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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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August 13, 2014
11:10 EDTNY Fed bought $0.423 B in TIPS in today's buyback
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10:50 EDTToday's U.S. major reports both undershot assumptions
Today's U.S. major reports both undershot assumptions, with component data that were weaker than the restrained headline figures. Analysts saw a flat retail sales figure in July with a tiny 0.1% rise for the ex-auto and "control" measures, while Q2 sales were lowered for the important components that enter GDP calculations. Similarly, analysts saw a restrained 0.4% June business inventory rise, with a skewing in the June gain to the auto component that also doesn't enter GDP calculations. Analysts now assume a downward Q2 GDP growth bump to 3.8% from 4.0%, and our Q3 GDP estimate has been lowered to 3.2% from 3.5%. Note also that today's MBA weekly mortgage market purchase index fell again, leaving potential for this measure to set a new month-average cycle-low in August.
10:40 EDTOil Action: Front month NYMEX crude fell to $97.04
Oil Action: Front month NYMEX crude fell to $97.04 from $96.98 following the EIA inventory data which showed a 1.4 M bbl rise in crude stocks. The street had been expecting a 2.0 M bbl decrease. Meanwhile, gasoline supplies, down 1.5 M bbls actually fell 1.2 M bbls, while distillate stocks were down 2.4 M bbls, versus expectations for a 0.5 M bbl increase. Refinery usage fell to 91.6% from 92.4%.
10:31 EDTCrude Inventories for the week of August 8
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10:30 EDToutright purchase: the Fed is buying $0.35 B to $0.45 B in TIPS
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10:20 EDTTreasury Action: yields have steadied above lows
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10:20 EDTThe expected 0.4% June U.S. business inventory rise
The expected 0.4% June U.S. business inventory rise followed a downwardly-revised 0.5% (was 0.6%) May gain to leave a weaker inventory path than the BEA assume in constructing the 4.0% Q2 GDP growth estimate, and analysts now assume a downward bump in Q2 growth to 3.8%. The downwardly-revised 3.8% (was 4.0%) Q2 GDP growth figure should include a big $24 B downward inventory revision, with downward bumps of $12 B for wholesalers, $6 B for both factories and retailers. This should accompany a $1 B downward consumption revision, but boosts of $15 B in net exports, $3 B in construction, and $2 B in equipment. Our 3.2% Q3 GDP growth forecast incorporates a flat inventory figure, following the expected $34 (was $58) B inventory boost to Q2 GDP growth that translates to a $69.4 (was $93.4) B accumulation rate. For today's inventory specifics, analysts saw a largely expected 0.5% retail inventory rise, alongside already-reported gains of 0.3% for both factories and wholesalers, though the retail gain was skewed toward the auto-component that isn't used for GDP calculations.
10:15 EDTU.S. business inventories rose 0.4% in June
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10:00 EDTBusiness Inventories data reported
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09:55 EDTFX Action: USD-JPY is recovering
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09:55 EDTFed Policy Outlook: the Fed remains on course to normalize policy
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09:55 EDTU.S. Business Inventories Preview
U.S. Business Inventories Preview: June business inventories are expected to reveal a 0.4% (median 0.4%) increase for inventories along with a matching 0.4% increase for sales for the month. Data in line with this forecast would leave the I/S ratio steady at 1.29 for a fourth month in a row.
09:50 EDTEuro$ interest rate options: mixed early activity
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09:47 EDTMarket opens higher despite weak retail sales
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09:40 EDTNY Fed dove Dudley discussed wholesale funding markets
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09:35 EDTThe flat July retail sales headline with a tiny 0.1% ex-auto rise
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09:35 EDTBoston Fed dove Rosengren discussed technical issues
Boston Fed dove Rosengren discussed technical issues and not policy or the economy, among them overdue broker-dealer regulations, capital requirements and limits on repo use by broker-dealers. Nothing to see here folks, move along.
09:05 EDTU.S. equities lost some traction
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08:45 EDTFX Action: The dollar slipped after the retails sales data
FX Action: The dollar slipped after the retails sales data missed expectations, taking EUR-USD to 1.3392 from 1.3365, and USD-JPY to 102.30 from over 102.45. Equity futures gave back some of their gains though remain in positive territory, while Treasury yields slipped.
08:41 EDTFutures remain higher following retail sales data
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | all recent NOSYMBOL news | >>

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