10s spread also rebounded to +197 bp.
09:25 EDTU.S. industrial production increased 0.4% in July
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use