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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| June 19, 2013 |
| 09:33 EDT |  | | CBOE Volatility Index VIX is recently up 36c to 16.97
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| 09:29 EDT | | | CBOE VIX futures June at 16.80, August at 18.35, February is at 21.30
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| 09:12 EDT |  | | Architecture Billings Index rebounds to 52.9 in May
Following the first reversal into negative territory in ten months in April, the Architecture Billings Index bounced back in May, as he American Institute of Architects reported the May ABI score was 52.9, up from a mark of 48.6 in April. This score reflects an increase in demand for design services. The new projects inquiry index was 59.1, up slightly from the reading of 58.5 the previous month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending, AIA said. |
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| 09:10 EDT | | | FOMC started today's meeting
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| 09:10 EDT | | | Treasury Option Action: a large bearish position
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| 09:05 EDT | | | Treasury Action: Treasuries have extended gains modestly
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| 08:54 EDT |  | | MKM Partners analyst holds an analyst/industry conference call
Analyst Darda provides an update on the rate outlook on an Analyst/Industry conference call to be held on June 19 at 11 am. |
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| 08:50 EDT | | | U.S. equities are adrift ahead of the FOMC
U.S. equities are adrift ahead of the FOMC statement and projections due at 14 ET this afternoon, followed by the Chairman's press conference at 14:30 ET. Stocks are mixed in pre-open trade, with the Dow off 2-points, S&P fractionally higher and NASDAQ 5-points firmer. In Asia, Japan's N-225 rallied 1.83%, while the HK Hang Seng sank 1.13% and the Shanghai Comp fell 0.62%. Most European bourses are also lower, with the Euro Stoxx 50 off 0.4%. In corporate news, Fedex earnings handily beat the Street thanks to shipping demand and lower jet fuel prices, but its shares were little changed. Adobe Systems rallied nearly 7% after its earnings grew with new cloud-based software offerings. Softbank of Japan appeared to get the upperhand with its bid for Sprint Nextel over rival Dish Networks. Investor Icahn doubled his stake in Dell. Wall Street darling Tesla Motors announced a recall of 800 Model S cars. |
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| 08:27 EDT |  | | SEC may change policy on admissions of wrongdoing, FT reports
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| 08:10 EDT | | | Fed funds opened at 0.09%
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| 08:05 EDT | | | U.S. MBA mortgage market index sank 3.3%
U.S. MBA mortgage market index sank 3.3% in data released earlier, in addition to a 3.0% slide in the purchase index and a 3.4% drop in the refinancing index for the Jun-14 week. Mortgage rates continued to back higher as market yields priced in risk the Fed could tip its hand on winding down QE today following rounds of contradictory Fedspeak and media speculation. The average 30-year fixed rate edged up 2 basis points to 4.17%, according to the MBA, while Zillow.com shows the national average near 3.83% including points and fees. Beginning to normalize policy prematurely by the Fed risks harming the still fragile recovery, though policy will still be highly stimulative even with the start of a QE windown. For more on the housing sector, see existing home sales, housing starts and new home sales. |
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| 08:01 EDT | | | Standard & Poor's to host a teleconference
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| 07:45 EDT | | | Deutsche Bank to host a conference
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| 07:45 EDT | | | FX Action: USD-CAD was steady overnight
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| 07:39 EDT | | | Federal Reserve Chairman Bernanke to hold a news conference
Following the June 18-19 Federal Open Market Committee meeting, Federal Reserve Chairman Bernanke holds a news conference where he announces any changes in the Fed's policy decided at the meeting, and gives a general outlook for the economy on June 19 at 2:30 pm. Webcast Link |
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| 07:30 EDT | | | Futures above fair value in early trading
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| 07:25 EDT | | | Treasury Market Outlook: Treasuries are little changed
Treasury Market Outlook: Treasuries are little changed, though there is a mild bid in the market. Trading volume was predictably light ahead of the FOMC announcement (14:00 ET). The 10-year yield ranged narrowly around 2.17%. The 2-year yield is at 0.26%. Core bonds overseas are slightly higher with Bunds outperforming. Equities are mixed with European bourses mostly lower, with the exception of the DAX, while Japan's Nikkei posted a 1.8% advance in contrast to losses around the region. There wasn't much data. Japan showed an encouraging 10.1% y/y rise in eqports. BoE minutes showed a 6-3 vote to refrain from more QE. The U.S. calendar is thin with just the MBA mortgage applications report, which showed a 3.3% decline for the week ended June 14. The only other items on the slate are oil inventories. There is no Fed buyback today. |
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| 07:20 EDT | | | N.Y. FX Outlook
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| 07:10 EDT | | | Fed expected to keep options open on bond buying, Reuters reports
Federal Reserve policymakers will likely announce today that they will keep buying bonds at a monthly pace of $85B, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve, reports Reuters. Reference Link |
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| 07:08 EDT | | | IMF says Spain's economy improving, Reuters reports
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