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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 8, 2014
09:40 EDTFed's LMCI preview:
Fed's LMCI preview: the Labor Market Conditions Index should improve in November given the plethora of good news from most of the recent jobs reports, especially last Friday's from the BLS. This is a new release from the Fed and is constructed using 19 other, already released jobs data, so it doesn't offer any new insights. Additionally, the October FOMC minutes, which first reiterated the policy statement that underutilization of labor resources is diminishing, it also noted that a number of FOMC participants reported underutilization remained. The LMCI rose 4 points in October after an identical increase in September. This is not an important indicator for the markets.
09:10 EDTTreasury Action: Treasuries see a heavy supply calendar this week
Treasury Action: Treasuries see a heavy supply calendar this week which could keep yields biased higher. The debt managers are selling $59 B in coupons, with $25 B in 3-year notes auctioned on Tuesday, $21 B in 19-year notes Wednesday, and $13 B in 30-year bonds Thursday. The wi 3-year rate is at 1.115%, which would be the cheapest stop since April 2011. On the other hand, the wi 10-year is at 2.315%, which would be the richest rate since June 2013. And for the 30-year, the current 2.97% would be one of the lowest rate since May 2013. After the strong November jobs report and the risk the FOMC removes the "considerable time" language from its policy statement next week as it prepares for a rate hike in 2015 could leave many potential buyers sidelined. However, foreign accounts should continue to support the auctions given widening yield differentials. The longer dated notes could be underpinned by flattening trades and subdued inflation.
09:00 EDTSF Fed's Williams reportedly argued for ZIRP
SF Fed's Williams reportedly argued for ZIRP to be maintained to meet the Fed's policy goals, according to a MNI Beckner report circulating. He said that large balance sheets were "factored into the Fed forecast" and that "considerable time" best captures the liftoff (in rates). If so, this is in keeping with Williams dovish profile, though he had been more upbeat on the economy lately.
08:50 EDTFX Action: USD-CAD held under Friday's 1.1476
FX Action: USD-CAD held under Friday's 1.1476 trend high overnight, peaking at 1.1458 before easing back to 1.1428 lows into the North American open. Canadian housing starts data was close to expectations and had little impact on the markets, and going forward this morning, the commodity backdrop should remain the main driver of the CAD's direction. WTI crude touched $64.09 lows before rebounding over $64.50, weighing slightly on USD-CAD, though a break under $64 should see USD-CAD test Friday's high, with a break there bringing 1.1500 into focus, where barrier options are reported.
08:35 EDTU.S. equities are modestly lower to start the week
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08:30 EDTFedspeak will be truncated by the approach of the FOMC
Fedspeak will be truncated by the approach of the FOMC meeting this week, which will curtail much elaboration ahead of that key event. That said, Atlanta Fed dove Lockhart will discuss the economic outlook and monetary policy before the Council for Quality Growth at 12:30 ET today. There will also be an open meeting on risk-based capital surcharges for systemically important bank holding companies at 14:40 ET Tuesday.
08:15 EDTCanada housing Permits Preview
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08:05 EDTCanada Housing Starts Preview
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08:00 EDTOil Action: NYMEX crude trades at $64.51
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07:58 EDTCredit Suisse macroeconomics analysts hold analyst/industry conference call
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07:55 EDTN.Y. FX Outlook
N.Y. FX Outlook: The dollar posted trend highs versus the euro, pound, and yen overnight, as disappointing Japan and German data brought USD buyers to center stage. USD-CD remains firm on the latest downdraft in oil prices, with WTI approaching the $64/bbl mark. The U.S. calendar is empty this morning, leaving focus on equities and yields. U.S. futures indicate a moderately lower Wall Street open, while Treasury yields have firmed up a bit.
07:35 EDTAmerican Enterprise Institute holds a luncheon discussion
Luncheon discussion with the Shadow Financial Regulatory Committee who discuss the Financial Stability Board’s capital requirements, the timing of financial data releases by government agencies, the Federal Reserve Board’s bank concentration rule, and financial reform in the new Congress is being held in Washington, D.C. on December 8 at 12 pm. Webcast Link
07:33 EDTAtlanta Federal Reserve Bank President Lockhart speaks on the economic outlook
Atlanta Federal Reserve Bank President Lockhart speaks on the economic outlook and monetary policy at the Council for Quality Growth's Annual Economic Forecast Meeting being held in Atlanta, Georgia on December 8 at 11:30 am.
07:33 EDTBarclays to hold a conference
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07:31 EDTJPMorgan to hold a forum
Japan MedTech Forum to be held in Tokyo, Japan on December 8.
07:30 EDTJefferies to hold a summit
Financial Institutions Group CEO Summit is being held in New York on December 8.
07:30 EDTCitigroup to hold a conference
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07:29 EDTMarket closing in on milestones
Stock futures are slightly below fair value as investors look for the next catalysts that could push the market above the milestones it is approaching. The Dow is closing in on 18,000, and the Nasdaq is approaching 5,000. Crude oil prices continue to fall, and analysts are arguing whether prices are falling due to oversupply or a global growth slow down. There is little for investors to key in on today, as no major economic data is due to be released.
07:19 EDTKeyBanc to hold a conference
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06:46 EDTJapan says economy contracted more than previously reported in Q3, Reuters says
Japan reported that its economy shrank 1.9% in the third quarter, versus the country's preliminary report of a 1.6% contraction, according to Reuters. Economists had predicted that the country's economy expanded 0.5% in Q3, the news service added. Reference Link
<< 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 | 28 | 29 | 30 | 31 | all recent NOSYMBOL news | >>

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