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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 28, 2015
08:45 EDTTreasury Action: yields slipped to lows
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08:45 EDTThe 7k U.S. initial claims rise to 282k
The 7k U.S. initial claims rise to 282k in the fourth week of May extends the 11k bounce to 275k (was 274k) in the BLS survey, as claims continue to reverse the tightness in the prior three readings that started with a 262k cycle-low at the end of April. Claims are still tight versus pre-May levels however, and are displaying a cyclical downtrend that became obscured in early-April by a temporary spike around the Easter holiday period. Claims are averaging just 273k in May, following higher prior averages of 281k in April, 285k in March, 306k in February and 290k in January. The 275Xk BLS survey week reading undershot prior BLS figures of 296k in April, 293k in March, 285k in February, and 301k in January. Analysts expect a 215k May nonfarm payroll gain that sits close to the 223k April rise but that beats the lean 85k March increase and the 184k average rise in Q1. Payrolls face upside risk from tight claims and heightened consumer confidence in the face of lower gasoline prices, though downside risk from factory sentiment weakness and a lean ADP trajectory through the 169k April rise.
08:45 EDTFX Action: The dollar ticked briefly lower
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08:44 EDTFutures fall ahead of opening bell
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08:42 EDTJobless Claims data reported
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08:40 EDTU.S. initial jobless claims rose 7k to 282k in the week ended May 23
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08:37 EDTJPMorgan integrated oils analyst holds an analyst/industry conference call
U.S. Integrated Oils & Refining Analyst Gresh provides an industry update and outlook on an Analyst/Industry conference call to be held on May 28 at 11 am.
08:35 EDTSF Fed dove Williams argued for raising rates later this year
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08:33 EDTJPMorgan airline transportation analysts hold analyst/industry conference call
Airline & Aircraft Leasing Analyst Baker, along with Airfreight and Surface Transportation Analyst Ossenbeck, discuss the firm's DCF framework on an Analyst/Industry conference call to be held on May 28 at 10 am.
08:15 EDTU.S. Initial Jobless Claims Preview
U.S. Initial Jobless Claims Preview: Claims data for the week of May 23rd should reveal a headline rise of 6k to 280k (median 271k) following last week's increase to 274k from 264k in the week prior. Claims have struck a lean path in May and look poised to average 270k from 281k in April. This would support our forecast for headline employment of 215k for the month.
08:00 EDTEnergy Action: NYMEX crude is on new May lows
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07:55 EDTTreasury Market Outlook: Treasuries are little changed in light volume
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07:50 EDTCanada Current Account Preview
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07:50 EDTCanada Industrial Product Price Preview
Canada Industrial Product Price Preview: Analysts expect the IPPI to fall 0.1% m/m in April (median -0.1%) after the 0.3% gain in March. Analysts have a witches' brew of ingredients for the April IPPI forecast: Gasoline prices were roughly flat on a month average basis, the BoC's commodity price index surged while the Canadian dollar appreciated versus the USD (on a month average basis). Hence, the forecast risk is all over the place, but analysts would lean towards the downside given the 2.2% appreciation in the CAD versus the USD. The RMPI is projected to rise 3.0% in April as oil prices rose +12.5% to $54/bbl from $48/bbl.
07:35 EDTN.Y. FX Outlook
N.Y. FX Outlook: USD-JPY was the big FX story overnight, as the pairing touched 124.30, a 13-year high. The yen move prompted another winning day for the Nikkei, which posted its 10th straight day of gains, a feat not seen since 1988. EUR-USD meanwhile, bounced toward 1.0950, though with no Greece agreement in sight, and the ECB warning of contagion risk should an accord not be forthcoming, the euro is now back under the 1.0900 level. USD-CAD meanwhile has printed the 1.2500 mark, with early North American buyers reported. WTI crude is back near recent lows, trading under $57.50. The U.S. calendar reveals weekly jobless claims at 8:30 EDT, April pending home sales at 10:00 EDT, and weekly EIA petroleum inventory data at 11:00 EDT.
07:26 EDTJPMorgan to hold a forum
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07:24 EDTCIBC to hold a conference
4th Annual Montreal Commodities Conference is being held in Montreal on May 28.
07:10 EDTFX Update: USD-JPY logged traded at its highest since 2002
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06:52 EDTFutures flat despite China selloff
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06:02 EDTOn The Fly: Morning Wrap-Up for May 28
Globex S&P futures are recently down 2.00 from previous day’s SPX cash close. Nikkei 225 up 0.39%, DAX down 0.32%. WTI Crude oil is recently at $57.78, natural gas down 0.21%, gold at $1190 an ounce, copper up 0.10%.
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