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Stock Market & Financial Investment News

News Breaks
December 12, 2012
12:55 EDTFed announces new securities purchases, monetary policy criteria
The Fed's Open Market Committee announced that it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires at the end of December. Furthermore, the central bank will continue to reinvest principal payments from its current holdings into agency mortgage-backed securities. Moreover, the Fed will resume rolling over maturing Treasury securities at auction and continue buying $40B of additional mortgage backed securities per month. The Fed will continue buying securities if the employment outlook doesn't improve in coming months, the committee added. As expected, the Fed left the target range for the federal funds rate at 0%-0.25%. In a new step that had been discussed as a possibility but not necessarily expected by analysts, the central bank adopted monetary policy thresholds. The Fed anticipates that it will keep interest rates exceptionally low "at least as long as the unemployment rate remains above 6.5%, inflation one or two years in the future is projected to be no more than 0.5% above the Fed's 2% long-term goal, and longer-term inflation expectations remain well-anchored." The Fed had previously said that rates would remain exceptionally low through at least mid-2015. As far as the economy, the central bank stated that the economy continues to expand at a moderate pace, excluding weather events. Household spending has continued to increase, but business' investments have slowed, the Fed reported. As usual, one committee member, Jeffrey Lacker, voted against the Fed's action.
News For NOSYMBOL From The Last 14 Days
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April 9, 2014
09:30 EDTU.S. Wholesale Trade Preview
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09:10 EDTEuro$ interest rate options: bullish positioning
Euro$ interest rate options: bullish positioning included the sale of 5k in Short may 88/91/93 put butterflies. The Jun 2014 contract is a half-tick higher ar 99.77, while the deferreds are mostly 1-4 ticks lower.
08:45 EDTU.S. equities extended their rebound
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08:41 EDTFDIC to hold a meeting
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08:25 EDTN.Y. FX Outlook
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07:55 EDTFed funds opened at 0.08%
Fed funds opened at 0.08% after a 0.05% close Tuesday. The rate ranged from 0.05% to 0.3125% yesterday with a 0.09% effective. Interbank borrowing rates were flat to higher at today's Libor fixing. The overnight dollar Libor rate inched up to 0.08860% from 0.08850% yesterday. The 1-week rate rose to 0.11925% from 0.11850%. The 3-month rate rose to 0.22755% from 0.22730%. And the 12-month rate was steady at 0.55300%. In the repo market, it's the current 3-year note that is special at -0.12%.
07:38 EDTChicago Federal Reserve Bank President Evans to be keynote speaker at conference
Chicago Federal Reserve Bank President Evans gives a keynote speech, "Fed Communications and Goal-Oriented Monetary Policy" at the 23rd Annual Hyman P. Minksy Conference being held in Washington, D.C. on April 9 at 3:30 pm.
07:37 EDTBloomberg Government to hold a webinar
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07:35 EDTU.S. MBA mortgage market index fell 1.6%
U.S. MBA mortgage market index fell 1.6% in data released earlier, along with an increase in the purchase index of 2.7% and a drop in the refinancing index of 4.9% for the week ended Apr-4. Mortgage rates were stable as the stock market began its swoon last week after the relatively tame Mar payrolls print, with the average 30-year fixed rate unchanged at 4.56%. Since then, Russian geographic ambitions appeared to manifest inside the Ukraine again, which kept the markets unsettled and a lid on market yields. Winter hasn't been kind to the housing sector, though there's expected to be a spring thaw for the sector along with the usual seasonal uptick. For more on housing, see our existing home sales, housing starts and new home sales reports.
07:30 EDTTreasury Market Outlook: Treasury yields edged higher overnight
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07:26 EDTJPMorgan to hold a forum
Greater China London 1:1 Forum is being held in London, England on April 9-10.
07:17 EDTBofA/Merrill to hold a workshop
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07:01 EDTMBA Purchase Applications Index data reported
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07:01 EDTMBA Purchase Applications Refinance Index data reported
Week of 4/4 MBA Purchase Applications Refinance Index down -5.0% for the week
07:01 EDTMBA Purchase Applications Composite Index data reported
Week of 4/4 MBA Purchase Applications Composite Index down -1.6% for the week
07:00 EDTEuropean FX Update
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06:06 EDTOn The Fly: Morning Wrap-Up for April 9
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05:46 EDTApril front month equity options expire, April 17, 2014
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05:30 EDTFX Action: The USD has managed a rebound
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02:15 EDTFX Update: The AUD rose to a new high on data
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