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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 22, 2015
12:25 EDTFX Action: USD-JPY dipped to a two-day low
FX Action: USD-JPY dipped to a two-day low at 120.71 during Tokyo trade, as the BoJ left policy unchanged, as was widely expected, noting in its statement that the economy "continues to recover moderately". After opening the N.Y. session just under 121.00, USD-JPY posted better than two-month highs of 121.56, spiking up in the aftermath of the hotter U.S. CPI data. The pairing remains capped ahead of a series of March highs between 121.50 and 121.67, which has kept the pairing away from multi-year highs of 122.23 made on March 10, though a strong close this afternoon could see Asian markets test the highs on Monday.
11:25 EDTFedspeak resumes over the weekend
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10:30 EDTTreasury Action: next week's big supply calendar could keep bonds heavy
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10:25 EDTFinancials are all among the top gainers in the Dow
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10:21 EDTGuggenheim analysts hold an analyst/industry conference call
Analysts provide an update on Washington policy on an Analyst/Industry conference call to be held on May 22 at 11 am.
09:55 EDTU.S. equities found some equilibrium
U.S. equities found some equilibrium in the wake of choppy conditions following the uptick in core CPI that initially sent stocks lower ahead of the open. This was accompanied by bond yields simmering back down after the knee-jerk reaction higher, which provided some cover for the shallow rebound in stocks after the open. This has been paced by the tech sector, with NASDAQ higher as the blue chips lag, while Europe has cut earlier losses as well, as the Euro Stoxx 50 moves back to flat as the euro loses ground. NYMEX crude back below $60 bbl and commodity prices have also slipped, keeping some pressure on the energy sector as the dollar rallies.
09:52 EDTWallachBeth biotech analyst holds an analyst/industry conference call
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09:40 EDTMarket opens quietly in what may be low-key session
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09:25 EDTEuro$ interest rate futures plunged
Euro$ interest rate futures plunged following the 0.3% rise in core CPI, after biding their time ahead of Yellen's speech on the economic outlook, which is still widely expected to emphasize "transitory" weakness. Fed moderate Williams endorsed the 2% inflation mandate in a speech overnight, while core CPI steadied at 1.8% y/y - still below that target. The December 2015 contract sank 3-ticks to near 99.405, while the deferreds turned up to 2.5-tick gains in to losses of as much as 5.5-ticks out the back end. All else equal, look for some bottom-fishing ahead of the early close.
09:25 EDTTreasury Action: TIPS are outperforming nominals after the hotter CPI data
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09:10 EDTFed Policy Outlook: firming in April CPI supports a September rate hike
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09:10 EDTTreasury Action: yields continued to levitate
Treasury Action: yields continued to levitate higher in the wake of the uptick in core CPI, through the 2.21% 50% retracement area of Thursday's 2.256-2.163% range, which puts the top end of that range in sight. This has been reinforced by the sharp reaction in the dollar moving higher, though equity losses have been fairly muted in pre-open trade. A break of the 2.25-2.26% area will be required to crack May's wedge or flag-shaped pattern and put 2.303% May 19 highs or 2.366% May 12 highs in reach. 2.20-2.16% reverts to yield support, should the bond market rethink the risks on Yellen's 13 ET speech. The 2s-10s spread has consolidated around +160 bp, with the deepest losses in the belly and the bond outperforming relatively.
09:05 EDTThe 0.1% April U.S. CPI rise
The 0.1% April U.S. CPI rise with a surprisingly firm 0.3% core price gain rounded from respective increases of 0.103% and 0.256%, with price strength attributable to a 0.9% price pop for medical care services and a 0.3% rise for owners' equivalent rent. Analysts now expect 0.1% PCE chain price figure with a 0.2% core price gain, and a 0.2% April nominal PCE rise with a 0.1% "real" gain. Our 2.5% Q2 GDP growth forecast assumes nominal consumption growth of 4.3% with a lean 1.7% "real" rise and a 2.6% chain price increase, after expected upward Q1 revisions that leave a 0.1% (was -0.1%) nominal Q1 growth rate with a 2.1% (was 1.9%) real rise and a 2.0% chain price contraction. The CPI figures defied the underperformance for other April inflation measures. Analysts saw a 0.4% April PPI drop with a 0.2% core price decline, and the 0.6% April PPI drop on the old SOP basis. The April trade price report revealed surprising April weakness after a two-month pause in the trade price downtrend.
09:00 EDT New York Federal Reserve Bank President William Dudley Speech to be released at 12:30
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09:00 EDT Federal Reserve Gov. Daniel Tarullo Speech to be released at 12:00
09:00 EDT Chicago Federal Reserve Bank President Charles Evans Speech to be released at 14:15
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09:00 EDT Boston Federal Reserve Bank President Eric Rosengren Speech to be released at 09:05
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09:00 EDT Federal Reserve Vice Chair Stanley Fischer Speech to be released at 12:30
09:00 EDT Federal Reserve Vice Chair Stanley Fischer Speech to be released at 11:30
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09:00 EDT Cleveland Federal Reserve Bank President Loretta Mester Speech to be released at 09:10
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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 | all recent NOSYMBOL news | >>

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