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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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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 | >>
July 27, 2015
11:50 EDTTreasury's $48 B bill auctions found no significant benefit
Treasury's $48 B bill auctions found no significant benefit from flight to safety amid a global rout in stocks, with the shorter tranche underperforming. The 3-month bill stopped at 0.05%, right on the screws, but 2 bps above last week's 0.03% award rate. Bids totaled only $87 B for a modest 3.68 cover, the lowest since October 2013. Indirect bidders took only 17.7%, down from 23.0% last week and the 21.3% average. The 6-month bill stopped through at 0.145%, versus 0.15% at the bid deadline, and 1 bp cheaper than last week. There were $94.5 B in bids for a 3.99 cover, only a little better than last week's 3.67, but less than the 4.18 average. Indirect bidders were awarded 47.5% versus the prior 34.8% and the 41.6% average.
11:40 EDTChinese authorities say they will increase state purchases of stocks
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11:25 EDTTreasury announced a $40 B 4-week bill auction for Tuesday
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10:45 EDTU.S. Dallas Fed's manufacturing index improved to -4.6 in July
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10:40 EDTChinaMeltdown is the popular tag on Twitter overnight
ChinaMeltdown is the popular tag on Twitter overnight prefaced by the ubiquitous hashtag, as in #ChinaMeltdown, with mostly leaning with the grain of the 8.5% equity decline there that has again bled into commodity prices and stocks, and few willing to challenge the trend despite Chinese shares still with some cushion in terms of gains for the year. Stocks continue to sag in NY with NASDAQ off 0.7%, though Europe has extended its drop as the Euro Stoxx 50 is now 2.1% lower and the German DAX is 2.3% lower. That suggests pressure will remain downward at least until Europe closes, though the 200-day m.a. on the S&P 500 near 2063 may provide some initial support according to UBS's Art Cashin.
10:31 EDTDallas Fed Mfg Survey Production Index data reported
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10:20 EDTEuro$ interest rate futures are on the rise
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10:15 EDTFOMC may offer fresh clues on rate liftoff, according to a WSJ article
FOMC may offer fresh clues on rate liftoff, according to a WSJ article by Ben Leubsdorf and Jon Hilsenrath, where the authors appeal to recent speeches/testimony suggesting rate hikes could begin this year. But as noted in the piece, the Fed will have "a slight signaling challenge...How aggressively should officials tip their hands about the timing of a rate increase later this year?" Analysts don't believe that policymakers can provide any clear hints. For months the FOMC has stressed the data dependent nature of the policy path. And so with a couple of more months' worth of key economic and price reports on tap prior to the September 16, 17, not to mention an increasingly shaky financial environment, it would not only be inconsistent for hints to be provided this week, but would jeopardize their credibility.
10:00 EDTFed Policy Outlook: the statement should have a slightly more upbeat tone
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09:48 EDTChina rout drags down global markets, leads to lower U.S. open
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09:41 EDTMorgan Stanley hold a cloud capex analyst/industry conference call
Communications and Systems Applications Analyst Faucette, along with IT Hardware Analyst Huberty, Semi Analyst Moore and Asian Hardware Tech Analyst Chen and Asian Semi Analyst Chan, discuss Morgan Stanley's report, "Global Insight: Cloudy With a Chance of Revisions" on an Analyst/Industry conference call to be held on July 27 at 10 am.
09:20 EDTTreasury Option Action: some put positioning
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09:15 EDTTreasury Action: the FOMC and supply should restrain the front end
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09:10 EDTToday's U.S. durable goods figures
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08:50 EDTFX Action: The dollar shrugged off
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08:45 EDTTreasury Action: yields jumped briefly
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08:45 EDTEnergy Action: NYMEX crude touched new trend lows
Energy Action: NYMEX crude touched new trend lows of $47.41 overnight, with its eyes now on the April 1 low of $47.01. A bout of dollar weakness failed to support prices, as another China equity market sell-off dented demand expectations. On the supply side, an uptick in operating oil rigs last week implies gains in U.S. production, while reports that Iraq will produce record volumes this month, should keep pressure on prices for the foreseeable future. RBOB gasoline futures remained near three-month lows under $1.8150, leaving average U.S. retail prices at $2.71/gallon, and down more than 4 cents over the past week, per AAA data. Natural gas futures declined a penny to $2.76/M BTU.
08:40 EDTU.S. durable goods orders rebounded 3.4% in June
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08:36 EDTFutures continue to suggest lower open
Stock futures in the U.S. remain lower, taking their lead from China’s market, whose key index fell 8.5% in its largest single day drop in 8 years. Durable goods orders rose 3.4% in June, versus expectations for an increase of 3.2%. When transportation items are removed, the core reading was up 0.8%, versus expectations for an increase of 0.5%.
08:35 EDTU.S. equities were hammered again
U.S. equities were hammered again after stunning losses in China, which rekindled volatility in the region and concerns about the economic path. That development also fed back into the vicious cycle on commodity prices, which resumed their downslope. In Asia, the Nikkei fell 0.95%, while China's Shenzhen tanked 8.5% and the Shanghai Comp tumbled 8.4% despite government price support mechanisms. The Euro Stoxx 50 is off 1.6% in sympathy, while the German DAX is 1.7% lower, though the German Ifo jumped to 108.0. The Dow sank 105-points, S&P eased 11-points and NASDAQ is off 32-points in pre-open action. In M&A, Teva Pharma surged 14% after it bought Allergan for $40.5 B and gave up on its offer for Mylan, which sank 11%. Fiat Chrysler fell over 2% after the NTSB levied $105 M in fines on safety issues. The dollar index is 0.5% lower near 96.7 amid increased risk aversion and lower perceived Fed tightening risk. Durables should be propped up by heavy Boeing orders in June. Looking ahead, a heavy corporate earnings week and the FOMC will feature.
<< 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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