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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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August 7, 2014
10:30 EDTU.S. dollar swap spread widening continues unabated
U.S. dollar swap spread widening continues unabated this week as credit contagion risks via Europe remain in force (though Draghi said BES is contained to Portugal, so it must be true), while WSJ headlines that the Fed and FDIC found the 11-largest banks' "living wills" (subscription) woefully inadequate certainly didn't help instill confidence among AAA-lenders either. The risk sensitive 2-year swap spread has blown out as wide as +22.5 bp (mid) compared to the +16 bp area at the end of July, widening each day this week regardless of the risk climate on stocks, as Treasury yields also remain near recent lows, gold is holding over $1,300 and VIX equity volatility index opened back below 16.0, having traded as wide at 17.57 on payrolls Friday. The 10-year swap spread widened out to +14.75 bp, the highest level since +15 bp on February 7.
10:25 EDTFX Action: USD-CAD touched North American lows
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10:25 EDTNY Fed outright purchase: the Fed is buying $2.05 B to $2.50 B in notes
NY Fed outright purchase: the Fed is buying $2.05 B to $2.50 B in notes dated from August 15, 2021 through May 15, 2024. Treasury yields remain a little lower with the benchmark 10-year at 2.455%. This is the last buyback of the week. The Desk will be back in 3 times next week, Tuesday, Wednesday and Thursday with purchases totaling between $2.9 B to $3.5 B.
10:18 EDTMarket higher following weekly jobless claims
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09:35 EDTTreasury Action: the $67 B refunding auctions are still a ways off
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09:20 EDTTreasury Option Action: some trading in risk reversals
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09:10 EDTU.S. equities are on the mend
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09:10 EDTFX Action: USD-CAD has been steady
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08:55 EDTThe 14k U.S. initial claims drop to 289k
The 14k U.S. initial claims drop to 289k in the first week of August defied the expected unwind of the July retooling distortions that was presumably evident with the prior 23k pop to 303k (was 302k) from the 279k mid-July cycle-low, as claims appear to be oscillating around tighter levels following the July vehicle sector retooling. Claims are entering August below the already-tight 296k July average, following prior averages of 315k in June and 312k in May. Analysts may see only a small August back-up in the BLS survey reading from the tight 303k figure in July, followed prior BLS figures of 314k in June and 327k in May. Analysts boosted our August payroll estimate to 210k from 200k to leave the figure in line with the 209k July increase and the 214k average rise of the last twelve months. Payrolls face ongoing upside risk from tight claims, a firm producer sentiment and ADP trajectory, solid vehicle assembly rates into August, and an ongoing consumer confidence climb back above mid-2013 levels.
08:45 EDTTreasury Action: yields jerked higher
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08:40 EDTU.S. initial jobless claims dropped 14k to 289k in the week ended August 2
U.S. initial jobless claims dropped 14k to 289k in the week ended August 2, versus a revised 303k in the last week of July (was 302k). This is the lowest level since February 2006. That brought the 4-week moving average down to 293.5k from 297.5k (revised from 297.25k). Continuing claims fell 24k to 2,518k in the week ended July 26 from a revised 2,542k (was 2,539k). The Labor Department said there were no special factors affecting the data.
08:40 EDTFX Action: The dollar moved higher
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08:33 EDTClaims data gives futures a lift
Stock futures moved higher following the release of the weekly jobless claims data. There were 289K initial claims versus the expected 304K, while continuing claims came in at 2.51M versus the expected 2.51M.
08:31 EDTJobless Claims data reported
Week of 8/2 Jobless Claims at 289K vs. consensus of 305K
08:25 EDTU.S. weekly jobless claims preview:
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08:15 EDTOil Action: NYMEX crude is up 16 cents at $97.08/bbl
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07:47 EDTEuropean Central Bank leaves interest rates unchanged
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07:40 EDTN.Y. FX Outlook
N.Y. FX Outlook: The dollar perked up some in London trade, though is off it best levels overall into the N.Y. open. EUR-USD put in a floor near 1.3365, while USD-JPY rebounded over 102.45, back above Wednesday's pre-selloff levels. Cable was bid up some into the BoE announcement, trading to 1.6860 before easing back to 1.6845 after the Bank remained steady on policy. Eyes turn to the ECB announcement and press conference this morning, where no policy change is expected, though given recently soft incoming EU data, Draghi's words will be parsed carefully at his 8:30 EDT press conference. The U.S. calendar is light, with just weekly jobless claims on deck at 8:30 EDT.
07:35 EDTFX Update
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07:35 EDTTreasury Market Outlook: Treasury yields are lower
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | all recent NOSYMBOL news | >>

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