News Breaks |
|
|
| January 14, 2013 |
| 12:35 EDT |  | | Finland outlook raised to stable from negative by S&P
Standard & Poor's revised its outlook on the long-term rating on Finland to stable from negative and affirmed the 'AAA' long-term and 'A-1+' short-term sovereign credit ratings. S&P expects the risks to the Finnish economy related to the eurozone crisis will remain contained. |
|
|
News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
|
|
| May 22, 2013 |
| 15:00 EDT | | | U.S. weekly jobless claims preview:
 Subscribe for More Information |
|
| 14:44 EDT | | | Week of 5/31 EIA Petroleum Status Report to be released at 10:30
Subscribe for More Information |
|
| 14:39 EDT |  | | CBOE Volatility Index VIX is recently up 97c to 14.34
|
|
| 14:35 EDT | | | WSJ's Hilsenrath suggests FOMC does not appear to be near a consensus on when to start reducing asset purchases
WSJ's Hilsenrath suggests FOMC does not appear to be near a consensus on when to start reducing asset purchases in his blog piece, Parsing the FOMC Minutes. He cited the statement that "a number of participants expressed willingness to adjust the flow of purchases downward as earlly as June...however, views differed about what evidence would be necessary." That was our conclusion too, noting both that statement and the tone in Chairman Bernanke's JEC testimony earlier. Today's Fed events also support the notion that QE is still benefiting the economy. Plus, the recent mix of data are keeping policymakers uncertain over the path of growth, and hence policy. |
|
| 14:35 EDT | | | U.S. New Homes Sales Preview
Subscribe for More Information |
|
| 14:29 EDT | | | Some Fed members say willing to cut asset purchases by June
Subscribe for More Information |
|
| 14:28 EDT | | | April Factory Orders to be released at 10:00
Subscribe for More Information |
|
| 14:28 EDT | | | May ISM Non-Mfg Index to be released at 10:00
Subscribe for More Information |
|
| 14:28 EDT | | | Productivity and Costs to be released at 08:30
|
|
| 14:28 EDT | | | May ADP Employment Report to be released at 08:15
Subscribe for More Information |
| |
| 14:25 EDT | | | Dallas Fed hawk Fisher: printing money does no good
Subscribe for More Information |
|
| 14:20 EDT | | | Treasury Action: yields are back off highs as stocks extend their declines
Subscribe for More Information |
|
| 14:15 EDT | | | FOMC Minutes: a number of participants expressed a willingness to adjust purchases downward as early as June
FOMC Minutes: a number of participants expressed a willingness to adjust purchases downward as early as June if the economic data showed evidence of sufficiently strong and sustained growth. But, the Minutes also revealed disagrement on the evidence needed. Also, "many" wanted to see more progress on the labor market before slowing QE. Additionally, recent data opened up some concerns that the recovery was stalling. So, the minutes continue to reflect debate over QE. June sticks out, but analysts don't believe the Committee will be ready to pull the trigger next month. |
|
| 14:06 EDT | | | 'Most' Fed members looking for continued progress before easing
Minutes from the last Federal Reserve meeting state, "Participants also touched on the conditions under which it might be appropriate to change the pace of asset purchases. Most observed that the outlook for the labor market had shown progress since the program was started in September, but many of these participants indicated that continued progress, more confidence in the outlook, or diminished downside risks would be required before slowing the pace of purchases would become appropriate." |
|
| 14:05 EDT | | | Treasury Option Action: heavy put positioning in 5-year area
Subscribe for More Information |
|
| 13:57 EDT | | | Averages erase gains, turn mixed for session
Stocks have turned mixed after a sharp move higher to start the day’s trading. The Dow made triple digit gains following dovish comments from Fed Chairman Ben Bernanke, but each of the major indices have erased their early gains, trading well off their best levels. Advancing stocks are even with declining stocks and up volume is also about even with down volume. Crude oil prices are lower by more than 1.5% and gold is up 0.7%. The Dow is up 8 points, the S&P is down 1 point, and the Nasdaq is down 13 points. |
|
| 13:45 EDT | | | U.S. equities reversed lower
U.S. equities reversed lower as taper talk finally took its toll on the optimistic assets, though it's all a bit premature either way. In the Dow the biggest losers are mostly tech thanks to a 1% Cisco drop, UnitedHealth 0.5% decline and Microsoft 0.4% dip. On the upside, JPM at +2.8%, Home Depot at +2.7% and Pfizer +2.6% are all the leading gainers. NASDAQ is off 0.15%, while the Dow is 0.25% higher and S&P is hanging on to a 0.35% gain. Dallas Fed hawk Fisher and the FOMC minutes are due next. |
|
| 13:35 EDT | | | FOMC Minutes preview: FOMC minutes will hopefully shed further light on the QE debate
FOMC Minutes preview: FOMC minutes will hopefully shed further light on the QE debate, such as the inclusion of the symmetric stance on asset purchases with in the May 1 policy statement. Analysts suspect it was done to appease the centrist dovish members given the numerous hawkish comments about the costs of QE that have weighed on Treasuries in recent months. Analysts're also going to be interested in ongoing guidence on the economy and inflation. Bernanke's comments were a little more downbeat on both. Meanwhile, in the March minutes it was seen that 1 member wanted to slow purchases immediately; 2 members wanted to continue QE through year end. A "few" thought tapering could begin around mid-year and end later this year, while "sevearl others" thought if the outlook labor market conditions improved as expected, could start trimming purchases later in the year and stop them at year end. Of course analysts'll count up to see if these numbers have changed. But, there's still a big IF on the FOMC's policy course, and that of course is the data. |
|
| 13:30 EDT | | | FX Action: USD-CAD took out prior 2013 highs of 1.0343
Subscribe for More Information |
|
| 13:00 EDT | | | Goldman Sachs reiterated a Dec FOMC taper launch
Subscribe for More Information |
| |
|
|
|
|
