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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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February 5, 2016
15:10 EDTU.S. consumer credit surged $21.3 B in December
U.S. consumer credit surged $21.3 B in December after a $14.0 B November gain and the $15.1 B October increase (revised from $15.6 B). Non-revolving credit paced the strength with a $15.4 B jump after the prior $7.7 B gain (revised from $8.3 B). Revolving credit was up $5.8 B from $6.4 B previously (revised from $5.7 B). Credit has been slowing, however, with Q4 slipping to a $50.5 B gain versus $61.5 B in Q3 and $71.5 B in Q2.
15:01 EDTConsumer Credit data reported
December Consumer Credit at $21.3B vs. consensus of $16.5B for the month
14:35 EDTU.S. consumer credit preview:
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14:10 EDTTech continues to take it on the chin
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14:05 EDTMarket moves to session lows, Nasdaq down 3%
Stocks are deep in negative territory and have moved to session lows. The Nasdaq continues to lead the market lower and is down 3%, while the S&P's losses approach 2% and the Dow drops 1.4%. The price of oil is only fractionally lower, putting today's trading in sharp contrast to the past 6 weeks, which have seen the commodity and equities trade in lock step. As expected, declining stocks are ahead of advancing stocks by 7:2 and down volume is far ahead of up volume.
13:50 EDTEuro$ interest rate options: trade in risk reversals
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13:50 EDTNY Fed's 3-day reverse repo totaled $50.89 B, with 32 counterparties
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13:25 EDTTreasury Action: yields have retraced from highs
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13:20 EDTEnergy Action: NYMEX crude popped up to $31.85
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13:07 EDTBaker-Hughes Rig Count N. Amer. data reported
Week of 2/5 Baker-Hughes Rig Count N. Amer. at 813
12:25 EDTU.S. Jobs Report Outperforms, Despite Payroll Shortfall:
U.S. Jobs Report Outperforms, Despite Payroll Shortfall: The jobs data beat estimates by all metrics but payrolls, which posted a restrained 151k headline gain despite an oddly robust 40k goods sector rise. Annual revisions lowered December payrolls by 105k, but this left a boost for job growth since the 206k downward benchmark bump in March. The workweek rose to a cycle-high 34.6 and hours-worked surged by 0.4%, though with a flat hours-worked figure for goods, alongside a 0.5% wage surge that was partly lifted by minimum wage hikes. Analysts saw big gains of 615k for civilian employment and 502k for the labor force as often happens in January, while the jobless rate plunged to a cycle-low 4.92%.
12:00 EDTChina fired a shot across the bows of speculators
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11:30 EDTFX Action: USD-JPY has recovered
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11:05 EDTU.S. equities have extended losses
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10:55 EDTFor the U.S. jobs data impact on the quarterly outlook
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10:45 EDTJobs report keeps Fed March hike decision in limbo
Jobs report keeps Fed March hike decision in limbo according to the spin from WSJ Fedwatcher Hilsenrath (subscription), leaving the Fed in "watchful waiting mode." He said the Fed had been expecting the pace of payrolls gains to slow down from 279k average in Q4 and Yellen at the December JEC had said even 100k growth would be sufficient to keep absorb new entrants and stabilize unemployment. Moreover, the dip in the jobless rate below 5.0% "reinforces the central theme behind the Fed's December rate increase--slack in the job market is diminishing and will eventually lead to more wage and inflation pressure. A 12-cent increase in average hourly earnings, which lifted wages by 2.5% from a year earlier, underscores that theme." For now the Fed is balancing slower Q4 growth against any more signs of firming inflation or wages, or jobless dip. But, "it is likely to be a last-minute decision either way, keeping investors guessing along the way," he said. In either case, it would appear that volatility will be the winner in the meantime.
10:25 EDTAtlanta Fed's GDPNow for Q1 was raised to 2.2%
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10:25 EDTEnergy Action: NYMEX crude crashed to $30.92
Energy Action: NYMEX crude crashed to $30.92 lows from post-jobs report highs of $32.42, before recovering to current $31.55 levels. Oversupply concerns continue to kill any nascent oil rallies, and without an agreement from producers to cut back supply, the market is expected to sell into strength, as it has been for months.
10:20 EDTThe U.S. trade deficit rose by less than expected
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10:05 EDTCanada Ivey PMI Preview
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