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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 14, 2015
09:25 EDTWeakness in today's U.S. retail sales report
Weakness in today's U.S. retail sales report has prompted downward revisions in our GDP forecasts for both Q2 and Q3, given a broad-based June sales drop after big downward revisions for April and May. The odd retail sales weakness of the Q4-Q1 period is reappearing after the post-winter bounce, as consumers remain reluctant to spend the savings from cheaper gasoline. Analysts lowered our Q2 GDP growth estimate to 2.5% from 2.7%, with a trimming in our Q2 "real" consumption growth estimate to 2.6% from 2.9%. For Q3, analysts expect 3.4% (was 3.6%) real GDP growth with a 2.2% (was 2.9%) real pace for consumption. Analysts assume a flat June nominal PCE figure with a 0.2% "real" drop and a 0.2% PCE chain price rise that matches our June CPI estimate. The savings rate should rebound to back to the 5.4% two-year peak also seen in February and April from 5.1% in May, as the rate continues to oscillate above the 4.4% recent-trough in November and the 4.1% cycle-low in December of 2013. The business inventory report later this morning will reveal a 0.4% May sales rise after a 0.5% (was 0.6%) April increase.
09:20 EDTFX Action: USD-CAD pulled back
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09:10 EDTU.S. equities remained in the red
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08:56 EDTRedbook Store Sales data reported
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08:45 EDTTreasury Action: yields gapped lower
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08:45 EDTFX Action: The dollar headed briefly lower
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08:43 EDTFutures remain quiet after unexpected drop in retail sales
Stock futures remain quiet as investors pore over the first set of big bank earnings reports from Wells Fargo (WFC) and JPMorgan (JPM). Retail sales unexpectedly fell 0.3% in June, versus expectations for growth of 0.3%. If autos and gas are removed from the data, the core reading was down 0.2%, versus expectations for it to be up 0.4%. The import price index fell 0.1% last month, versus expectations for it to be up 0.1%. Futures are mixed following the data, with the Dow pointing to a slight fall at the open, the Nasdaq pointing toward a mild gain and the S&P indicated to be flat.
08:20 EDTU.S. Retail Sales Report
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08:20 EDTU.S. Import and Export Prices Preview
U.S. Import and Export Prices Preview: June trade price data should reveal a 0.2% (median 0.2%) increase for import prices with a 0.1% decline for export prices. This follows respective May figures of 1.3% for import prices and 0.6% for export prices. Import prices were weighed down over the winter by the collapse in oil prices but managed to post a gain in May with a 12.7% petroleum component increase. Oil prices continued their climb in June but by a much smaller 0.9%.
08:15 EDTTreasury Market Outlook: Treasuries have pared overnight gains
Treasury Market Outlook: Treasuries have pared overnight gains, in tandem with the action in bonds overseas. The 10-year note tested 2.40% before edging back up to 2.44%, while the German Bund yield fell to 0.806% before climbing back to 0.87%. Gilt yields have risen too after BoE chief Carney warned time is closing in on rate increases. Meanwhile, Greece is still a focal point as Tsipras tries to clear the latest debt deal with parliament before Wednesday's deadline. Also moving markets is weakness in oil prices on the announcement of an Iran nuclear accord. Prior to Fed Chair Yellen's Humphrey Hawkins testimony tomorrow, traders will l look to today's June retail sales data. Also today are June trade prices and May business inventories , along with weekly chain store sales. The hawkish KC Fed president George speaks.
08:11 EDTFederal Reserve Bank of Kansas City President speaks at symposium
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08:10 EDTSenate Committee on Small Business to hold a hearing
The Committee holds a hearing entitled, "Challenges and Opportunities for Small Businesses Engaged in Energy Development and Energy Intensive Manufacturing" with President & CEO Toby Mack of Energy Equipment & Infrastructure Alliance and Persident Callahn of Alliance to Save Energy on July 14 at 2:30 pm. Webcast Link
08:10 EDTU.S. chain store sales fell 1.0% in the week ended July 11
U.S. chain store sales fell 1.0% in the week ended July 11, according to the Retail Economist, after a 2.1% increase the prior week, and ending a string of 4 straight gains. Sales slowed to a 1.9% pace from 3.0% previously. According to the report, heavy rains in some regions weighed on sales. Traffic was light despite summer clearance markdowns.
08:09 EDTHouse Committee on Foreign Affairs to hold a hearing
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08:08 EDTHouse Energy & Commerce Committee to hold a hearing
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08:07 EDTHouse Energy & Commerce Committee to hold a hearing
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08:06 EDTSenate Energy & Natural Resources Committee holds a hearing
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08:05 EDTHouse Financial Services Committee to hold a hearing
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08:05 EDTTreasury Market Outlook: Treasuries have pared overnight gains
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07:55 EDTEnergy Action: NYMEX crude fell to one-week lows
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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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