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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 2, 2015
10:15 EDTU.S. factory orders fell 1.0% in May
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10:06 EDTFactory Orders data reported
May Factory Orders down -1.0% vs consensus of -0.3% for the month
09:56 EDTAverages higher after U.S. job growth slows in June
Stock futures were higher early in the pre-market trading session and solidified in positive ground following the nonfarm payrolls and jobless claims data that was released prior to the open. The monthly report showed that job growth slowed in June and the unemployment rate ticked down as many left the labor force. Investors will now be looking at the next round of economic reports, which include the ISM New York regional data, factory orders for the month of May and the weekly natural gas inventories report. In early trading, the Dow is up 40 points, the Nasdaq is up 2 points and the S&P is up 4 points.
09:55 EDTTreasury Option Action: decent volume with a few standouts
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09:51 EDTBloomberg Consumer Comfort Index Level data reported
Week of 6/28 Bloomberg Consumer Comfort Index Level at 44.0
09:40 EDTU.S. Factory Goods Preview
U.S. Factory Goods Preview: May factory goods orders should reveal a 0.5% decline for orders (median -0.5%) with shipments up 0.4% and inventories down 0.1% for the month. This follows respective April figures of -0.7% for orders, flat for shipments and 0.1% for inventories. Data in line with our forecast should leave the I/S ratio steady at 1.34 for a third month.
09:30 EDTFX Action: EUR-USD has settled back under 1.1100
FX Action: EUR-USD has settled back under 1.1100 after making a 1.1121 post-payrolls high failing to sustain gains though the 50% retrace mark of yesterday's range. As analysts noted earlier, analysts don't expect sustained gains as market participants are in a noncommittal mode ahead of the long U.S. weekend and particularly Sunday's referendum in Greece. Notable option expiries at today's New York cut have strikes at 1.1100 and 1.1125.
09:25 EDTFed Policy Outlook: September is still the best guess for a Fed rate hike
Fed Policy Outlook: September is still the best guess for a Fed rate hike as the data still fit with a pop in Q2 growth to 3.0% and an overall moderate pace for the year, albeit with downside risk. However, the less than robust jobs report doesn't guarantee such action at the end of Q3, especially with policymakers reportedly becoming increasingly concerned over the growth implications from the Greek standoff and the firmer dollar. Payrolls posted their 14th 200k+ gain over the past 16 months, though it would have been 15 without the downward revision to April. the unemployment rate fell to 5.3%, the lowest April 2008, but for the wrong reason with a big decline in the labor force, which knocked the rate to its lowest since late 1977. Also, wage growth is a big part of the FOMC's tightening calculus, and the flat figure for June and the downward revision to May won't be inspiring. Continue to monitor growth and inflation data, as well as Fedspeak, for insight on the Fed's rate liftoff and trajectory.
09:10 EDTFor the jobs data impact on other June reports
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09:00 EDTThe 10k U.S. initial claims bounce
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08:50 EDTFor the U.S. jobs data impact on quarterly forecasts
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08:50 EDTU.S. initial jobless claims rose 10k to 281k in the week ended June 27
U.S. initial jobless claims rose 10k to 281k in the week ended June 27 versus 271k in the prior week. That brought the 4-week average up to 274.75k versus 273.75k previously. Continuing claims increased 15k to 2,264k in the week ended June 20 after climbing to 2,249k in the prior week (revised from 2,247k). The BLS said there was nothing unusual in the data.
08:45 EDTU.S. nonfarm payrolls rose 223k in June
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08:45 EDTFX Action: The dollar gapped over half a big figure lower
FX Action: The dollar gapped over half a big figure lower versus the euro in the initial wake of the U.S. payrolls release, which undershot expectations with a 223k headline. Initial claims also disappointed in rising to 281k. EUR-USD spiked to a high at 1.1120 high, which is an intraday high and brings the pair above the 50% retrace mark of yesterday's range. USD-JPY has dived to a low-so-far of 122.96, down from the 123.67 bid rate seen prior to the data releases.
08:45 EDTU.S. initial jobless claims rose 10k to 281k in the week ended June 27
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08:40 EDTFutures still pointing to higher open following jobs data
Stock futures remained above fair value following the release of several economic reports. The monthly nonfarm payrolls report showed the addition of 223,000 jobs, versus expectations for 233,000 jobs to have been added last month. The unemployment rate fell to 5.3% from the prior month’s 5.5% rate. The weekly jobless claims data showed initial claims were 281,000, versus expectations for 270,000 first-time claims.
08:30 EDTU.S. nonfarm payrolls rise 223,000, Unemployment rate drops to 5.3%
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08:25 EDTU.S. Employment Preview
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08:25 EDTU.S. Initial Jobless Claims Preview
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08:10 EDTFX Action: USD-CAD has continued to find demand on dips
FX Action: USD-CAD has continued to find demand on dips, earlier being picked up during what proved to be a brief dip below 1.2600. An 11-week peak was left at 1.2633 during the European AM session. The Apr-10 high at 1.2666 provides the next upside focus. Encouraging U.S. data this week have underpinned the greenback, along with expectations for a decent employment report today, while the CAD has been underperforming this week following an unexpected 0.1% dip in April Canadian GDP and sub-expectations IPPI data. The Canadian agenda today has the BRC manufacturing PMI for June.
<< 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 | all recent NOSYMBOL news | >>

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