New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>
November 14, 2014
10:05 EDTU.S. consumer sentiment improved to 89.4 in the preliminary November read
Subscribe for More Information
10:03 EDTBusiness Inventories data reported
September Business Inventories up 0.3% vs. consensus of 0.3% for the month
10:03 EDTConsumer Sentiment Index data reported
Subscribe for More Information
09:55 EDTMarket opens relatively quietly, lower in early trade
Stock futures were quiet throughout the pre-market trading session, leading to a relatively quiet open for the broader market. The Dow hit a new all-time high yesterday, its 25th record for 2014. Oil prices continue to move lower and now stands at a four year low and questions remain about the effect of the low cost of oil. Certainly it will help the consumer, but the ripple effect in the economy continues to be debated. In early trading, the Dow is down 10 points, the Nasdaq is down 8 points and the S&P is relatively flat.
09:50 EDTU.S. business inventories preview:
Subscribe for More Information
09:50 EDTU.S. corporate bond update: issuance is moderate today
U.S. corporate bond update: issuance is moderate today. But the Treasury market is still suffering a bit from indigestion from a heavy calendar this week that looks to total about $35 B, along with the $66 B in the Treasury refunding. Headlining today is a $3 B 2-year global deal from FHLB. Newell Rubbermaid has a benchmark 5- and 10-year offering. And, First Tennessee Bank is selling $300 M in 5-year notes.
09:45 EDTU. Michigan sentiment preview:
Subscribe for More Information
09:30 EDTFed's Bullard said low inflation does not justify zero rates
Subscribe for More Information
09:20 EDTFed rate view is being pulled in two directions
Subscribe for More Information
09:15 EDTThe 0.3% retail sales headline and ex-auto gains
Subscribe for More Information
09:00 EDTU.S. equities marginally padded gains
U.S. equities marginally padded gains after the retail sales came in above low expectations and trade prices were dragged lower by tumbling energy prices. The Dow rose 15-points, S&P gained 2-points and NASDAQ is 3-points firmer in pre-open trade. Fresh trend lows in the yen helped prop up Japan's N-225 0.56%, supported by ongoing speculation over sales tax hike delay and stimulus, though Europe is trading mixed despite somewhat-firmer-but-still-limp GDP returns in Europe. The Euro Stoxx 50 has reclaimed shallow positive territory from out of the red earlier. Merger talks between Halliburton and Baker Hughes boosted their shares, while Geron leapt 37% after licensing a cancer drug to J&J. Hertz sank 1.5% after cutting its 2014 outlook and confirming cost cutting. Up next are U. Michigan and inventory data to round out the week.
08:55 EDTFX Action: USD-CAD initially fell
FX Action: USD-CAD initially fell after the mix of data, where stronger Canadian manufacturing data took the spotlight. The pairing traded into 1.1360 from over 1.1380, though has since moved back over 1.1380. The modest rebound in oil prices has lent some support to the CAD, though most seem to think this morning's oil rally is nothing more than pre-weekend short covering related. USD-CAD support is seen into 1.1350, with resistance remaining at 1.1400.
08:50 EDTU.S. import prices dropped 1.3% in October, with export prices down 1.0%
U.S. import prices dropped 1.3% in October, with export prices down 1.0%. The 0.5% drop in September import prices was revised to -0.6% (and August was nudged to -0.8% from -0.6%). Also revised down was the 0.2% decline in export prices for September, which is now -0.4%. Petroleum import prices plunged 6.9% from -2.6% (revised from -2.8%). Petroleum prices have posted big declines since July. Excluding petroleum, import prices dipped 0.1% from -0.1% in September (revised from -0.2%). Industrial supplies import prices dropped 4.1%. Import prices with Canada fell 2.3%, but rose 0.1% with China. For exports, ag prices fell 2.1% after a 1.7% decline previously (revised from -0.9%). Food, beverage export prices were down 2.1% versus -1.5% (revised from -0.9%). Excluding ag, export prices slid 0.9% from -0.2% previously. Trade prices were weaker than expected, though that's in keeping with the slide in global prices in general.
08:45 EDTU.S. retail sales rose 0.3% in October, as did the ex-auto component
U.S. retail sales rose 0.3% in October, as did the ex-auto component. And there were no revisions to the September data including a 0.3% decline on the headline, and a 0.2% dip for the ex-auto figure. Excluding autos, gas, and building materials, retail sales rose 0.6% from 0.1% (revised from unchanged). Gas station sales dropped 1.5% last month. Electronic store sales fell 1.6%. Motor vehicles and parts salas rebounded 0.5% after a 1.2% September decline (revised from -0.8%). Non-store retailer sales increased 1.9%. Sporting goods climbed 1.2%. Furniture and building material sales posted small gains. Health and personal care spending rose 0.7%. Data are better than expected and should underpin strength in equities.
08:45 EDTTreasury Action: yields popped up to highs
Subscribe for More Information
08:40 EDTFX Action: The dollar rallied
FX Action: The dollar rallied after the sharp decline in import prices, and the better than forecast headline retail sales data. EUR-USD fell under 1.2410 from over 1.2440, as USD-JPY ramped up to fresh trend highs over 116.75 from near 116.50. Yields edged slightly higher, as equity futures bounced, turning marginal losses into slight gains.
08:38 EDTFutures move higher following economic data
Subscribe for More Information
08:25 EDTFedspeak is due from St. Louis Fed dove Bullard
Subscribe for More Information
08:15 EDTU.S. retail sales preview:
U.S. retail sales preview: retail sales are expected to remain unchanged in October, with the ex-autos aggregate remaining unchanged as well (medians 0.2% for both). This compares to a recent high of 2.2% in March '10, and a low of -2.6% in September '09. Forecast risk is downward, however, as analysts expect a drag from falling gasoline prices and slower chain store sales. preview for more.
08:15 EDTU.S. trade prices preview:
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 | 24 | 25 | 26 | 27 | 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