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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 24, 2014
08:55 EDTU.S. equities are moderately firmer
U.S. equities are moderately firmer after spillover gains in Asia after the Dow closed over 18k yesterday following 5% GDP growth, though Europe has been mixed. Initial jobless claims fell 9k to 280k for the December 20 week, helping prop up shares. The shortened session should see volumes as very low ebb, with an early close at 13 ET. The Dow is 24-points higher, S&P rose 2-points and NASDAQ is up 5-points in pre-market action, supported by the claims data. Japan's N-225 rallied 1.24%, propped up by the weak yen as well, while the Shanghai Comp sank 1.98% and the Euro Stoxx 50 is 0.3% lower. In M&A, medical device maker Stryker announced a takeover of Smith & Nephew, while Sumitomo Mitsui Bank plans to by Citigroup's retail unit in Japan for Y40 B. Otherwise, all that stand between claims and an early close on Wall Street is the EIA energy complex inventories.
08:50 EDTThe 9k U.S. initial claims drop to 280k
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08:45 EDTTreasury Action: yields steadied under highs
Treasury Action: yields steadied under highs after the main release of the session came in firmer than expected, as jobless claims sank 9k to 280k. The T-note yield has been probing the 2.28% area from Asian lows of 2.24%, with December highs of 2.347% above. The 2s-10s spread has widened out to +154 bp - out another 2 basis points from the close.
08:40 EDTU.S. initial jobless claims fell 9k to 280k in the week ended December 20
U.S. initial jobless claims fell 9k to 280k in the week ended December 20, from 289k previously. This is the lowest level in 7 weeks and claims have held below 300k in every week but one (November 22) since September 6. The 4-week moving average slid to 290.25 from the prior 298.75k. Continuing claims rose 25k to 2,403k in the week ended December 13 after dropping 142k to 2,378k (revised from 2,373k) in the prior week. The BLS said there was nothing unusual in the data, but claims are subject to a lot of distortions during the holidays.
08:40 EDTFX Action: The dollar more or less ignored
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08:34 EDTJobless Claims data reported
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08:33 EDTFutures remain higher following jobless claims data
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08:20 EDTU.S. initial jobless claims preview:
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08:00 EDTEnergy Action: NYMEX crude oil made its way from $57.52 highs
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07:40 EDTTreasury Market Outlook: the markets are little changed in quiet trading
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07:40 EDTU.S. MBA mortgage market index rose 0.9%
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07:35 EDTN.Y. FX Outlook
N.Y. FX Outlook: A very quiet overnight session took the dollar modestly lower, as pre-holiday position squaring appeared to be the main driver. EUR-USD moved briefly over 1.2200, and never really threatened Tuesday's 1.2165 trend low. USD-JPY meanwhile, moved away from noted sellers from 120.80, back under 120.50. The U.S. calendar is light into what will be a shortened session for most, and will reveal weekly jobless claims at 8:30 EST, followed by weekly EIA petroleum inventory data at 10:30 EST.
07:02 EDTFutures quiet in early trading
Stock futures are trading near fair value ahead of the holiday shortened trading session. The stock market will close at 1:00 pm ET, and volume is expected to be light, while the market is expected to be in drift mode. The Dow had its first finish above 18,000 yesterday, and the next milestone on the horizon is 2100 for the S&P 500. Investors will be watching the weekly energy inventories for clues about oil and gas consumption.
05:37 EDTOn The Fly: Morning Wrap-Up for December 24
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01:40 EDTOil Action:
Oil Action: Oil prices moved higher overnight as Chinese crude stockpiles declined 1.83% m/m in November with diesel stockpiles down 4.33% m/m, before falling back again slightly with Nymex WTI crude below USD 57 again and down 0.67% on yesterday's close. U.S. crude stockpiles are also expected to have shrunk, according to a Bloomberg survey. But even if this prompts a last minute pick up, oil prices are heading for the biggest annual decline since 2008, amid the global rise in supply, exacerbated by the highest U.S. output in more than 3 decades.
December 23, 2014
23:00 EDTJapan FinMin Aso: desirable yen levels
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17:00 EDT 4-Week Bill Auction to be released at 11:30
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17:00 EDTWeek of 1/3 Redbook to be released at 08:55
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15:15 EDTTreasury Closing Summary:
Treasury Closing Summary: Yields backed up on Tuesday after Q3 GDP was revised up to 5.0%, despite any caveats about healthcare spending that may well have inflated the result. Stocks largely spun their wheels after the data, which was accompanied firmer personal income but weaker durables, new home sales and final U. Michigan revisions. Thinning holiday conditions and a rather poor 5-year auction went hand in hand, keeping Treasuries on the defensive ahead of tomorrow's shortened session. The dollar index ramped to fresh cycle highs as well.
15:15 EDTTreasury Option Action:
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