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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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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 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>
May 20, 2015
09:42 EDTFinancial Services Roundtable to hold a webcast
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09:40 EDTFOMC minutes to April meeting could be a source of further volatility
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09:00 EDTTreasury Option Action: bullish call demand
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08:55 EDTFX Action: USD-CAD has traded off its best levels
FX Action: USD-CAD has traded off its best levels of 1.2256 posted in London, and is currently trading near 1.2200 as oil prices stabilize near $58.50. The next potential mover for the pairing will be the 10:30 EDT release of weekly EIA petroleum inventory data, which generally, if only briefly, riles up the oil market. API data reported a larger than expected stock draw on Tuesday, and the oil market will look to EIA for confirmation this morning. Some corporate backed USD-CAD bids are noted from 1.2200, though after that, support doesn't really enter the picture until 1.2130, Tuesday's lows.
08:45 EDTChicago Fed dove Evans saw no rate hike before early 2016
Chicago Fed dove Evans saw no rate hike before early 2016 as being appropriate in a speech overnight from Munich, reiterating his warning that the Fed shouldn't hike until there's greater confidence that inflation will be it its 2% target 1-2 years out. Meanwhile, "inflation is too low, and I expect it will be so for some time," he said. It would take substantially stronger wage growth to convince him otherwise, which he does not anticipate. Also if core inflation moves substantially above 1.5% or the sustainable unemployment rate was at 5%. Though unabashedly dovish, this was in line with his past statements.
08:30 EDTU.S. equities are marginally firmer
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08:30 EDTCanada Wholesale Trade Preview
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08:10 EDT5 things to watch in the FOMC minutes
5 things to watch in the FOMC minutes have been detailed by WSJ's Da Costa (subscription), who sees 1) rate increase timing, 2) recalibrating the growth outlook, 3) new doubts on jobs?, 4) inflation stabilizes, and 5) sympathy for 2016 holdouts? as the major themes to look for in the minutes. Recall, the April meeting had focused on the "transitory" nature of the economic slowdown and retired calendar-based guidance.
08:05 EDTEnergy Action: NYMEX crude recovered to $58.86 highs
Energy Action: NYMEX crude recovered to $58.86 highs in London trade, after touching $57.91 lows in N.Y. on Tuesday. The modest rally came on the heels of a larger than expected weekly inventory draw, as reported by API after the close on Tuesday. Later, stronger Japan GDP data helped support. The market will now focus on weekly EIA inventory numbers, due at 10:30 EDT. Elsewhere, RBOB gasoline futures recovered to $2.02/gallon, after sliding more than 5 cents, toward $1.99 yesterday, as natural gas futures steadied under $3.00/M BTU, after posting four-month highs on Tuesday.
07:40 EDTSEC to hold an open commission meeting
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07:40 EDTU.S. MBA mortgage market index fell 1.5%
U.S. MBA mortgage market index fell 1.5% in data released earlier, along with a 3.7% drop in the purchase index and a 0.3% rise in the refinancing index for the week ended May 15. By mid-May mortgage rates had risen to the highest level since December with the Bund tantrum, which drew a parallel move with Treasuries and pulled mortgage rates higher as well. The average 30-year fixed rate rose another 4 basis points to 4.04%, having cleared the 4.0% barrier the week prior. As the MBA noted, "Mortgage rates increased last week, and Treasury rates increased to a recent high at mid-week before falling at the end of the week. Overall purchase activity fell for the week, along with conventional refinance volume, but government refinance volume increased." This data is a little more sober than the 20% boom in housing starts recorded yesterday, but still illustrates the challenging dynamic the Fed faces between managing rate tightening expectations and reining in the economy. New home sales and existing home sales have been on a more gradual upslope this year too.
07:39 EDTB. Riley to hold a conference
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07:31 EDTCitigroup to hold a conference
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07:30 EDTFinancial Research Associates to hold a conference
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07:30 EDTDeutsche Bank to hold a forum
LatAm Concessions Forum is being held in New York on May 20-21.
07:30 EDTTreasury Market Outlook: Treasury yields are slightly lower
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07:11 EDTBofA/Merrill to hold a conference
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07:08 EDTNational Association of Publicly Traded Partnerships to hold a conference
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06:59 EDTFutures quiet as investors await Fed minutes
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06:04 EDTOn The Fly: Morning Wrap-Up for May 20
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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 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>

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