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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 16, 2015
16:15 EDTGoogle is scooting higher in late trade
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16:00 EDTSenator Warren is hammering Yellen on living wills
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15:20 EDTYellen: acknowledged there are risks of tightening too soon
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15:00 EDTTreasury Closing Summary:
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14:45 EDTYellen is appearing before the Senate Banking Committee this afternoon
Yellen is appearing before the Senate Banking Committee this afternoon. Analysts don't expect any policy surprises out of her Q&A today. She repeated yesterday before the House Committee that a rate increase this year seems appropriate, but will be dependent on whether the data support the FOMS's outlook, and to some extent, financial conditions. Her assessment of the economy was relatively upbeat, and she is optimistic that inflation will be moving up to the 2% target.
14:19 EDTMarket approaching all-time highs in afternoon trading
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14:05 EDTU.S. Michigan Consumer Sentiment Preview
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14:05 EDTTreasury Action: curve flattening remains the theme
Treasury Action: curve flattening remains the theme ahead of Yellen's Senate testimony with the front end underperforming. The 2-year yield is up over 3 bps to 0.657%, while the 10-year rate is flat at 2.35% after recovering from early losses. That's narrowed the 2s-10s spread to 169 bps today from 172 bps yesterday and 177 bps on Monday. The September 16, 17 FOMC is still seen as a likely date for rate liftoff (or December 15, 16) after the Fed Chair didn't really offer much opposition to that time frame in recent comments. And while recent data have been mixed, the weaker numbers have merely supported forecasts for a gradual tightening path once normalization gets underway, rather than negate expectations for a 2015 hike. Analysts suspect the curve can revisit the recent narrows of 150 bps from late May.
14:05 EDTU.S. Housing Starts Preview
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14:00 EDTU.S. CPI Preview
U.S. CPI Preview: June CPI is out Friday and should reveal a 0.2% (median 0.3%) increase for the headline with a matching 0.2% (median 0.2%) increase for the core. The already released PPI data revealed a headline increase of 0.4% with the core up 0.3%. Plunging oil prices over the winter and spring worked to depress inflation measures but analysts have begun to see some rebound as this effect dissipates.
13:35 EDTTreasury Option Action: more mixed trade
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12:55 EDTFX Action: USD-JPY continues to hold
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12:35 EDTToday's U.S. reports
Today's U.S. reports revealed disappointing July Philly Fed data, though initial claims fell 15k to reverse last week's pop, and the NAHB firmed to 60 in both June (was 59) and July. For Philly Fed, analysts saw a 6.5-point headline drop to 5.7 with broad-based component weakness that left the ISM-adjusted index falling to 50.3. The July readings sit close to the 5.0 March one-year low for the headline and 47.6 March two-year low for the ISM-adjusted measure, as the upturn in producer sentiment is proving anemic at best as analysts enter Q3. For claims, the 281k weekly reading translates to a 286k average thus far in July versus lower recent averages of 277k in June, 274k in May, and 281k in April, though analysts attribute the early July gyrations entirely to a holiday distortion and the impact of auto retooling.
11:55 EDTTreasury Option Action: little Yellen premium
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11:30 EDTYellen Part II - Don't Tread on the Fed:
Yellen Part II - Don't Tread on the Fed: the Fed chief will resume testimony before the Senate Banking Committee from 14:30 ET, which will hopefully focus more on policy dynamics than politicization. Yesterday Fed Chair Yellen largely mirrored the recent FOMC statement and her own speech last week expressing cautious optimism about the expected rebound in U.S. growth, amid frustration about the continued low level of inflation. She cited global risks to this mostly healthy appraisal, and reiterated that it is not the lift-off but the policy path and pace of tightening that really matters. She expects a gradual tightening pace that still keeps policy accommodative, and she had a dig at any Congressional meddling with Fed independence.
11:25 EDTFX Action: USD-CAD has reacted
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11:15 EDTTreasury announced a $15 B 10-year TIPS offering for next Thursday
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11:05 EDTEnergy Action: NYMEX crude touched $50.99
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10:30 EDTEIA natural gas storage change for week ending July 10
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10:30 EDTThe Philly Fed July drop to 5.7
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<< 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 | 26 | 27 | all recent NOSYMBOL news | >>

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