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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 8, 2015
14:19 EDTAverages higher in broad advance
Stocks remain in a narrow range in afternoon trading, albeit at sharply higher levels. The Dow is leading the way with a gain of 1.4%. The Nasdaq has begun to lag the other indices, but is still higher by 1%. Advancing issues are ahead of declining issues by nearly 3:1, while up volume is even further ahead of down volume. Crude oil prices are higher by 0.9% and gold is higher by 0.5%.
14:15 EDTFedspeak turns a bit quiet next week
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13:10 EDTU.S. equity update: Goldilocks is still touting stocks
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11:55 EDTEuro$ interest rate options: bullish put liquidation
Euro$ interest rate options: bullish put liquidation followed the tame payrolls report, with sources citing a sale of 40k in June 99.625 puts, which is reportedly part of a large long position of 250k in June 99.625/99.50 put 1x2s from a few months prior set perhaps when the Fed dropped QE and started hinting about rate lift-off. The December 2015 contract is still 5-ticks higher near 99.43, while the deferreds are now 5-12 ticks higher, redoubling gains out the back end.
11:55 EDTU.S. Jobs Data Confirm Moderate Growth Path:
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11:15 EDTTreasury Option Action: some put liquidation
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10:42 EDTCredit Suisse economist to hold an analyst/industry conference call
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10:40 EDTFX Action: USD-JPY based at 119.60
FX Action: USD-JPY based at 119.60, above the 20-day moving average of 119.47, and has since recovered to 119.80. The pairing's foray to 120.23 three-session highs didn't last long, as sellers continue to sell heavily over the figure. Barring surprises, analysts look for steady as she goes into the weekend.
10:35 EDTThe 0.1% U.S. March wholesale inventory rise
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10:31 EDTBarclays healthcare analysts hold an analyst/industry conference call
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10:25 EDTTreasury Action: May refunding supply will throw a monkey wrench
Treasury Action: May refunding supply will throw a monkey wrench into the bond market next week, according to trading sources. The Treasury auctions $64 B in coupons next week, including $24 B in 3s, $24 B in 10s, and $16 B in 30s. Despite the dramatic selloff over the last couple of weeks, the Street is still long duration (perhaps uncomfortably so) and could balk at absorbing more paper, especially given the volatility in prices. Today's jobs report is limiting concession building, with the wi 3-year a whopping 9 bps lower at 0.955%, while the 10-year is down 7 bps to 2.11%, with the 30-year off 5 bps at 2.86%. While a June Fed rate hike is pretty much off the table, a stop here for the 3-year would be one of the richest since August, and that may limit domestic demand. Similarly for the 10-year. And while the 2.86% on the bond would be the cheapest award rate since November, it may not be enticing enough given the recent pick-up in inflation worries. Indirect bidders should continue to carry the day given still wide differentials, but Bunds were whacked hard in the recent selloff and European investors may be more hesitant than in recent past. On the other hand, Japanese accounts have been decent buyers on dips and they may continue to participate next week.
10:15 EDTU.S. wholesale sales fell 0.2% in March, while inventories increased 0.1%
U.S. wholesale sales fell 0.2% in March, while inventories increased 0.1%. The 0.2% decline in February sales was revised lower to -0.6%. Sales have slid for 4 straight months, which is the longest string since 2008, and have not posted a gain since July. Weakness was broad-based, but concentrated in petroleum. February's 0.3% inventory gain was nudged down to 0.2%. March inventories were boosted by computers. The inventory-sales ratio was flat at 1.30 (February was revised up from 1.29). The data are weaker than expected and may weigh further on Q1 GDP.
10:15 EDTTreasury Action: yields steadied above lows
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09:55 EDTNY Fed dove Dudley made no comments on policy
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09:52 EDTFCC's Public Safety & Homeland Security Bureau hosts a Public Workshop
The FCC's Public Safety and Homeland Security Bureau hosts a Public Workshop to discuss developments in the use of applications (apps) installed on smartphones and other devices to contact emergency services at FCC Washington, D.C. offices on May 8 at 10 am. Webcast Link
09:40 EDTU.S. Wholesale Trade Preview
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09:35 EDTJobs rebound lifts market at open
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09:35 EDTFor the U.S. jobs data impact on quarterly forecasts
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09:35 EDTEuro$ interest rate futures jumped for joy
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09:25 EDTThe U.S. April jobs report
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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 | >>

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