New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | all recent NOSYMBOL news | >>
December 17, 2014
12:40 EDTU.S. Cleveland Fed's CPI edged up 0.1% in November
U.S. Cleveland Fed's CPI edged up 0.1% in November, in contrast to the BLS's -0.3% print. The 16% trimmed mean rose 0.1% too, but in line with the BLS measure. The annual rate on the Median CPI was unchanged at 2.3% y/y, with the 16% trimmed mean at 1.8% y/y versus 1.9% y/y previously, versus the slowing in the BLS headline to a 1.3% y/y clip from 1.7% y/y and the core to 1.7% from 1.8%. So pretty much no matter what method is used to look at inflation, price pressures are steady or are moving lower.
12:30 EDTU.S. equities jerked back to highs
U.S. equities jerked back to highs ahead of the FOMC decision, closely tracking the $3 recovery in NYMEX crude back above $58 bbl as Russia also appeared to get its financial house in order and engineer a sharp rebound in the ruble. That has slashed losses on European stocks, with the Euro Stoxx 50 back in the green, while Russia's RTS is 14.4% higher. Blue Chips are leading the surge, up some 1.25%, followed by the NASDAQ comp for a change with a 1.0% gain. Within the Dow it is no coincidence that Chevron +4.6% and Exxon +3.4% are among the top gainers. The historic thaw of relations between Cuba and the U.S., along with prisoner exchanges and travel policies no doubt helped fuel some optimism on the margin as well. The expected FOMC decision to replace "considerable time" with "patience" is also seen as pretty palatable and more a function of improving fundamentals than a levy on the markets, especially after tame CPI. Note, the VIX equity volatility index is 7.7% lower near 21.75, down from highs of 24.61. The dollar has bounced and Treasury yields are back near session highs.
12:20 EDTFX Action: USD-CAD has traded into 1.1610
Subscribe for More Information
11:55 EDTU.S. swap spread narrowing has kicked in
Subscribe for More Information
11:35 EDTFOMC Forecast revisions
Subscribe for More Information
11:10 EDTFX Action: USD-CAD rallied to highs
Subscribe for More Information
11:05 EDTDeutsche Bank Russian strategist/economist analyst/industry conference call
EMEA Economist Burgess, along with Chief Russian Strategist Pikulev, discuss their thoughts and trades on Russia on an Analyst/Industry conference call to be held on December 18 at 9 am.
11:00 EDTOil Action: NYMEX crude has bounced sharply
Subscribe for More Information
10:55 EDTEuro$ interest rate options: mostly bullish positioning
Euro$ interest rate options: mostly bullish positioning has been spied ahead of the FOMC decision, implying that the statement could be pretty tame despite any expected changes from "considerable" to "patient". Among them were a 5k purchase of Short January 91/92 call spreads vs 85/86/87 put butterflies. Also, a 5k purchase of September 95 calls vs 91/93 put spreads, a purchase of 3k in Green January call 1x2s and sale of 15k in Green January 78 puts. The March 2015 contract is flat at 99.705, while the deferreds are up to 3.5-ticks lower out the curve.
10:45 EDTOil Action: Front month NYMEX crude fell to $54.80
Subscribe for More Information
10:30 EDTCrude inventories for week of December 12
Subscribe for More Information
10:10 EDTTreasury Option Action: more mixed positioning
Subscribe for More Information
09:47 EDTMarket opens higher despite lower oil prices
Subscribe for More Information
09:45 EDTThe unexpected U.S. current account widening
Subscribe for More Information
09:30 EDTMinneapolis Fed's Kocherlakota will not seek another term
Minneapolis Fed's Kocherlakota will not seek another term, according to the Fed's website. His term expires on February 29, 2016. He took office in 2009 and initially followed the hawkish reputation of the regional bank. But he shifted his views toward a very dovish outlook in recent years and supported active central bank intervention which clashed with the traditional stance of the research staff. Indeed, the transformation has so great that he even dissented at the October FOMC meeting in favor of keeping rates lower for longer. It looks unlikely that he would have been supported for a second term. Hence, today will be his final voting opportunity.
09:15 EDTFX Action: USD-CAD stalled into Tuesday's 1.1665 highs in London trade
Subscribe for More Information
09:15 EDTFOMC preview: the FOMC has resumed its meeting
FOMC preview: the FOMC has resumed its meeting and will announce its policy decision at 14:00 ET, with Yellen's press conference following at 14:30 ET. The strength in the economy and the labor market exhibited over the last couple of quarters should finally give policymakers enough confidence to continue its normalization process (after ending QE) by removing the "considerable time" language. But there won't be any definitive indication of the timing of rate lift-off. That will especially be the case given the failure of inflation to meet the 2% target (highlighted by the decline in November CPI), ongoing worries about a negative market reaction, not to mention the recent financial market turbulence. Indeed, analysts suspect the Committee will look beyond the recent volatility, as well as the signs of slower growth abroad as it crafts the policy statement. And this week's FOMC meeting offers the best opportunity for such changes since Yellen will be able to more fully explain the changes in the press conference. Nevertheless, assuming "considerable time" is removed, even if replaced by some indication of a "patient" approach, the markets will immediately jump to pricing in the first rate hike into the June 16, 17 meeting. That would be consistent with the 6-month time-frame suggested by Yellen's faux pas at her first presser back in March.
09:05 EDTThe big 0.3% November U.S. CPI headline drop undershot estimates
Subscribe for More Information
09:05 EDTYellen's methodical style could tip scales on the "considerable time" debate
Subscribe for More Information
08:56 EDTJPMorgan insurance analysts hold analyst/industry conference call
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use