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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 14, 2015
11:45 EDTEnergy Action: NYMEX crude is on N.Y. session highs
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10:50 EDTTreasury Option Action: premiums have been squeezed
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10:30 EDTThe 0.3% May U.S. business inventory rise matched estimates
The 0.3% May U.S. business inventory rise matched estimates, but it followed a 0.4% April gain that failed to reveal the expected upward revision to leave a slightly disappointing report overall. Inventory restraint signals downside risk for our downwardly-revised 2.5% Q2 GDP estimate. Analysts saw a flat May retail inventory figure alongside a flat factory figure and a big 0.8% rise for wholesalers that both included price-boosts from petroleum. Analysts expect a $35 (was $35) B Q2 inventory subtraction in the Q2 GDP report that more than reverses a $19.5 B Q1 addition to leave a still-elevated $64 B Q2 accumulation rate. Analysts lowered our Q2 GDP estimate to 2.5% from 2.7% this morning in response to the weak June retail sales report. Risk for the 2015 economy can be seen in the lofty inventory-to-sales (I/S) ratio, which sat at 1.36 for a third consecutive month, following the 1.37 expansion-high in February. Despite the three-month downtick, the ratio remains well above the 1.27-1.31 ratios between May of 2012 and October of last year. The I/S ratio is well above the 1.24 floor seen in March of 2011.
10:25 EDTTreasury Action: yields consolidated above lows
Treasury Action: yields consolidated above lows following the next data round on inventories, which didn't rock the boat. The benchmark T-note yield based near 2.39% and inched back up to 2.41% compared to pre-retail 2.45% session highs. Notwithstanding Yellen's upcoming testimony, sources are looking ahead warily to the Greek parliamentary vote late Wednesday, which could cap yields. The 2s-10s spread is near +177 bp and the Bund/T-note spread is holding near -157 bp.
10:10 EDTU.S. business inventories rose 0.3% in May, with sales up 0.4%
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10:01 EDTBusiness Inventories data reported
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09:46 EDTAverages mixed at open, rise in early trade after retail sales miss
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09:45 EDTU.S. Business Inventories Preview
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09:40 EDTCFA Society of San Francisco to hold a luncheon meeting
Luncheon Meeting with Steve deHaan, Managing Diretor at Andersen Tax who holds a speech entitled, "Critical Tax Issues for Early Stage Company Founders and Executives" in San Francisco on July 14 at 2:30 pm.
09:40 EDTThe U.S. trade price report undershot assumptions
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09:25 EDTEuro$ interest rate futures lurched higher
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09:25 EDTWeakness in today's U.S. retail sales report
Weakness in today's U.S. retail sales report has prompted downward revisions in our GDP forecasts for both Q2 and Q3, given a broad-based June sales drop after big downward revisions for April and May. The odd retail sales weakness of the Q4-Q1 period is reappearing after the post-winter bounce, as consumers remain reluctant to spend the savings from cheaper gasoline. Analysts lowered our Q2 GDP growth estimate to 2.5% from 2.7%, with a trimming in our Q2 "real" consumption growth estimate to 2.6% from 2.9%. For Q3, analysts expect 3.4% (was 3.6%) real GDP growth with a 2.2% (was 2.9%) real pace for consumption. Analysts assume a flat June nominal PCE figure with a 0.2% "real" drop and a 0.2% PCE chain price rise that matches our June CPI estimate. The savings rate should rebound to back to the 5.4% two-year peak also seen in February and April from 5.1% in May, as the rate continues to oscillate above the 4.4% recent-trough in November and the 4.1% cycle-low in December of 2013. The business inventory report later this morning will reveal a 0.4% May sales rise after a 0.5% (was 0.6%) April increase.
09:20 EDTFX Action: USD-CAD pulled back
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09:10 EDTU.S. equities remained in the red
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08:56 EDTRedbook Store Sales data reported
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08:45 EDTTreasury Action: yields gapped lower
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08:45 EDTFX Action: The dollar headed briefly lower
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08:43 EDTFutures remain quiet after unexpected drop in retail sales
Stock futures remain quiet as investors pore over the first set of big bank earnings reports from Wells Fargo (WFC) and JPMorgan (JPM). Retail sales unexpectedly fell 0.3% in June, versus expectations for growth of 0.3%. If autos and gas are removed from the data, the core reading was down 0.2%, versus expectations for it to be up 0.4%. The import price index fell 0.1% last month, versus expectations for it to be up 0.1%. Futures are mixed following the data, with the Dow pointing to a slight fall at the open, the Nasdaq pointing toward a mild gain and the S&P indicated to be flat.
08:20 EDTU.S. Retail Sales Report
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08:20 EDTU.S. Import and Export Prices Preview
U.S. Import and Export Prices Preview: June trade price data should reveal a 0.2% (median 0.2%) increase for import prices with a 0.1% decline for export prices. This follows respective May figures of 1.3% for import prices and 0.6% for export prices. Import prices were weighed down over the winter by the collapse in oil prices but managed to post a gain in May with a 12.7% petroleum component increase. Oil prices continued their climb in June but by a much smaller 0.9%.
<< 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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