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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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November 18, 2014
09:45 EDTU.S. NAHB housing market index preview:
U.S. NAHB housing market index preview: the housing market index (HMI) is seen rising 2-points to 56 in November from 54. For more detail, see the NAHB website.
09:42 EDTQuiet open suggests another lackluster session
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09:35 EDTTreasury Action: the market remains range-bound
Treasury Action: the market remains range-bound with the 10-year yield tightly confined to the 2.28% to 2.38% zone for now. It's not clear what will break the market out, probably one of the unforecastable events that crop up on occasion. A less than hawkish slant to the FOMC Minutes tomorrow my help knock yields to the lower end of the range. Curve flattening trades, softer inflation, and prospects for further BoJ and ECB stimulus also point to lower yields. But, the omnipresent thought that the Fed will start normalizing rates next year should help put a floor under rates. Sources also say current market positioning doesn't argue for much of a decline in yields -- the JPMorgan "all client" survey showed a rise in net longs and a fall in net shorts, with the latter at the lowest level since April.
09:05 EDTThe 0.2% U.S. October PPI rise with a 0.4% core price pop
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09:00 EDTFX Action: USD-CAD peaked at 1.1305
FX Action: USD-CAD peaked at 1.1305 after the U.S. PPI data, rallying modestly from 1.1290. The pairing based at 1.1260 in London, and made its way higher into the North American open as oil prices gave back overnight gains. WTI is trading at $75.30, after peaking at $76.44 earlier. Equity futures meanwhile, are struggling to hold on to modest gains, also supportive of USD-CAD currently. Support remains at 1.1260, while Monday's 1.1328 high steps in as interim resistance.
09:00 EDTU.S. equities are largely unchanged
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09:00 EDTU.S. TIC preview:
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08:45 EDTFX Action: The dollar moved higher
FX Action: The dollar moved higher across the board following the hotter PPI outcome, though reaction was limited overall. EUR-USD dipped to 1.2505 from 1.2525, as USD-JPY touched 116.66, up from 116.50. Equity futures managed to move modestly higher, while yields edged up perhaps a basis point.
08:45 EDTTreasury Action: yields bounced from lows
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08:40 EDTU.S. PPI rose 0.2% in October with the core rate climbing 0.4%
U.S. PPI rose 0.2% in October with the core rate climbing 0.4%, versus September's data showing a 0.1% dip in the headline and an unchanged reading on the core. The annual rate slowed to a 1.5% y/y pace last month, versus 1.6% y/y, while the core rate was 1.8% y/y versus 1.6% y/y. Goods prices fell 0.4%, a 4th consecutive monthly decline, with energy prices dropping 3.0% and food prices rising 1.0%. Service sector prices edged up 0.5%. The data are hotter than expected but are having minimal impact on the markets currently.
08:32 EDTFutures show little reaction to producer prices report
Stock futures remain quiet following the release of the producer prices report for October. Prices rose 0.2% during the month versus expectations of a decline of 0.1%, while the core reading, which excludes food and energy was up 0.4% versus expectations of an increase of 0.1%.
08:25 EDTMinneapolis Fed dovish dissenter Kocherlakota
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08:15 EDTU.S. PPI preview:
U.S. PPI preview: overall-PPI is expected to fall 0.3% in October with a 0.1% core index figure. Forecast risk is downward, as analysts may see continued weakness in some commodity prices. Indeed, analysts expect energy prices to be a drag on the month as WTI prices declined 10%. preview for more.
08:10 EDTOil Action: NYMEX crude traded to $76.44/bbl
Oil Action: NYMEX crude traded to $76.44/bbl highs overnight, before slipping back to current $75.55 levels. Increased speculation that OPEC will cut production when it meets next week in Vienna has been supportive of prices most recently, though traders now say a failure by the cartel to curb production could lead to another quick sell-off, with the $70/bbl level targeted.
08:02 EDTHouse Financial Services Committee to hold a hearing
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08:00 EDTU.S. ICSC Goldman Sachs chain store sales index edged up 0.2%
U.S. ICSC Goldman Sachs chain store sales index edged up 0.2% in the week ended November 15 after a 1.5% rebound in the week before. The y/y pace accelerated slightly to a 2.2% y/y clip from 2.1% y/y. The drop in gas prices was noted as a source of support for sales, which should make for a good holiday shopping season.
07:59 EDTMinneapolis Federal Reserve Bank President speaks on monetary policy
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07:58 EDTHouse Transportation & Infrastructure Committee to hold a hearing
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07:56 EDTFDIC to hold a meeting
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07:53 EDTICSC-Goldman Store Sales data reported
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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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