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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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August 22, 2014
11:23 EDTBofA/Merrill Russian & CIS economist holds analyst/industry conference call
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11:00 EDTTreasury Action: yields are backing up to highs
Treasury Action: yields are backing up to highs again despite Yellen's best attempt to be a 2-handed economist on the complex topic of labor market slack. She even went so far as to quote the FOMC statement and reiterate that any move is data-dependent - could tighten sooner if the economy picks up faster or delay if it slows down. Curiously, the move up in yield back toward 2.44% pivot on the T-note seems to be led by a jerk higher in the dollar, which has cleared 104 vs the yen and hit 1.3220 vs the euro. The USD index has posted a fresh 11-month high of 82.41. No doubt this is the favored trade by those looking for more dovish hints from ECB's Draghi later at 14:30 ET. Stocks have really just rotated in place.
10:25 EDTFX Action: The dollar initially slipped
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10:20 EDTFed Chair Yellen's speech was fairly neutral and very "two-handed"
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10:15 EDTTreasury Action: yields jerked to highs
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10:15 EDTFed Chair Yellen's speech was relatively neutral and very "two-handed"
Fed Chair Yellen's speech was relatively neutral and very "two-handed" in terms of the policy course. She said there's no "simple receipe for appropriate policy." She indicated the economy is improving and the FOMC now is questioning the degree of slack in the economy, adding that assessing the latter has become more difficult. She continued to appeal to a variety of labor market indicators for assessing slack. She also repeated that faster progress toward the employment and inflation goals could speed up rate hikes, but if progress is disappointing, then the accommodative stance could remain intact for longer -- that is, the Fed is data dependent. She indicated cyclical and structural factors have both affected the labor market.
10:06 EDTYellen says economy 'getting closer' to Fed's objectives
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09:55 EDTOil Action: NYMEX crude is down 67 cents
Oil Action: NYMEX crude is down 67 cents at $93.29, with the recent supply/demand imbalance continuing to weigh on prices. The API reported on Thursday that U.S. oil production is at a 28 year high. Meanwhile. OPEC continues to pump at elevated levels, while concerns over slowing growth in China and Europe should keep crude prices pressured. Sources look for a downside target of $90 in the coming week.
09:45 EDTA couple of papers on labor at Jackson Hole
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09:38 EDT Market has uneventful open
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09:35 EDTFed Policy Outlook: it's all about Yellen and Draghi today
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09:10 EDTEuro$ interest rate options: bullish positioning
Euro$ interest rate options: bullish positioning included the sale of 5k in Green December 76 puts. That said, trading conditions in the underlying rate futures are pretty quiet heading into Yellen's speech, which is embargoed for 10 ET and will contain no Q&A. The lead September 2014 contract is a quarter point lower near 99.7625, while the deferreds are 0.5-1.0 ticks lower.
09:05 EDTFX Action: USD-CAD sprinted up to 1.0980
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08:45 EDTU.S. equities were dented by Russian convoy acrimony
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08:31 EDTEuropean Central Bank President Draghi to speak at symposium
European Central Bank President Draghi to speak at the Federal Reserve's Annual Symposium: Re-Evaluating Labor Market Dynamics being held in Jackson Hole, WY on August 22 at 2:30 pm.
08:30 EDTMore from Bullard: he cheered the Fed's actions on rescuing the economy
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08:20 EDTStL Fed's Bullard said a more hawkish slant doesn't have to be bad news
StL Fed's Bullard said a more hawkish slant doesn't have to be bad news for the economy in referring to the tone of the FOMC Minutes. The markets have been trading more dovishly than the median of the Committee's SEP would suggest. Why should the market price for the very lowest end of the Fed's dot forecasts. The economy has been improving more quickly than expected. Bullard is still seeing rate lift-off around the end of Q1, which would be the March 17, 18 FOMC meeting. He believes the Fed has been too pessimistic on unemployment. He argued at the last policy meeting about characterization labor underutilization as "significant." These comments are consistent for the more hawkishly inclined Bullard, who is not a voter this year or next.
08:12 EDTFederal Reserve Bank Chairperson Janet Yellen speaks at symposium
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08:10 EDTCanada CPI Preview
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08:10 EDTCanada Retail Sales Preview
Canada Retail Sales Preview: Analysts expect retail sales to expand 0.5% m/m in June (median +0.4%) after the 0.7% rise in May. The ex-autos sales aggregate is expected to rise 0.3% m/m in June (median +0.4%) after the 0.1% move higher in May. Gasoline prices marched higher, which should again lift gasoline station sales. An as-expected gain in sales would underpin the Q2 GDP rebound scenario, but not deter the BoC's focus on the less certain growth outlook this year amid serial disappointment globally and in Canada.
<< 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 | all recent NOSYMBOL news | >>

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