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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 6, 2015
10:20 EDTThe U.S. ISM-NMI June uptick to 56.0
The U.S. ISM-NMI June uptick to 56.0 reversed the May drop to a 55.7 one-year low from a higher 57.8 in April, versus a 58.8 nine-year high in November. The ISM-adjusted measure rose more sharply, to 55.8 from a 54.7 one-year low in May but a higher 56.4 in April, versus a 58.1 eight-year high in November. The ISM-NMI has tracked the factory sentiment measures lower since November highs, though with little June rebound after a more modest Q1 lull, as might be expected if the depressed factory sector is facing a petro-sector headwind while the service sector benefits from the boost to household purchasing power from lower gasoline prices. For the June factory surveys, analysts saw an ISM rise to 53.5 from 52.8, a Chicago PMI increase to 49.4 from 46.2, a Dallas Fed pop to -7.0 from a -20.8 cycle-low, a Richmond Fed rise to 6.0 from 1.0, a May Empire State drop to a 29-month low of -1.98 from 3.09 in May, and a Philly Fed headline rise to 15.2 from 6.7. The mix allowed a June rise in the ISM-adjusted average of the major surveys to 53 from 51 in April and May and a 52 average in Q1, versus 55 over the four months ending in November and a 56 cycle-high last July that was also seen back in February and March of 2011.
10:16 EDTStephens transportation analysts hold an analyst/industry conference call
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10:15 EDTTreasury Action: yields barely budged
Treasury Action: yields barely budged following the in-line reading on ISM services and steady final reading on Markit PMI earlier, though the ISM employment component sank to the lowest level since January. The T-note yield continues to hover near 2.31% after getting a 10 bp Greek haircut to the 2.28% level in earlier trade. The 2s-10s spread has steadied near +170 bp, while the Bund/T-note spread is at -155 bp compared to -159 bp prior to the "No" vote by Greece.
10:10 EDTFX Action: The dollar largely shrugged off
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10:10 EDTU.S. June ISM services index edged up to 56.0
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10:01 EDTISM Non-Mfg Index Composite data reported
June ISM Non-Mfg Index Composite at 56.0 vs. consensus of 56.0
10:00 EDTU.S. Markit services PMI fell to 54.8 in the final June print
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09:46 EDTPMI Services Index Level data reported
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09:40 EDTBank of Canada Business Outlook Survey Preview
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09:35 EDTU.S. Non-Manufacturing ISM Preview
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09:35 EDTCanada Ivey PMI Preview
Canada Ivey PMI Preview: Analysts expect the Ivey PMI to fall 7.3 points to 55.0 in June (median 57.0) after rising 4.1 points to 62.3 in May and expanding 10.3 points to 58.2 in April. The Ivey PMI has broadly tracked an improving sentiment backdrop in Q2, in line with the better readings seen in the RBC manufacturing PMI and the less depressed CFIB figures seen in Q2.
09:34 EDTU.S. averages follow Europe lower after Greek referendum surprise
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09:15 EDTBofA/Merrill restaurants analysts hold an analyst/industry conference call
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09:05 EDTTreasury Action: the flight-to-safety trades will complicate the auctions
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09:04 EDTOn The Fly: Morning Wrap-Up for July 6
Globex S&P futures are recently down 16.00 from previous day’s SPX cash close. Nikkei 225 down 2.08%, DAX down 1.43%. WTI Crude oil is recently at $54.44, natural gas down 2.91%, gold at $1162 an ounce, copper down 3.97%.
08:31 EDTGallup US Consumer Spending Measure level data reported
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08:20 EDTU.S. equities are on the defensive
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08:14 EDTBofA/Merrill G10 FX Strategist Vamvakidis has analyst/industry conference call
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08:10 EDTEnergy Action: NYMEX crude continued its slide
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08:00 EDTTreasury Market Outlook: bonds surged higher as stocks plunge
Treasury Market Outlook: bonds surged higher as stocks plunge on Greece's decisive "No" vote. The 10-year Treasury yield dropped over 9 bps to hit 2.27%, with the Bund rate falling to 0.70% in heavy volume, though both have edged off of those levels suggesting no real panic in the markets. Peripheral spreads widened. European bourses are down between 1% and 2%. EUR-USD fell to test 1.0970. Greek finance minister Varoufakis announced his resignation as PM Tsipras readies negotiations. Creditors now are preparing their reaction. In the U.S., traders are weighing this result, along with the disappointing June employment report, in terms of the September Fed policy outlook. In that vein, comments from Fed Chair Yellen (Friday) will be keenly awaited for her take on the jobs report. Data today includes June ISM services, the final Markit services report, and the Fed's LMCI. The FOMC minutes (Wednesday) also will be scrutinized too for hints on liftoff. Supply will be an important factor for Treasuries this week with $58 B in coupon offerings on tap.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | all recent NOSYMBOL news | >>

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