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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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July 31, 2014
15:15 EDTNY Fed announced a $15 B buyback program for August
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15:05 EDTTreasury Closing Summary:
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15:00 EDTTreasury Action: reaction to the jobs data will depend on positioning
Treasury Action: reaction to the jobs data will depend on positioning and the data, of course, as well as a variety of other factors. Sources suggest the market is short, especially in the belly, so a disappointing report would reportedly prompt a short covering rally. Another bad reaction on Wall Street to Fed tightening prospects could also provide support. However, unwinding of some of today's month-end flows could limit buying following the release. Steepening trades have been the play today too since the GDP FOMC combo, and that trend may be sustained ahead of the August refunding auctions (to be announced Wednesday). Meanwhile, the guts of the report could be a factor too, depending on the locus of strength/weakness in the data. The market is priced for a robust payroll gain and the headline may have to top 250k to get a response. The focus will also be on the unemployment rate and earnings.
14:30 EDTU.S. Construction Spending Preview
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14:30 EDTU.S. Manufacturing ISM Preview
U.S. Manufacturing ISM Preview: The July ISM is out on Friday and should reveal a slight increase to 55.5 (median 56.0) from 55.3 in June. The ISM is among the economic releases that is likely to benefit from the strong path of truck production in July. Analysts have already seen significant gains in many other measures of producer sentiment and analysts expect this trend to continue with tomorrrow's release.
14:25 EDTU.S. Michigan Consumer Sentiment Preview
U.S. Michigan Consumer Sentiment Preview: The second release on Michigan Sentiment will be released on Friday and analysts expect the headline to be revised to 82.0 (median 81.5) from 81.3 in the first release and 82.5 in June. Over the past year the second release of Michigan Sentiment has been consistently revised higher. Consumer confidence for the month has already been released and jumped higher to 90.9 from 86.4 in June.
14:25 EDTU.S. Personal Income Preview
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14:20 EDTU.S. Employment Preview
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14:00 EDTTreasury Action: Treasuries are slightly higher amid various crosscurrents
Treasury Action: Treasuries are slightly higher amid various crosscurrents. The front end of the curve is outperforming slightly, with the 2-year yield down a couple of basis point to 0.535%, correcting a bit from yesterday's GDP and Fed inspired selloff that saw the rate close at 0.557%, the highest in more than 3 years. The 10-year yield is little changed at 2.55%, after having climbed 10 bps yesterday. Shorts have been covering heading into tomorrow's key jobs report. The front end is benefiting from flight out of stocks and high yield bonds. Also, curve steepeners have become the trade du jour, though it's a bullish move today. The unexpected drop in the Chicago ISM also has supported the recovery in Treasuries. Sources suggest the market is still quite short, especially in the belly, heading into the jobs data.
13:00 EDTJuly Import and Export Prices to be released at 08:30
13:00 EDTWeek of 8/9 Jobless Claims to be released at 08:30
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12:55 EDTU.S. equities extended losses thanks to the wall of worry
U.S. equities extended losses thanks to the wall of worry in the credit markets, including the high-stakes Argentina default, BES plunge, Russian standoff, etc. The plunge in Chicago PMI also took a toll, along with the earlier rise in ECI, which came in hot on the heels of yesterday's Fed upgrade on the inflation outlook. Note, the VIX equity volatility index is over 21% higher to clear 16.0 from lows of 14.28, compared to 11.4 just a week ago. At 16.28 that's the highest level since April 18. The NASDAQ comp dropped over 2% lower earlier, while the Dow and S&P are 1.5-1.6% down. In terms of the Dow, deepest losses are on NIKE -2.9%, Exxon -2.6% and UnitedHealth -2.4%, while the shallowest losses are on Coke -0.28%, P&G -0.5% and UT -0.55%.
12:40 EDTTreasury Option Action: mainly bearish positioning
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11:50 EDTArgentina debt holdout fund Aurelius Capital
Argentina debt holdout fund Aurelius Capital said they've received no credible proposals for a private debt sector purchase worthy of serious consideration. It has been approached in the past to sell its untendered Argentine debt, but press reports about other approaches have been "inaccurate." This seems to refer to rumors that JP Morgan is brokering a private deal, while an Argentinean bank coalition has also been rumored to putting a deal together to satisfy the renegade fund debt holders. Aurelius seems to suggest that nothing serious has been tabled yet ahead of the next round in the courts on Friday. Wall Street continues to suffer at the hands of Fed tightening concerns after ECI and credit contagion.
11:50 EDTFX Action: USD-JPY is holding up fairly well
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11:20 EDTTreasury Action: TIPS are rallying, not surprisingly
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11:15 EDTNY Fed bought $1.133 B in bonds
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11:10 EDTArgentina default update: a new hearing has been scheduled
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11:10 EDTTreasury announced a $53 B 3- and 6-month bill auction for Monday
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10:35 EDTNY Fed outright purchase: Fed is buying $1 B to $1.25 B in bonds
NY Fed outright purchase: Fed is buying $1 B to $1.25 B in bonds dated from February 15, 2036 through May 15, 2044. This is the last of the July buybacks. This afternoon the Fed will announce its August schedule, expected to total $15 B after yesterday's FOMC decision.
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 | 29 | all recent NOSYMBOL news | >>

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