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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 24, 2015
14:45 EDTFed Policy Outlook: the FOMC meeting highlights next week
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14:15 EDTTreasury Action: shorter dated Treasuries are outperforming today
Treasury Action: shorter dated Treasuries are outperforming today as a number of factors suggest risk the FOMC will delay September liftoff. However, analysts suspect the long end will reassert itself next week. The plunge in new home sales data, disappointing PMIs from Europe and China, the drop in commodity prices, and the dovish Fed staff outlook are creating some second thoughts on market policy outlooks. Those, and unwinding of curve flatteners are giving the front end a boost. The 2s-10s spread has edged out to 158 bps from 157 bps yesterday, to end a string of 8 consecutive days of flattening. However, with the advent of the Fed and risk the policy statement isn't as bond friendly as seen today, along with $105 B in short and intermediate supply, should see the back end of the curve outperform again. Additionally, it's month-end and the duration index is expected to extend out 0.10 years, which should further support. The drop in commodity prices and the strength in the dollar, not to mention the Fed's staff view that inflation won't reach the 2% target until 2020, will also add to benign price outlooks and underpin bonds. Plus, it's a seasonally bullish time of year for the long end.
13:40 EDTU.S. Durable Goods Preview
U.S. Durable Goods Preview: June durable goods data is out on Monday and analysts expect to see orders up 2.0% (median 3.1%) following a 2.2% decline in May and a 1.7% drop in April. Both sales and inventories are expected to be unchanged on the month which should leave the I/S ratio steady at 1.67 since March. There was a major surge in Boeing orders in June to 181 from just 11 in May which could provide some lift via the transport component.
13:20 EDTFX Action: USD-CAD has headed back toward the top of its range
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13:20 EDTTreasury Option Action: mostly bearish positioning
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12:40 EDTTreasury Option Action: busy in bonds
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11:55 EDTTreasury Curve Action: flattener unwinds kicked in
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11:40 EDTEuro$ interest rate futures jerked higher
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11:20 EDTFed is publically acknowledging an inadvertent release of staff projections
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11:15 EDTU.S. equities are slip-sliding away
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11:15 EDTEnergy Action: NYMEX crude is on new three-month lows
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10:40 EDTU.S. new home sales sharply underperformed
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10:15 EDTU.S. June new home sales fell 6.8% to 482
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10:15 EDTTreasury Action: yields backed up from lows
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10:05 EDTEuro$ interest rate futures rebounded
Euro$ interest rate futures rebounded to highs of the week at the rate complex remains bullish relative to the diminished prospects on stocks, while the approaching FOMC meeting next week appears to be a low hurdle given fragile markets and an abundantly cautious Fed. The December 2015 contract is a half-tick lower near 99.445 (0.555% implied vs 0.570% Monday), while the deferreds are 1-2.5 ticks firmer out the back-end. Lean Friday holiday conditions should prevail quickly after the PMI and housing data round.
10:00 EDTU.S. Markit flash PMI inched up to53.8 in July
U.S. Markit flash PMI inched up to53.8 in July after slipping to 53.6 in June (the lowest print since October 2013) from May's 54.0. The index was at 55.8 a year ago. New orders rose to 55.0 from 54.7, while employment dipped to its lowest level since April versus June's 55.5. Cost inflation remained subdued. The data reflect solid improvement in the manufacturing sector. The data may weigh on Treasuries a bit as the market was worried that the report could disappoint, as was the case with Chinese and European results.
10:00 EDTFX Action: The dollar inched up
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09:50 EDTU.S. New Home Sales Preview
U.S. New Home Sales Preview: June data on new home sales should reveal a 1.1% decline to a 540k (median 549k) pace from the 546k pace in May which set a new recent high. Other housing indicators have generally improved for the month with starts rising to 1,174k from 1,069k in May, existing home sales rising to 5.490 M from 5.320 M and the NAHB Index up to 60 from 54.
09:30 EDTU.S. Markit manufacturing flash PMI
U.S. Markit manufacturing flash PMI is forecast to sink slightly to 53.5 in July from 53.6 in June. For more detail on the data, see the Markit website.
09:20 EDTFX Action: USD-JPY continues to struggle over the 124 level
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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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