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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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| June 17, 2013 |
| 09:00 EDT |  | | FX Action: USD-JPY threatened 95.00 over the U.S. data
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| 08:55 EDT | | | U.S. equities are comfortably higher
U.S. equities are comfortably higher to start off the week in line with gains on global stocks and regathering some confidence ahead of the FOMC meeting midweek. The Empire State index surged to 7.84 in Jun, lending a positive spin to momentum, though many of the data's components were stubbornly weak. In Asia, Japan's N-225 hurtled 2.73% higher, the HK Hang Seng rose 1.2% and the Shanghai Comp sank 0.25%. Bourses in Europe are stronger across-the-board, with the Euro Stoxx 50 up 1.4% and France's CAC 40 outperforming with a 1.5% gain. The Dow is 116-points higher, S&P gained 12-points and NASDAQ is 25-points consolidating gains after Empire data heading into the open. In corporate news, Smithfield Foods remains in play and volatile, rising 1.5% after one its stakeholders pushed for break-up of the company rather than its sale to China's Shuanghui. AMD ralled 5% after a bullish Barron's article. NAHB HMI is forecast to gain moderately next. |
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| 08:45 EDT | | | Treasury Action: yields popped up on Empire data
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| 08:44 EDT | | | Empire State Mfg Survey General Business Conditions Index data reported
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| 08:40 EDT | | | U.S. Empire State index surged over 9 points to 7.8 in June
U.S. Empire State index surged over 9 points to 7.8 in June, more than erasing the 4.5 point drop to -1.4 in May. This is the higest since March's 9.2. But he components of the report were mixed and not quite as encouraging as the headline. The employment index fell to unchanged from 5.7. New orders dropped to -6.7 from -1.2. Prices paid little changed at 21.0 from 20.5. The 6-month index dipped to 25.0 from 25.5. The 6-month employment index slid to 1.6 from 11.4 while capital expenditures plunged to 3.2 from 22.7, with prices paid at 45.2 from 29.6. Ahead of the FOMC and given the mix in the data, Treasury yields should be little changed. |
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| 08:36 EDT | | | Futures remain higher
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| 08:35 EDT | | | FX Action: USD-CAD traded a narrow 1.0150-65 range in London
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| 08:10 EDT | | | U.S. NY Fed "Empire State" Index Preview
U.S. NY Fed "Empire State" Index Preview: The June Empire State index will kick off the month's producer sentiment measures. Analysts expect the headline to improve to 3.0 from -1.4 in April, which should mark a month of improved sentiment measures after the slides that most major measures revealed in May. |
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| 07:55 EDT | | | Fed funds opened at 0.10%
Fed funds opened at 0.10% after a 0.06% close on Friday. The rate ranged from 0.05% to 0.3125% with a 0.10% effective. Interbank borrowing rates were mixed at today's Libor fixing. The overnight dollar Libor rate rose to 0.13080% from 0.12900%. The 1-week rate was steady at 0.15901%. The 3-month rate edged up to 0.27325% from 0.27275%. The 12-month rate fell to 0.66810% versus 0.66910%. |
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| 07:40 EDT | | | Treasury Market Outlook: Treasuries are unchanged to higher
Treasury Market Outlook: Treasuries are unchanged to higher, in tandem with modest gains in German Bunds, even as equities climb higher. Bond markets were mostly lower in Tokyo action as Japan's Nikkei soared over 2.7% as the yen softened. The 10-year Treasury yield has dipped modestly to 2.11%, the lowest in 8 days. Trading was thinned by the advent of the FOMC decision Wednesday. Overseas data was limited, while traders continued to monitor clashes in Syria and demonstrations in Turkey. Today's U.S. calendar is light with just the June Empire State index and the NAHB homebuilder index, some of the first readings for June. The NY Fed will buyback between $4.75 B to $5.75 B in March 2018 through February 2019 notes. |
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| 07:28 EDT |  | | BofA/Merrill to host a conference
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| 07:27 EDT | | | CLSA to host a tour
Asia Tech Tour will travel throughout Korea, Taiwan and Japan on June 17-21. |
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| 07:27 EDT | | | Futures suggest higher open
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| 07:05 EDT | | | National Investment Banking Association to host a conference
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| 07:00 EDT |  | | German economy showing signs of slowing, Reuters reports
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| 06:31 EDT | | | On The Fly: Morning Wrap-Up for June 17
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| 06:30 EDT | | | Commodity markets consolidated
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| 06:24 EDT |  | | CBOE Volatility Index VIX closed at 17.14, 10-day moving average is 16.64
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| 06:15 EDT | | | June front month equity options expire, June 21, 2013
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| 03:55 EDT | | | FX Action: USD-JPY is close to 95.00
FX Action: USD-JPY is close to 95.00 following the overnight rally out of the 94.00-10 area. Sentiment is positive after the Nikkei closed 2.73% higher. Activity in Europe is slow due to the prevailing event risks this week, which include the FOMC meeting. Option expiries at 95.00 could dampen follow through activity, though the balance of risk should remain with the topside if stocks could sustain higher levels. Direct USD-JPY flows have been limited, but tentative interest for the JPY crosses was noted since the European, which fueled a EUR-JPY move up to the the 126.80 region from 126.10. USD-JPY offers are tipped into the 95.30-40 region and over 95.50. Larger Asian fund order flows is anticipated into 96.00. |
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