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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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January 26, 2016
10:25 EDTTreasury Option Action: call positioning on 10s
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10:20 EDTThe U.S. consumer confidence rise to 98.1
The U.S. consumer confidence rise to 98.1 extended the December climb to 96.3 (was 96.5) to slightly beat expectations, thought confidence remains below the oddly-high Q3 readings that left a 102.6 September figure, and well below the 103.8 cycle-high in January of 2015. Confidence is benefiting from falling gasoline prices for consumers and home price gains despite ongoing limited credit availability, though confidence faces headwinds from plunging stock prices and the hit to factory production from falling foreign demand, the petro-sector recession and excess inventories. Since 2014, the various confidence measures have closed the gap to a lean growth path of consumption and payrolls, after unusually weak readings through the first five years of the expansion. Analysts have small gains in the January confidence gauges, though all remain below early-2015 levels. Michigan sentiment rose to 93.3 from 92.6, versus a higher 98.1 cycle-high last January. The IBD/TIPP index rose to 47.3 from 47.2 in December, versus a 54.0 cycle-high back in October of 2012. The weekly Bloomberg Consumer Comfort index has risen to a 44.2 average thus far in January from a 42.1 average in December, versus a 45.7 cycle-high average last April.
10:20 EDTU.S. Richmond Fed's manufacturing index dipped 4 points to 2 in January
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10:15 EDTU.S. January consumer confidence rose 1.8 points to 98.1
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10:15 EDTTreasury Action: yields steadied below highs
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10:05 EDTRichmond Fed Manufacturing Index Level data reported
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10:01 EDTConsumer Confidence data reported
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10:00 EDTTreasury Action: yields continued to inch higher
Treasury Action: yields continued to inch higher after the Markit services flash PMI hit over year-lows, but many of its components including employment were actually firmer. That's left focus on consumer confidence shortly, with the T-note yield nosing over 2.02%, though stocks have stumbled after opening higher. NASDAQ in particular looks nervous ahead of Apple earnings and concerns about sales growth in China.
10:00 EDTU.S. consumer confidence preview:
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09:55 EDTU.S. Markit preliminary services PMI slid to 53.7 in January
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09:46 EDTPMI Services Flash Level data reported
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09:45 EDTFX Action: USD-CAD remains volatile
FX Action: USD-CAD remains volatile, falling to 1.4125 lows, after topping at 1.4325 overnight as oil prices plumbed $29.25/bbl lows. The pairing came under pressure as WTI crude recovered to just shy of $31.00. The 1.4110-1.4100 level is shaping up to be an important support level, having based near the level for the past three sessions. Sell-stops are reportedly building now just under the figure.
09:40 EDTEvercore ISI to hold a webinar
Healthcare/Strategy Webinar focuses on the recent volatility in the overall markets and top level macro themes and is being held on January 26 at 10:30 am. Webcast Link
09:40 EDTFX Action: CAD-JPY is showing the biggest movement
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09:36 EDTOil price rebound helps lift stocks in early trading
Stock futures see-sawed throughout the pre-market trading session, ending with a higher open for the broader market. Oil prices bounced around as well, but when oil moved back above $30 a barrel, the futures moved with it. Investors are also pouring over the barrage of earnings reports and housing data that was generally in-line with expectations. In early trading, the Dow is up 143 points, the Nasdaq is up 25 points and the S&P is up 14 points.
09:20 EDTU.S. FHFA home price index rose 0.5% to 228.8 in November
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09:15 EDTTreasury Action: yields are consolidating above lows
Treasury Action: yields are consolidating above lows and the modest rises in home prices via FHFA and Case-Shiller did little to tip the scales with stocks and oil still above overnight lows. The 2-year yield has settled back above 0.85% compared to 0.827% overnight lows and the 10-year likewise rebounded from 1.96% to clear 2.01%. Yields are still slightly net lower on the session after all the overnight volatility. The 2s-10s spread is holding near +116 bp compared to +113 bp narrows overnight.
09:10 EDTU.S. Case Shiller home price index rose 0.06% to 182.86 in November
U.S. Case Shiller home price index rose 0.06% to 182.86 in November for the 20-City index after edging up 0.05% to 182.75 in October (revised down from 182.83). The annual pace improved slightly to 5.83% y/y from 5.50% y/y (revised from 5.54%). The 10-City index inched up 0.02% to 197.54 versus October's 197.51 (revised from 197.62), with the annual pace at 5.35% y/y compared to 5.02% y/y previously (revised from 5.08%). All 20 cities surveyed showed annual gains, paced by Portland (11.15%) and San Francisco (11.05%).
09:02 EDTFHFA House Price Index M/M change data reported
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09:02 EDTS&P/Case-Shiller Home Price Index data reported.
November S&P/Case-Shiller 20-City Composite Home Price Index up seasonally adjusted 0.9% month over month vs. consensus of 0.7%.
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