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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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| May 16, 2013 |
| 16:28 EDT |  | | GDP to be released at 08:30
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| 16:28 EDT | | | Week of 5/25 Jobless Claims to be released at 08:30
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| 16:28 EDT | | | Corporate Profits to be released at 08:30
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| 15:20 EDT | | | Treasury Closing Summary:
Treasury Closing Summary: Yields rotated sharply lower as the losing streak in U.S. data continued on Thursday, though largely ignored by stocks which preferred to look at the bright side in terms of the Fed QEinfinity while marveling at the elevation of Cisco after its stellar earnings report. Bond-friendly news came from the sizable rebound in claims and plunge in housing starts, and tame core CPI, followed by another plunge on the Philly Fed index. Fedspeak ran the gamut from dovish Rosengren to hawkish Fisher, though WSJ Fedwatcher Hilsenrather later in his blog said the Fed isn't that concerned about deflationary risks due to quirks in the inflation data. |
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| 15:08 EDT | | | Fed's Williams says central bank may trim bond buying by Summer, DJ reports
Williams says Fed may be able to halt QE program by year end, according to Dow Jones. |
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| 15:07 EDT | | | Moody's upgrades Turkey government bonds to 'Baa3' from 'Ba1', outlook stable
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| 14:55 EDT | | | Canada Wholesale Preview
Canada Wholesale Preview: Analysts expect wholesale shipments, due Friday, to rise 0.5% in March (median +0.1%) after the flat reading in February. The 0.3% drop in March manufacturing shipments is a downside risk for our wholesale sales projection. The wholesale report will help firm-up the March GDP forecast. Analysts currently expect March GDP to rise 0.1% after the 0.3% surge in February. |
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| 14:30 EDT | | | BoJ is expected to discuss the impact of the surge in JGB yields at next week's policy meeteing
BoJ is expected to discuss the impact of the surge in JGB yields at next week's policy meeteing (Tuesday, Wednesday), according to the Nikkei. There have been concerns over the volatity and jump in rates that have seen the 10-year JGB yield climb from 0.436% on April 4 when the Bank announced it's massive buyback operation, to an intraday high at 0.92% on Wednesday. Policymakers will also discuss the various risks associated with the move up in rates, and the potential impact on the 2% inflation target. They may also revise their economic outlook higher. Meanwhile, PM Abe indicated he will outline a more stimulus measures Friday, including ways to encourage leasing to boost capital spending. |
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| 14:00 EDT | | | Averages mixed in lackluster session
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| 13:20 EDT | | | Treasury Action: the bond market has sustained its early, post-data gains
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| 13:20 EDT | | | More from Rasking: incomes are not increasing at a "robust level"
More from Rasking: incomes are not increasing at a "robust level" [sic] she said in post speech Q&A. She added that student debt is an important element of the economy. She worries it could restraing household formation. The Fed is monitoring the "mounting levels of student debt." |
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| 12:50 EDT | | | Fed's Raskin said the Fed's highly accommodative policy stance is appropriate
Fed's Raskin said the Fed's highly accommodative policy stance is appropriate in her speech on "Prospects for a Stronger Recovery" before the Society of Government Economists and the National Economists Club. Asset purchases have provided "meaningful support" to the recovery. She projects a moderately paced recovery and a gradual decline in the unemployment rate, and reiterated sentiment from the FOMC that fiscal policy is an "important source of restraint," along with income inequality, while the financial sector is presenting less of a headwind. Analysts see nothing in the tone of her comments that would suggest she would argue for QE tapering any time soon. |
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| 12:46 EDT |  | | Bank of Japan to discuss impact of long-term rate increase, Nikkei says
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| 12:25 EDT | | | Euro$ interest rate options: a few more mostly bearish deals
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| 12:05 EDT | | | U.S. corporate debt: a Thomson Reuters $800 M 2-trancher
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| 10:55 EDT | | | Treasury announces 10-year TIPS reopening details at the top of the hour
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| 10:55 EDT | | | Today's U.S. reports
Today's U.S. reports mostly provided downside surprises that highlighted May factory sector weakness via a weak Philly Fed report, likely April weather disruptions to construction given a big housing starts drop despite a permits pop that was a concentrated in both the South and the multi-family sector, a claims surge that reversed the good news in the last two weekly reports, and surprising price weakness in the April CPI report. One silver lining to the weak CPI price data is that it boosted prospects for Q2 "real" consumption growth, which analysts now peg at 2.5% as households continue to defy the policy headwinds from tax rate hikes and sequestration. |
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| 10:35 EDT | | | More from Fed hawk Fisher:
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| 10:30 EDT | | | EIA Natural Gas Storage Change for the week ending May 10
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| 10:30 EDT | | | The May Philly Fed drop to -5.2
The May Philly Fed drop to -5.2 from 1.3 left the index above recent negative readings of -12.5 in February and -5.8 in January but below the 4.6 recent-high in December. The ISM-adjusted measure bucked the headline drop with a rise to 47.1 from 46.8 in April, versus a 50.6 recent-high in December and a 44.4 recent-low in June of 2012. The Philly Fed drop accompanied a May Empire State decline to -1.43 from 3.05, alongside an ISM-adjusted drop to 49.0 from 50.1. Analysts now expect a Chicago ISM rise to 49.5 (was 50.0) from 49.0, an ISM down-tick to 50.5 (was 51.0) from 50.7, and an ISM-NMI down-tick to 53.0 (was 53.5) from 53.1. The mix should leave the ISM-adjusted average unchanged from 50 in April, versus 51 in March, a 53 nine-month high in February, a 58 cycle-high in February of 2011, and a 36 cycle-low in March of 2009. |
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