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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 12, 2014
12:00 EDTFed may become dovish as oil prices plunge
Fed may become dovish as oil prices plunge claimed Janus bond guru Bill Gross in a Bloomberg report, saying the Fed will have to take lower oil prices into consideration and, "I think that yes, it moves towards a dovish stance relative to what the market expected a few days ago." Gross cited the Fed moving away from its 2% inflation target as a result, leaving it less likely to move away from its "considerable time" reference with any urgency. He also said that this has impacted levered money, which is causing some violent price movements, noting that there is "very little liquidity" in the corporate bond markets.
11:50 EDTOil Action: NYMEX crude fell to $57.94 lows
Oil Action: NYMEX crude fell to $57.94 lows, before recovering the $58 handle. Today's move marks a 21% decline from $73.54 highs seen just prior to the November 27 OPEC meeting, where the "cartel" decided to let the market determine oil prices. Sources are loath to pick a bottom, though say a move over $59 will be needed quickly to take the pressure off. A N.Y. close under $58 is liable to open the flood gates again, with the next major target being May, 2009 lows of $50.66.
11:40 EDTU.S. equities resumed their slide
U.S. equities resumed their slide and the VIX equity volatility guage is at session highs over 20.50 again, which seems to have its nexis in fresh declines on crude oil as the WTI slips below $58 bbl for a 2.9% decline on the day. The Euro Stoxx 50 is 2.2% lower, while Greek stocks are lagging at -0.4% on Athens. At least air traffic control over London has been resumed after a server glitch halted flights at Heathrow. Within the Dow the deepest decline has been by IBM as Big Blue sinks 2.4%, followed by Caterpillar -2.1% and Chevron -1.9%. Still up on the day are NIKE +0.4% and Wal-Mart +0.3% after brighter consumer sentiment. Treasury yields are back at lows.
11:35 EDTFX Action: Dollar gains post-Michigan sentiment have more than evaporated
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11:30 EDTMinneapolis Fed uber-dove Kocherlakota will not seek another term
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11:05 EDTU.S. VIX equity volatility cleared 20.0
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10:40 EDTEuro$ interest rate options update: a curve trade
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10:25 EDTCredit Suisse macroeconomics analysts hold analyst/industry conference call
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10:20 EDTThe December Michigan sentiment pop to a 93.8 cycle-high
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10:15 EDTFX Action: the dollar snapped to attention
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10:10 EDTTreasury Action: yields backed up from lows
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10:05 EDTU.S. Consumer Sentiment surged to a preliminary 93.8 in December
U.S. Consumer Sentiment surged to a preliminary 93.8 in December, much better than expected (median 89.5) from a final 88.8 in November, as reported by the University of Michigan.
09:58 EDTOil prices slump again, weigh on equities
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09:50 EDTU. Michigan consumer sentiment preview:
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09:44 EDTGuggenheim analysts hold an analyst/industry conference call
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09:40 EDTBarclays healthcare analysts to hold an analyst/industry conference call
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09:38 EDTCredit Suisse energy/oil analysts hold an analyst/industry conference call
Energy -Oil Analysts discuss the end of expensive oil and the implications across the investment universe on an Analyst/Industry conference call to be held on December 12 at 10 am.
09:27 EDTUBS software analyst to hold an analyst/industry conference call
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09:19 EDTUBS software analyst to hold an analyst/industry conference call
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09:15 EDTOil Action: NYMEX crude has taken out its initial downside target
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