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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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March 4, 2015
08:35 EDTThe 212k ADP February rise undershot our 240k private payroll forecast
The 212k ADP February rise undershot our 240k private payroll forecast with a 250k total nonfarm payroll increase that is in line with the typical underperformance for the ADP figures, after a big boost in the lean January gain to 250k (was 213k) that narrowed the gap to the 267k private payroll rise in that month. The ADP rise included a big 31k increase for goods employment with the same rise for construction, though weather is a bigger factor for payrolls than ADP. The "as reported" ADP figures have run 41k/month weaker than private payrolls over the two years since the October 2012 methodology change by Moody's, with big recent undershoots of 54k in January, 79k in December, and a hefty 206k in November that were aggravated by the higher private payroll trajectory with last month's annual revisions. The ADP report included annual revisions that "back fitted" the data to the revised payroll figures, though analysts track "as reported" data. on the risks for Friday's U.S. jobs report.
08:33 EDTGallup U.S. Job Creation Index level data reported
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08:30 EDTTreasury Action: yields rolled lower
Treasury Action: yields rolled lower in the wake of the ADP report, which came in below expectations, but from sharp upwardly revised January levels. That should still keep focus on upside risks in Friday's payrolls report once past the crucible of tomorrow's ECB and BoE meetings. The T-note yield hit a high over 2.14% in Asia, only to sag below 2.11% in early NY trade before finding traction. ISM NMI, Beige Book and Fedspeak will provide the fodder for the rest of the session after recent heavy corporate supply dominated defensive price action.
08:30 EDTFX Action: The dollar ticked up a bit
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08:26 EDTJobs data has little impact on market
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08:25 EDTU.S. ADP reported private payrolls increased 212k in February
U.S. ADP reported private payrolls increased 212k in February , that's a little disappointing, though January's 213k was revised up to a 250k increase (benchmark revisions were included today). The services sector paced the gain, rising 181k, with the goods producers contributing 31k. Construction jobs increased 31k. Manufacturing rose 3k. Finance was up 20k. Trade, transportation, and utility jobs increased 31k.
08:20 EDTFedspeak is due from Chicago dove Evans
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08:14 EDTDeutsche Bank biotech analyst holds an analyst/industry conference call
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08:10 EDTEnergy Action: NYMEX crude is trading over $51/bbl
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08:10 EDTU.S. ADP employment survey preview:
U.S. ADP employment survey preview: the ADP private employment survey is forecast to increase 220k in February (median 220k) compared to 213k in January. For more detail, see the ADP website.
07:45 EDTN.Y. FX Outlook
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07:41 EDTPresident of the Federal Reserve Bank of Kansas City speaks on economy
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07:39 EDTFutures suggest follow through from yesterday’s decline
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07:38 EDTCFA Society of Minnesota to hold a discussion
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07:35 EDTFederal Reserve Bank of Chicago President to speak on the economy
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07:35 EDTTreasury Market Outlook: Treasuries are little changed
Treasury Market Outlook: Treasuries are little changed after paring earlier losses. The 10-year note is fractionally cheaper at 2.12% in conjunction with modest losses in most sovereigns globally. Most equity markets are in the red as well as recent data suggest ongoing central bank accommodation will be coming to an end. Ironically, the RBI surprised with its second intermeeting rate cut in 2 months, trimming it key rate another 25 bps to 7.5%, and the PBoC also lowered rates further on some short term loans. Meanwhile, Eurozone and U.K. services PMIs unexpectedly dipped lower, though the numbers still point to solid expansion in the sector. The ECB is expected to leave policy unchanged tomorrow while announcing QE details. There could also be details on whether Greek bonds will be reinstated. Attention is shifting to the ADP private payroll report ahead of Friday's February employment release. Payrolls are forecast rising 220k after the disappointing 213k January gain. Also out today is the February ISM services index, expected to slip slightly to 56.5 from 56.7. The Fed's Beige Book is also on tap, but won't break any new ground. There is also Fedspeak from the dovish Evans, and the hawks George and Fisher.
07:35 EDTU.S. MBA mortgage market index rose 0.1%
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07:33 EDTFDA to hold a meeting of the Science Board
The Science Board will be provided with a progress report or a final draft report from the Commissioner's Fellowship Program Evaluation Subcommittee and will hear a progress report from the Science Moving Forward Subcommittee in a meeting being held at the FDA Silver Spring, Maryland offices on March 4 at 8:30 am. Webcast Link
07:31 EDTFDA Vaccines & Related Biological Products Advisory Committee to hold a meeting
The Committee meets in open session to discuss and make recommendations on the selection of strains to be included in the influenza virus vaccines for the 2015-2016 influenza season being held in Silver Spring, Maryland on March 4 at 8:30 am. Webcast Link
07:28 EDTEconomics Club of Washington, D.C. to hold a breakfast meeting
Michael Dell, founder of Dell, Inc., is the guest speaker at a breakfast meeting being held in Washington, D.C. on March 4 at 8 am.
<< 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 | 32 | all recent NOSYMBOL news | >>

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