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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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September 11, 2014
09:05 EDTU.S. equities slumped with European bourses
U.S. equities slumped with European bourses turning lower again as concerns about centrifugal forces on the continent give rise to fresh investor doubts following recent poll swings in Scotland. In addition, confirmation of the latest round of EU sanctions on Russia added to the bearish mix, leaving Russian shares 0.6-1.2% lower. The Euro Stoxx 50 is 0.5% lower, while in Asia the Nikkei rallied 0.76% thanks to USD-JPY trespassing over 6-year highs of 107.00. The Dow is 76-points lower, S&P sank 9-points and NASDAQ is off 16-points ahead of the opening bell. The 11k rebound in jobless claims wasn't particularly helpful, keeping focus on the downside. After stoking yesterday's rally following the UBS upgrade on Twitter, that micro-blogging firm sank after announcing plans to raise $1.5 B via convertible bonds. Amazon fell with the approach of the Alibaba IPO taking a toll. RadioShack remains volatile amid ongoing speculation over its dissolution and rescue.
08:50 EDTThe 11k U.S. initial claims pop to 315k
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08:45 EDTTreasury Action: yields remained steady below highs
Treasury Action: yields remained steady below highs following the rebound in jobless claims that exceeded expectations, but weren't entirely a surprise given recent softness in jobs stats. The 10-year yield is holding under 2.52% relative to opening stock market weakness compared to 2.54% near the Tuesday close, with room for another stab to 2.50% or below at 2.44% if stocks continue to unwind. The 2s-10s spread is trading slightly narrower just inside +197 bp.
08:40 EDTOil Action: NYMEX crude is in the tank again
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08:40 EDTU.S. initial jobless claims rose 11k to 315k in the week ended September 6
U.S. initial jobless claims rose 11k to 315k in the week ended September 6, after rising 6k to 304k the week prior (revised from 302k). That brought the 4-week moving average to 304k from 303.25k (revised from 302.75k). Continuing claims rose 9k to 2,487k in the week ended August 30 after a 50k decline to 2,478k for the August 23 week (revised from 2,464k). The headline number is in contrast to expectations for a decline, but the Labor Day holiday may have impacted. Indeed, the BLS noted the difficulties in adjusting claims around holidays.
08:40 EDTFX Action: The dollar slipped back
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08:33 EDTFutures weaken following jobless claims data
Stock futures weakened following the release of the weekly jobless claims data. There were 315K initial claims versus the expected 300K, while continuing claims came in at 2.49M versus the expected 2.49M.
08:31 EDTJobless Claims data reported
Week of 9/6 Jobless Claims at 315K vs. consensus of 300K
08:20 EDTU.S. initial jobless claims preview:
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07:55 EDTTreasury Market Outlook: Treasuries are posting small gains
Treasury Market Outlook: Treasuries are posting small gains in contrast to weaker Asian debt markets, while Europe's little rally is failing. Japanese accounts were noted buyers of the belly. The 5-year yield has fallen to 1.77%, while the 10-year has edged down to 2.52%. Trading volume was moderate. Equities are mostly lower, with the exception of the Nikkei, even as Scottish independence concerns have faded slightly. In overnight news, the RBNZ held rates steady, as expected, while Australian employment surged. German inflation was confirmed at a subdued 0.8% y/y pace. The U.K. RICS house price index slid to 40%, the lowest in a year. In the U.S. today, there's more supply today with the 30-year reopening on tap. The data calendar is light with just initial jobless claims and the August Treasury budget. The NY Fed will purchase $2.0 B to $2.5 B in intermediate notes.
07:55 EDTN.Y. FX Outlook
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07:26 EDTCredit Suisse to hold a conference
Macau Gaming Corporate Day to be held in Hong Kong on September 11.
07:25 EDTCanaccord to hold a conference
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07:23 EDTStock futures lower ahead of jobless claims data
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07:15 EDTDeutsche Bank to hold a conference
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07:12 EDTBofA/Merrill to hold a conference
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06:50 EDTFX Update: The dollar traded mostly firmer
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05:52 EDTOn The Fly: Morning Wrap-Up for September 11
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05:47 EDTSeptember front month equity options last day to trade September 19, 2014
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04:00 EDTFX Action: USD-JPY has settled around 106.80-85
FX Action: USD-JPY has settled around 106.80-85 after making a new six-year peak of 107.03 during Tokyo trade earlier. The gain reflect broad yen weakness, seen after BoJ Kuroda's assurance to PM Abe that the central bank won't hesitate to take further action should the 2% inflation target become difficult to achieve. Kuroda didn't mention the yen today, which was taken as a tacit acceptance of the currency's weakening path. He has said last month that FX moves have been consistent with fundamentals. Recent data showed that Q2 GDP data showing a 7.1% drop, largely due to the three-percentage-point rise in the sales tax to 8%, which was implemented in April. Markets continued to view the BoJ has being headed for further monetary stimulus. USD-JPY support is marked at 106.50 and 105.94-106.00.
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