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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 | >>
November 28, 2014
16:37 EDTMoney Supply M2 Weekly Change data reported
Week of 11/17 Money Supply M2 Weekly Change at $11.9B
16:37 EDTFed Balance Sheet Total Assets data reported
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12:55 EDTTreasury Action: yields remain lower into the early close
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11:10 EDTU.S. week ahead: the calendar is crowded to kick off December
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10:15 EDTFX Action: USD-JPY has moved to intra day highs
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10:10 EDTTIPS are in the red as falling gas prices further erode the inflation outlook
TIPS are in the red as falling gas prices further erode the inflation outlook. Price pressures reported in Japan and Europe yesterday also reflected the global nature of disinflation. Breakeven spreads have bee cascading lower all year, but the trajectory steepened dramatically in recent sessions as oil prices have dropped to better than 4 year lows. The 2-year breakeven has narrowed over 12 basis points to 56 basis points, with the 5-year down almost 8 basis points to 139 basis points and is the narrowest since September 2011. And the 10-year is down 4 basis points to 180 basis points. The inflation outlook is one of the key parameters to Fed forecasts and the timing of the first rate hike -- many on the Committee have indicated reluctance to hike rates while prices are below, or at least not advancing toward the 2% rate (case in point, Kocherlakota's dovish dissent last month).
09:45 EDTU.S. retail sales are expected to be solid this holiday season
U.S. retail sales are expected to be solid this holiday season thanks to the growth in the economy, the improvement in the labor market (albeit with little improvement in wages), and the drop in gas prices. However, it will be difficult to get a good gauge on the traditional "Black Friday" sales given the various strategies among retailers which have been discounting prior to today, with many extending doorbuster deals over a longer period, even into Monday. Additionally, Thanksgiving Day sales are still a relatively new phenomena, and many stores have been adjusting their opening/closing hours versus last year (Wal-Mart reported 22 M customer between 6 p.m. and 10 p.m. on Thanksgiving, more than double last year's 10 M). Hence, sales over the 4-day Thanksgiving weekend will be a better measuring stick. Meanwhile, weather wasn't great in the Northeast and likely affected traffic. And on-line shopping continues to steal buyers and force big discounting retail-wide. The National Retail Federation reported that last year's 4-day sales totaled $57.4 B, with a total of $593 B spent over the holiday season. And the industry group is forecasting a 4.1% y/y increase in holiday sales this year.
09:00 EDTU.S. stocks may open mixed
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08:55 EDTFX Action: USD-CAD fell to near 1.1360
FX Action: USD-CAD fell to near 1.1360 from over 1.1390 following the better Canadian Q3 GDP outcome. Losses were short lived however, with the pairing quickly finding fresh buyers, and moving back over 1.1390. The lack of CAD gains on the back of the better growth report could see sentiment shift now, and put the focus back on oil prices, where further losses there could result in a USD-CAD upside breakout.
08:15 EDTCanada Industrial Product Price index Preview
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08:15 EDTCanada GDP Preview
Canada GDP Preview: Analysts expect GDP to expand at a 2.3% clip in Q3 after the upwardly revised 3.6% pace in Q2 (was +3.1%). Our projection would match the BoC's Q3 GDP estimate. Details should be consistent with the Bank's outlook, as exports improve and business investment nudges higher. Consumption spending and residential investment growth rates should remain firm. International trade is expected to provide a boost to Q3 GDP, as export growth again outpaced import growth. Monthly housing starts figures point to a modest lift to Q3 GDP from residential investment. September GDP is expected to rebound 0.5% m/m after the 0.1% dip in August. preview, the September GDP preview and our commentary "Canada GDP to Slow in Q3".
08:05 EDTFX Action: USD-CAD has traded to 1.1408 highs,
FX Action: USD-CAD has traded to 1.1408 highs, its best since November 7. The pairing rallied sharply on Thursday, following OPEC's inaction on oil production, moving up to near 1.1350 from under 1.1240 in London trade. The pairing's next upside target is at 1.1440-50, representing the November 6-7 peaks. Oil prices will likely be the main driver this morning, and with WTI now down threatening the $68 handle, USD-CAD may continue to test the upside.
07:50 EDTTreasury Market Outlook: Treasuries are sharply higher
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07:45 EDTOil Action: NYMEX crude is trading at $69.20
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07:30 EDTFX Update: The dollar traded higher
FX Update: The dollar traded higher, led by USD-JPY following a set of mostly soft month-end data out of Japan, which assisted a rally to a three-day peak of 118.33 before settling around 118.10. EUR-JPY also rose to a two-day high. Data included a 1.4% m/m drop in retail sales while industrial production edged up only 0.2% in October after a 2.9% September gain, and was down 1.0% y/y. CPI figures also dipped from previous-month levels. The 2-year JGB yield fell to -0.002% -- in negative territory for the first time ever -- while the 10-year note fell to a record low at 0.416%. Elsewhere, EUR-USD logged a two-day low of 1.2429, and Cable tipped back below 1.5700. AUD-USD extended yesterday's losses in making 0.8485, bringing Wednesday's four-year low at 0.8480 into scope. USD-CAD clocked out a new eight-day high of 1.1392, extending the sharp decline the Canadian dollar saw yesterday amid the rout in oil prices following OPEC's refrain from cutting supply.
07:00 EDTN.Y. FX Outlook
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06:03 EDTOn The Fly: Morning Wrap-Up for November 28
Globex S&P futures are recently down 4.90 from previous day’s SPX cash close. Nikkei 225 up 1.23%, DAX down 0.39%. WTI Crude oil is recently at $68.84, natural gas down 3.42%, gold at $1184 an ounce, copper down 1.34%.
05:49 EDTDecember front month equity options last day to trade is December 19, 2014
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02:20 EDTFX Update: The traded higher
FX Update: The traded higher across the board. USD-JPY seemed to lead the way following a set of mostly soft month-end data out of Japan, which assisted a rally to a three-day peak of 118.33 before settling around 118.10. EUR-JPY edged out a two-day high. Data included a 1.4% m/m drop in retail sales, industrial production edged up only 0.2% in October after a 2.9% September gain, and was down 1.0% y/y. CPI figures also dipped from previous-month levels. The 2-year JGB yield fell to -0.002%, in negative territory for the first time ever, while the 10-year note fell to a record low at 0.416%. EUR-USD, meanwhile, logged a two-day low of 1.2445, as did Cable, to 1.5705. The headline of Nov U.K. GfK consumer confidence disappointed at -2, though the major purchases component rose to 0, the joint-highest in seven years. AUD-USD extended yesterday's losses in making 0.8485, bringing Wednesday's four-year low at 0.8480 into scope. USD-CAD edged out an eight-day high of 1.1355. The Canadian dollar dropped quite sharply yesterday due to the rout in oil prices following OPEC's refrain from cutting supply.
02:04 EDTWeek of 12/10 Fed Balance Sheet to be released at 16:30
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