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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| May 8, 2013 |
| 07:02 EDT |  | | MBA Purchase Applications Refinance Index data reported
Week of 5/3 MBA Purchase Applications Refinance Index up 8.0% for the week |
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| 07:02 EDT | | | MBA Purchase Applications Index data reported
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| 07:02 EDT | | | MBA Purchase Applications Composite Index data reported
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| 07:01 EDT |  | | ECB weighing steps to spur lending to businesses, Reuters reports
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| 06:55 EDT | | | Grand bargain deficit deal can still be reached, Politico says
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| 06:18 EDT | | | On The Fly: Morning Wrap-Up for May 8
Globex S&P futures are recently up 0.80 from previous day's SPX cash close. Nikkei 225 up 0.74%, DAX up 0.35%. WTI Crude oil is recently at $95.35, NYMEX Natural Gas down 0.54%, gold at $1452 and ounce copper up 0.65%. |
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| 06:15 EDT |  | | CBOE Volatility Index VIX closed at 12.83, 10-day moving average is 13.44
CBOE Volatility Index VIX 50-day moving average is 13.62. |
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| 06:12 EDT | | | May front month equity options expire, May 17, 2013
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| 05:55 EDT | | | China's April trade data beat expectations, Reuters reports
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| 05:55 EDT | | | Nymex crude consolidated close to $95.50 bbl
Nymex crude consolidated close to $95.50 bbl, leaving it largely unchanged on the session. Buying interest went through in Asia after China trade data came in on the stronger side. However, gains were limited ahead of today's EIA data, which will reveal the latest snapshot on crude stockpiles. API data came in below expectations on Tuesday after crude stocks rose 0.7 M barrels, but inventories are still at historically high levels. This has been a major cap on prices, along with ongoing concerns over the demand outlook. Meanwhile, nominal gold was supportive ahead of $1450 amid reports of strong physical demand out of China over the last two weeks. Zhang Bingham, secretary general of the China Gold Association, told Reuters that investment demand should continue to stay strong due to the lack of investment alternatives. China gold imports hit record highs in March and are expected to gain further this year. |
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| 05:51 EDT | | | Some hedge funds, big investors cautious on selling Canada short, WSJ reports
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| 04:55 EDT | | | FX Action: USD-JPY was capped over 99.00
FX Action: USD-JPY was capped over 99.00 overnight as non-Japanese accounts pared back long positions after increased exporter hedging on Monday and Tuesday. Positive risk appetite has helped the JPY crosses, but yen selling has lost some its intensity. The BoJ have eased policy and are likely to digest the impact from the new asset purchase scheme before shifting again. There are also very heavy outstanding 100.00 barriers that are still intact, which has encouraged hedging from lifers and exporters that want to lock current levels. Until these flows run their course USD-JPY may be a range trade. On an intra-day basis, support is noted into 98.50-60. Offers are noted from 99.20-30. |
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| 01:10 EDT | | | Asian stocks were boosted by China trade
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| May 7, 2013 |
| 15:20 EDT | | | Treasury Closing Summary:
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| 15:15 EDT | | | Treasury Action: yields remained stalled near highs
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| 15:10 EDT | | | U.S. consumer credit rose only $8.0 B in March
U.S. consumer credit rose only $8.0 B in March, half of what was expected, from a revised $18.6 B surge in February (was $18.1 B). Revolving credit, i.e. credit cards, declined $1.7 B after a 0.5 B gain previously. Nonrevolving credit, including auto loans and student loans, climbed $9.7 B following February's $18.2 B jump (revised from $17.6 B). The data shouldn't have market impact. |
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| 15:10 EDT | | | Canada Housing Starts Preview
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| 14:30 EDT | | | U.S. consumer credit preview:
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| 14:15 EDT | | | U.S. equities are consolidating higher
U.S. equities are consolidating higher though forward progress has stalled a bit after Europe's strong close. The Euro Stoxx 50 rose 0.67%, helped by solid German manufacturing orders, while the Italian MIB outperformed at +1.54% as yield spreads continued to narrow there. The Dow and S&P are up about 0.5%, with the NASDAQ comp lagging for a change just in positive territory. Biggest gainers so far have been Caterpillar at +2% and JPMorgan +1.95%, while the losing column has been led by Cisco -1.9% and Microsoft -1%. Yet that's been enough to keep risk assets lording it over safety. The T-note remains lodged just below session 3-week highs of 1.79% |
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| 14:09 EDT | | | Dow, S&P at all-time highs
The market began the day in quiet fashion but has steadily tacked on gains, pushing the Dow and S&P 500 to new all-time highs with the Dow poised to close above 15,000 for the first time. Advancing stocks are ahead of declining stocks by more than 2:1 and up volume is ahead of down volume by the same margin. Crude oil prices are lower by 0.6% and gold is lower by 1.2%. The Dow is up 74 points, the Nasdaq is up 4 points, and the S&P is up 7 points. |
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