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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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May 13, 2013
09:35 EDTU.S. Business Inventories Preview
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09:33 EDTCBOE Volatility Index VIX is recently down1c to 12.58
09:15 EDTJefferies glass analyst research team holds an analyst/industry conference call
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09:10 EDTU.S. equities trimmed pre-open losses
U.S. equities trimmed pre-open losses following the better than expected retail sales print in Apr, though this was relative to very low expectations and the ex-gasoline gain was 0.7%, implying firmer underlying consumer spending that should prove supportive to growth. Stocks had been a tad anxious over more Fed tapering stories, this time on the topic of a Bernanke's potential replacement in Janet Yellen in the WSJ. They had also been disappointed over Chinese data. In Asia, the N-225 rose 1.20% thanks to a dollar probe over Y102 after no G7 complaint, while the Shanghai Comp in China fell 0.22% after missing data targets on output and investment. In Europe, the Euro Stoxx 50 is off 0.35%, with shallow losses across most of the rest of the region, led by -1.3% in Italy. The Dow is 15-points lower, S&P fell 2-points and NASDAQ is 3-points lower, though "fair value" adjustments may push these into the green at the open. In corporate activity, SoftBank reportedly snubbed banks for its upcoming IPO who took part in rival DISH's $25 B bid for Sprint Nextel. Yum Brands reported a 29% dive in China sales due to bird flu. Elan paid $1 B for Theravance royalties from Glaxo. Business inventories are due next.
09:08 EDTCitigroup's chemicals and agriculture analyst holds a conference call
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09:05 EDTWSJ's Hilsenrath indicated the Fed has mapped out an exit strategy
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09:00 EDTFX Action: The dollar rallied for a few moments
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08:55 EDTFX Action: USD-JPY options are expected to influence
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08:40 EDTU.S. retail sales rebounded 0.1% in April, but was down 0.1% excluding autos
U.S. retail sales rebounded 0.1% in April, but was down 0.1% excluding autos. March's 0.4% headline decline was revised down slightly to -0.5% from -0.4%, while February's 1.0% gain was revised to 1.1%. The 0.4% decline in ex-autos from March was not revised. But the 1.0% February gain was boosted to 1.1%. Retail sales excluding autos, gas, and building materials rose 0.6% versus unchanged in March (revised from -0.2%). Vehicle and parts sales rebounded 1.0%. Gas station sales dropped 4.7%. Building materials climbed 1.5%. Furniture sales were flat. Electronics sales edged up 0.8%. Clothing rose 1.2%. Non-store retailers were up 1.4%. Miscellaneous sales inched up 0.1%. Sales were better than expected.
08:40 EDTTreasury Action: yields rebounded to highs
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08:34 EDTFutures remain lower ahead of open
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08:32 EDTRetail Sales Less Autos & Gas data reported
April Retail Sales Less Autos & Gas up 0.6% vs. consensus of 0.4% for the month
08:32 EDTRetail Sales less autos data reported
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08:32 EDTRetail Sales data reported
April Retail Sales up 0.1% vs consensus of -0.3% for the month
08:20 EDTU.S. Retail Sales Preview
U.S. Retail Sales Preview: April retail sales are expected to reveal further declines. Analysts expect the headline to decline by 0.4% (median -0.3%) with the ex-autos figure falling by -0.4% (median -0.1%) as well. Both measures were also down by 0.4% in March as well.
08:15 EDTFed funds opened at 0.13%
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08:10 EDTTreasury Market Outlook: Treasuries are unwinding overnight gains
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08:00 EDTCitigroup's managed care analysts holds an analyst/industry conference call
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07:55 EDTDeutsche Bank's energy economist to hold an analyst/industry conference call
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07:52 EDTJefferies' energy analysts hold an analyst/industry conference call
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