New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL;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 >>
February 4, 2016
09:10 EDTU.S. Productivity posted a largely expected 3.0% contraction rate
U.S. Productivity posted a largely expected 3.0% contraction rate in Q4, after a small and also expected trimming in Q3 growth to 2.1% from 2.2%, as a slowdown in output growth revealed in the Q4 GDP data, alongside a big Q3-Q4 hours-worked gyration that still unperformed the monthly hours-worked data, translated to a big productivity swing around a weak path. Analysts saw a lean 1.3% Q4 growth clip for hourly compensation as was signaled by the last round of income figures, with an associated Q4 unit labor cost surge of 4.5%. For our Q1 forecasts, analysts expect a flat productivity figure that sharply undershoots the 1.6% average pace over the 14 years since the start of the last expansion in Q4 of 2001, alongside a 1.8% output rise that undershoots its 2.1% 14-year average, and a 1.8% hours-worked rise that exceeds the 0.5% 13-year average. Analysts expect restrained Q1 compensation growth of 3.0% that translates to a 3.0% unit labor cost rise, versus comparable respective 14-year average growth rates of 2.9% and 1.3%.
09:05 EDTCFA Society of Seattle to hold a discussion
Casey Frazier, Chief Investment Officer of Versus Capital provides an overview of the commercial real estate investable universe with a speech entitled, "Lessons From Institutional Real Estate Portfolio" in Seattle, Washington on February 4 at 8 pm.
09:03 EDTCleveland Federal Reserve Bank President speaks on the economy
Cleveland Federal Reserve Bank President Mester is the guest speaker at MNI's annual event discussing the Federal Reserve's economic and monetary policy in New York on February 4 at 5 pm. Webcast Link
08:58 EDTExecutives' Club of Chicago to hold a luncheon discussion
Subscribe for More Information
08:54 EDTBoston Security Analysts Society to hold a luncheon meeting
Subscribe for More Information
08:53 EDTThe National Press Club holds a discussion on the FAA
House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) discusses new legislation to reauthorize and reform federal aviation programs and the Federal Aviation Administration in a meeting being held in Washington, D.C. on February 4 at 10 am.
08:52 EDTHouse Energy & Commerce Committee to hold a hearing
Subscribe for More Information
08:50 EDTThe 8k U.S. initial claims bounce to 285k
The 8k U.S. initial claims bounce to 285k in the fifth week of January partly reversed the 17k drop to 277k (was 278k) in the MLK week from the 294k six-month high in the BLS survey week, as claims oscillate well above the 255k cycle-low in July. Holiday distortions presumably ended with today's figure and the level of claims remains elevated, though another week's data will help to confirm that the rise isn't at least partly due to seasonal distortion. On an NSA (not seasonally adjusted) basis, initial claims rose 16k, hence capping the period of big seasonal distortions that left an 83k plunge in the MLK week and a 124k drop in the BLS survey week, but a 98k surge in the prior week. Claims are averaging a lofty 284k thus far in January, following an already-elevated 277k December average and much lower prior averages of 270k in November and 263k in October. The 294k BLS survey week reading sharply overshot prior BLS readings of 272k in both November and December, and 259k in October. Analysts still expect a 200k January nonfarm payroll rise in tomorrow's report, with risks that analysts discussed in Monday's commentary.
08:50 EDTFX Action: The dollar fell to two-week lows
Subscribe for More Information
08:45 EDTU.S. productivity declined 3.0% in Q4
Subscribe for More Information
08:45 EDTTreasury Action: yields rotated lower
Subscribe for More Information
08:40 EDTU.S. initial jobless claims rose 8k to 285k in the week ended January 30
Subscribe for More Information
08:38 EDTStock futures follow oil lower
Stock futures moved lower as oil prices fell from its earlier higher prices. Initial jobless claims were 285,000, versus expectations of 277,000, while continuing claims were 2.25M, versus the expected 2.24M. Fourth quarter nonfarm productivity declined 3.0%, versus expectations for a decline of 2.0%, while unit labor costs rose 4.5%, versus expectations of an increase of 4.3%. Earlier, the Challenger job cuts report showed cuts were higher by 41.6% versus the same period a year ago and were mostly from the energy sector. Following the data, Dow futures are 63 points below fair value, Nasdaq futures are 17 points below fair value and S&P futures are 7 points below fair value.
08:31 EDTJobless Claims data reported
Subscribe for More Information
08:31 EDTGallup Good Jobs Rate level data reported
Subscribe for More Information
08:25 EDTU.S. Productivity Preview
Subscribe for More Information
08:25 EDTU.S. Initial Jobless Claims Preview
Subscribe for More Information
08:20 EDTTeucrium Corn Fund volatility flat on tight price range into planting season
Subscribe for More Information
08:20 EDTU.S. equities shed overnight gains
U.S. equities shed overnight gains with fresh swings on volatile crude still the main fulcrum for activity for now, with oil now down 1.6%. Futures had been firmer with a rebound in commodities and resource stocks, but sentiment began to erode again ahead of the N. American open. In Asia the Nikkei sank 0.85% as yen strength took a bite out of the BoJ's reflation program, but the Shanghai Comp rallied 1.5% after the PBoC stepped in to strengthen the yuan to head off speculators ahead of Lunar Week holidays. Europe has been mildly firmer after the Euro Stoxx 50 gained 0.1% after renewal of dovish vows by ECB's Draghi, while the UK FTSE rallied 0.7% after the BoE unanimously left rates on hold. Credit Suisse has traded 12% lower after reporting a loss, adding to concerns about European financial shares. The Dow meanwhile limped 86-points lower, while the S&P fell 11-points and NASDAQ sank 27-points in pre-market action after NYMEX crude tumbled 1.6% lower to trade back below the $32 area, reversing overnight gains. Up next are claims, productivity and factor orders data.
08:15 EDTFed funds opened at 0.38%
Fed funds opened at 0.38%. Yesterday's effective rate held at that 0.38% level for a 3rd straight session (and 8 of the last 9 days) with a 0.25% to 0.56% range. The Desk conducted a moderate $62.5 B reverse repo yesterday, with 36 counterparties. In the repo market, the current 3-year note is on special at 0.09%. General collateral trades at 0.52%.
<< 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 >>

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