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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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May 15, 2015
10:20 EDTTreasury Action: yields extended lower
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10:15 EDTFX Action: The dollar fell after the weak Michigan sentiment
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09:55 EDTThe 0.3% U.S. April industrial production drop
The 0.3% U.S. April industrial production drop undershot assumptions, though it followed upward revisions that left the April index level only modestly below our estimate. The utility sector continued is unwind from the February all-time high alongside an ongoing mining sector contraction. Analysts did see a welcome 2.6% bounce in the vehicle assembly rate to a 12.0 M rate, and the manufacturing activity was flat. On a quarterly basis analysts expect a Q2 industrial production contraction rate that matches the 0.7% (was 1.0%) drop in Q1, which itself marked the worst quarter of the expansion. Before the early-2015 petro-led factory sector contraction, analysts saw quarterly growth rates throughout this expansion of 1%-9% that left a net factory sector outperformance of GDP. Industrial production is slowing to the 2% area in 2015 from 4.2% in 2014, 2.9% in 2013, and 3.8% in 2012. GDP is tracking 2.4% growth in 2015 that largely matches recent rates of 2.4% in 2014, 2.2% in 2013 and 2.3% in 2012.
09:45 EDTU.S. Michigan Consumer Sentiment Preview
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09:40 EDTTreasury Action: there wasn't much reaction
Treasury Action: there wasn't much reaction to the disappointing production data, though intermediate to longer dated yields remain lower on the day. The 10-year has hardly budged from the 2.19% area. German Bunds are outperforming slightly as they recover from the week's heavy losses with the yield down 4 bps to 0.66%. There's much more calm in the markets today and a new range trade is likely to develop near current levels. Equities have pared their gains, but worries over the growth slowdown are soothed by expectations the Fed will delay rate liftoff into at least September, if not 2016. There's also a little profit taking after record highs on the S&P yesterday.
09:36 EDTFutures weaken ahead of bell leading to quiet open
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09:30 EDTU.S. industrial production fell 0.3% in April
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09:25 EDTFX Action: The dollar turned slightly lower
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09:20 EDTFX Action: The dollar was steady versus the euro
FX Action: The dollar was steady versus the euro, and moved briefly lower against the yen after the slight Empire State index miss, which was nonetheless much improved from the prior month. EUR-USD remains near session low around 1.1330, as USD-JPY trades in the 119.80s. Industrial production is up next at 9:15 EDT.
09:15 EDTU.S. equities may extend higher
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08:55 EDTTreasury Acton: the market is holding its gains
Treasury Acton: the market is holding its gains after a so-so Empire State report. The 10-year yield is stabilizing around, and this morning just below the 2.20% mark. The long bond has slid to 2.986%, and a close here would be the first time below the 3.0% level this week. The data are consistent with expectations for a moderate bounce-back in Q2 growth. Treasuries are also finding support from Europe as bond yields are lower too, with the exception of Greece. The corrective, position adjustments seem to have largely run their course, according to trading sources, and with supply out of the way, selling pressures are limited.
08:50 EDT Minneapolis Federal Reserve Bank President Narayana Kocherlakota Speech to be released at 14:45
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08:50 EDT San Francisco Federal Reserve Bank President John Williams Speech to be released at 02:20
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08:50 EDT Richmond Federal Reserve Bank President Jeffrey Lacker Speech to be released at 19:10
08:50 EDT Federal Reserve Vice Chair Stanley Fischer Speech to be released at 09:00
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08:50 EDT Federal Reserve Chair Janet Yellen Speech to be released at 13:00
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08:50 EDT Federal Reserve Vice Chair Stanley Fischer Speech to be released at 13:30
08:50 EDTThe Empire State May bounce to 3.09
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08:45 EDTU.S. Empire State manufacturing index rose 4.3 points to 3.1 in May
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08:36 EDTFutures little changed following manufacturing data
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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 | 28 | all recent NOSYMBOL news | >>

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