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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| June 17, 2013 |
| 10:25 EDT |  | | Euro$ interest rate futures are firmer
Euro$ interest rate futures are firmer to start the FOMC week as the short-dated rate contracts bought into the idea that no great shifts in QE policy will be announced on Weds following WSJ Fedwatcher Hilsenrath's piece last week. This was followed by another WSJ Fed preview today that the Fed could tweak its economic assumptions that have consistently overestimated growth. Maintaining optimism in the forecasts could signal the intention to taper QE "in the next few meetings" as Bernanke last indicated, while lowering the bar on the forecasts would have the opposite impact. The Sep 2013 contract is a half-tick firmer at 99.71, while the deferreds are 1-2 ticks higher further out, seemingly pricing in relative calm on the Fed front for now. |
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| 10:15 EDT | | | FX Action: The dollar perked up again after the much better housing data
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| 10:15 EDT | | | Treasury Action: yields snapped back toward highs
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| 10:13 EDT | | | Averages up about 1% in early trading
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| 10:01 EDT | | | Housing Market Index data reported
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| 09:45 EDT | | | U.S. NAHB housing market index preview:
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| 09:36 EDT |  | | CBOE Volatility Index VIX is recently down 79c to 16.36
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| 09:10 EDT | | | The U.S. Empire State report
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| 09:00 EDT | | | FX Action: USD-JPY threatened 95.00 over the U.S. data
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| 08:55 EDT | | | U.S. equities are comfortably higher
U.S. equities are comfortably higher to start off the week in line with gains on global stocks and regathering some confidence ahead of the FOMC meeting midweek. The Empire State index surged to 7.84 in Jun, lending a positive spin to momentum, though many of the data's components were stubbornly weak. In Asia, Japan's N-225 hurtled 2.73% higher, the HK Hang Seng rose 1.2% and the Shanghai Comp sank 0.25%. Bourses in Europe are stronger across-the-board, with the Euro Stoxx 50 up 1.4% and France's CAC 40 outperforming with a 1.5% gain. The Dow is 116-points higher, S&P gained 12-points and NASDAQ is 25-points consolidating gains after Empire data heading into the open. In corporate news, Smithfield Foods remains in play and volatile, rising 1.5% after one its stakeholders pushed for break-up of the company rather than its sale to China's Shuanghui. AMD ralled 5% after a bullish Barron's article. NAHB HMI is forecast to gain moderately next. |
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| 08:45 EDT | | | Treasury Action: yields popped up on Empire data
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| 08:44 EDT | | | Empire State Mfg Survey General Business Conditions Index data reported
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| 08:40 EDT | | | U.S. Empire State index surged over 9 points to 7.8 in June
U.S. Empire State index surged over 9 points to 7.8 in June, more than erasing the 4.5 point drop to -1.4 in May. This is the higest since March's 9.2. But he components of the report were mixed and not quite as encouraging as the headline. The employment index fell to unchanged from 5.7. New orders dropped to -6.7 from -1.2. Prices paid little changed at 21.0 from 20.5. The 6-month index dipped to 25.0 from 25.5. The 6-month employment index slid to 1.6 from 11.4 while capital expenditures plunged to 3.2 from 22.7, with prices paid at 45.2 from 29.6. Ahead of the FOMC and given the mix in the data, Treasury yields should be little changed. |
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| 08:36 EDT | | | Futures remain higher
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| 08:35 EDT | | | FX Action: USD-CAD traded a narrow 1.0150-65 range in London
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| 08:10 EDT | | | U.S. NY Fed "Empire State" Index Preview
U.S. NY Fed "Empire State" Index Preview: The June Empire State index will kick off the month's producer sentiment measures. Analysts expect the headline to improve to 3.0 from -1.4 in April, which should mark a month of improved sentiment measures after the slides that most major measures revealed in May. |
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| 07:55 EDT | | | Fed funds opened at 0.10%
Fed funds opened at 0.10% after a 0.06% close on Friday. The rate ranged from 0.05% to 0.3125% with a 0.10% effective. Interbank borrowing rates were mixed at today's Libor fixing. The overnight dollar Libor rate rose to 0.13080% from 0.12900%. The 1-week rate was steady at 0.15901%. The 3-month rate edged up to 0.27325% from 0.27275%. The 12-month rate fell to 0.66810% versus 0.66910%. |
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| 07:40 EDT | | | Treasury Market Outlook: Treasuries are unchanged to higher
Treasury Market Outlook: Treasuries are unchanged to higher, in tandem with modest gains in German Bunds, even as equities climb higher. Bond markets were mostly lower in Tokyo action as Japan's Nikkei soared over 2.7% as the yen softened. The 10-year Treasury yield has dipped modestly to 2.11%, the lowest in 8 days. Trading was thinned by the advent of the FOMC decision Wednesday. Overseas data was limited, while traders continued to monitor clashes in Syria and demonstrations in Turkey. Today's U.S. calendar is light with just the June Empire State index and the NAHB homebuilder index, some of the first readings for June. The NY Fed will buyback between $4.75 B to $5.75 B in March 2018 through February 2019 notes. |
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| 07:28 EDT |  | | BofA/Merrill to host a conference
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| 07:27 EDT | | | CLSA to host a tour
Asia Tech Tour will travel throughout Korea, Taiwan and Japan on June 17-21. |
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