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Stock Market & Financial Investment News

News Breaks
December 26, 2012
09:03 EDTRedbook Store Sales data reported
Week of 12/22 Redbook Store Sales up 2.4% for the year
News For NOSYMBOL From The Last 14 Days
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May 22, 2013
07:21 EDTFutures near fair value
Stock futures are once again near fair value ahead of today's trading. Investors will be watching the existing home sales report due out at 10:00 am ET, as well as the Department of Energy's weekly inventory data. In the afternoon investors will examine the minutes of last month’s FOMC meeting and look for indications of any changes in Fed policy.
07:20 EDTN.Y. FX Outlook
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07:16 EDTSenate panel approves immigration reform bill with amendment, NY Times says
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07:09 EDTDollar idles before Bernanke testimony, Reuters reports
The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, reports Reuters.Reference Link
07:08 EDTIssuance of single-borrower deals is growing, WSJ reports
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07:01 EDTMBA Purchase Applications Index data reported
Week of 5/17 MBA Purchase Applications Index down -3.0% for the week
07:01 EDTMBA Purchase Applications Composite Index data reported
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07:01 EDTMBA Purchase Applications Refinance Index data reported
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06:30 EDTCommodities were mostly higher
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05:55 EDTOn The Fly: Morning Wrap-Up for May 22
Globex S&P futures are recently up .80 from previous day's SPX cash close. Nikkei 225 up 1.60%, DAX down 0.41%. WTI Crude oil is recently at $95.48, NYMEX Natural Gas up 0.76%, gold at $1383 and ounce copper up 1.06%.
05:55 EDTFX Action: USD-JPY headed back to 103.00
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05:51 EDTCBOE Volatility Index VIX closed at 13.37, 10-day moving average is 12.84
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05:49 EDTJune front month equity options expire, June 21, 2013
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May 21, 2013
16:00 EDTCanadian Retail Sales Preview.
Canadian Retail Sales Preview. Our projection is for a 0.3% rise in March retail sales (median +0.1%) when the data is released on Wednesday. It follows a 0.8% gain in February. The ex-autos sales aggregate is projected to rise 0.2% (median +0.2%). And a 0.3% rise in sales volumes is expected, which would be consistent with a 0.1% gain in March GDP after the 0.3% gain in February GDP.
15:35 EDTTreasury Closing Summary:
Treasury Closing Summary: A round of surprisingly dovish Fedspeak from hawkish St. Louis Fed's Bullard dissauded some bond bears from their position and boosted equities on Tuesday, coming just a day ahead of Bernanke testimony. Moves weren't overly dramatic, but sufficient to inject a little 2-way risk at yield range highs. Fed's dovish Dudley chimed in too, anticipating the end of QE once labor market gains are sufficiently strong, but both were wary of negative fiscal drags and vigilent over low inflation.
14:50 EDTTreasury Action: yields are lower this afternoon
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14:10 EDTMore Dudley: recent inflation data had gotten the Fed's attention
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14:06 EDTAverages near highs of day
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13:30 EDTFed's Bullard doesn't see a good case for QE taper unless inflation rises
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13:15 EDTAnd now for dovish NY Fed's Dudley
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