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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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May 13, 2013
13:20 EDTSF Fed research on the labor force participation rate
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13:15 EDTU.S. equities have backed up to session highs
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12:30 EDTU.S. corporate bond update: the calendar is on the light side today
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11:55 EDTTreasury's $53 B 3- and 6-month bill sale was a solid
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11:50 EDTFed Chairman Bernanke slated to testify on May 22 before the JEC
Fed Chairman Bernanke slated to testify on May 22 before the JEC. This will be a much anticipated event considering the Hilsenrath story that the FOMC has mapped out an exit strategy, though the timing of such is still much debated. It's not obvious, though, that the Fed chief will be able to drop clear indications on the latter, as much is still dependent on economic conditions.
11:37 EDTSome in Congress want to eliminate Iran's energy exports, Washington Post says
Some members of Congress are proposing completely preventing Iranian gas and oil from being sold on world markets, according to The Washington Post. The Obama administration is against taking such a step, but is looking at ways of reducing the amount of oil that Iran sells, the newspaper added. Reference Link
11:30 EDTFX Action: USD-CAD found support into 1.0080
FX Action: USD-CAD found support into 1.0080, after tripping stops under 1.0100 earlier. Noted bids into 1.0070 have supported to date, while London short covering and softer equity and commodity prices have resulted in a move back over 1.0100. Offers are in place from 1.0140.
11:10 EDTTreasury announcd a $20 B 4-week bill auction for Tuesday
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10:55 EDTEuro$ interest rate futures are fairly flat
Euro$ interest rate futures are fairly flat with equities giving little away today in directional terms, the data not really that compelling, the WSJ Fed tapering story interesting on Yellen Chairwomanship but purely speculative on policy. With all this ambiguity, why wouldn't the Jun 2013 contract be flat at 99.725, while the deferreds area flat to a half-tick lower? 3-mont dollar Libor was fixed at unchanged vs 0.2751% on Friday, while the Libor-OIS spread widened a bp to +15 bp.
10:54 EDTLeerink's biotech analysts hold an analyst/industry conference call
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10:53 EDTLeerink's biotech analysts hold an analyst/industry conference call
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10:50 EDTToday's U.S. reports
Today's U.S. reports revealed upside retail sales surprises through April with a big April decline in the price-sensitive gasoline component that left a particularly firm "real" trajectory into Q2, hence adding upside risk to our 2.0% Q2 GDP growth forecast. Yet, business inventories undershot assumptions in both February and March, and this disappointment eliminated our prior assumption of a boost in the 2.5% "advance" Q1 GDP growth estimate. For Q1 GDP revisions, analysts now expect downward bumps of $11 B in inventories and $9 B in construction that offset upward revisions of $16 B in net exports, $3 B in equipment and software, and $2 B in consumption.
10:49 EDTLeerink's biotech analysts hold an analyst/industry conference call
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10:46 EDTLeerink's biotech analysts hold an analyst/industry conference call
Biotech Analysts provide a preview on ASCO's upcoming Annual Meeting with a focus on Lymphoma on an Analyst/Industry conference call to be held on May 21 at 12 pm.
10:44 EDTLeerink's biotech analysts hold an analyst/industry conference call
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10:28 EDTJefferies' U.S. industrials research team holds a conference call
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10:25 EDTAnother Gross Tweet from PIMCO:
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10:25 EDTU.S. business inventories undershot estimates
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10:15 EDTTreasury Action: yields are off earlier highs
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10:13 EDTISI Group's pharma/biotech analysts hold an analyst/industry conference call
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