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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 | 29 | all recent NOSYMBOL news | >>
March 2, 2015
10:00 EDTU.S. construction spending preview:
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09:55 EDTWedbush healthcare analysts hold an analyst/industry conference call
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09:55 EDTU.S. Markit PMI rose to 55.1 in the final February print
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09:45 EDTEuro$ interest rate options: some bearish positioning
Euro$ interest rate options: some bearish positioning to start took the form of a 5k purchase of Front June 95/96 put 1x2s, in line with the mildly weaker tone on the underlying rate futures. The lead June 2015s are a half-tick higher near 99.63, while the deferreds are 0.5-1.0 ticks lower out the curve.
09:45 EDTU.S. ISM manufacturing index preview:
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09:30 EDTU.S. corporate bond update: the new issue calendar is coming in like a lion
U.S. corporate bond update: the new issue calendar is coming in like a lion to start the month of March and that's weighing on nominal Treasuries. Topping the list is a mammoth 9-part offering from Actavis, reportedly for $22 B, to include 18-month FRN, 2-year, 3-year fixed and FRN, along with 5-, 7-, 10-, 20-, and 30-yeaer maturities, as it looks to finance its $49 B purchase of Allergan. Meanwhile, on tap today is a $1 B 18-month issue from KfW. Council of Europe Development Bank has a $1 B 5-year. There is a 2-tranche deal (benchmark size) from MetLife. EIB is auctioning a benchmark 3-year global. Discover Financial plans a $500 M 10-year. Mitsubishi UFJ launched a $500 M 5-year note. Last month there were 86 issuers who priced $135 B in paper, versus $132 B in January, and $117.7 B in February 2014.
09:17 EDTJPMorgan Euro and U.S. pharma analysts hold analyst/industry conference call
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09:10 EDTU.S. equities are mixed to firmer
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09:10 EDTToday's U.S. income report undershot estimates
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09:07 EDTJanney Capital retail analysts hold an analyst/industry conference call
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08:45 EDTTreasury Action: yields migrated higher
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08:45 EDTFX Action: The dollar moved marginally higher
FX Action: The dollar moved marginally higher despite the softer income and consumption data, seeing EUR-USD tick down toward 1.1220 from 1.1230, and USD-JPY to 119.85 from 119.75. Equity futures indicate a slightly higher Wall Street open, while yields inched up a tad.
08:40 EDTU.S. personal income rose 0.3% in January while spending was dipped 0.2%
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08:36 EDTGallup US Consumer Spending Measure level data reported
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08:34 EDTInvestors show little reaction to early economic reports
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08:20 EDTU.S. personal income preview:
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08:10 EDTFX Action: USD-CAD dipped to 1.2483
FX Action: USD-CAD dipped to 1.2483 into the North American open, before heading back up to 1.2507 highs. Canadian GDP data on Tuesday, along with the BoC meeting on Wednesday could keep trade range bound through the session today, as another BoC rate cut has largely been priced out. Oil prices will bear watching, however, with WTI crude is off its overnight highs, trading on the $48 handle. Further losses there are likely to support USD-CAD.
07:50 EDTTreasury Market Outlook: Treasuries are little changed
Treasury Market Outlook: Treasuries are little changed, having pared overnight losses with the 10-year yield dropping back under 2.0%. Global sovereign yields are mostly lower, paced by Gilts which shrugged off firmer than expected manufacturing PMI and a variety of other reports on production and inflation. Eurozone spreads are narrower too as the markets await the start of the ECB's QE buying, reported to begin next week. China cut rates 25 bps, as largely expected, which gave Asian stocks a lift, though Eurozone bourses have lost their gains. There is a lot of U.S. data this week too, culminating with Friday's February nonfarm payroll release. As for today, there is data on January personal income and PCE, the February ISM manufacturing index, the February Markit PMI, and January construction spending. Treasury supply is light after the $90 B in coupon offerings last week. But a mammoth $22 B corporate multi-trancher could be in the works with Actavis reportedly prepping a $22 B bond sale.
07:45 EDTEnergy Action: Front month WTI crude is trading at $48.80/bbl
Energy Action: Front month WTI crude is trading at $48.80/bbl, after ranging between $48.44 and $49.46 overnight. The next support level comes in at last Friday's low of $47.79, with resistance at $50.00. Sources say the blowout seen last week in spreads between the front (April) contract and the May contract portend further near term weakness, as it becomes more expensive to roll a position forward. May crude is now trading over $2.30/bbl higher than April crude. April Gasoline trades under $1.95/gallon, down from $1.9750 highs, staying firm, as labor actions, and unexpected refinery outages support. Average U.S. retail gasoline has shot up to nearly $2.43/gallon, up 13 cents over the past week, according to AAA data. Natural gas futures are steady near the bottom of their two-week range, currently at $2.70/M BTU.
07:34 EDTCitigroup to hold a conference
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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 | all recent NOSYMBOL news | >>

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