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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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November 17, 2014
10:35 EDTToday's U.S. reports
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10:25 EDTFX Action: USD-CAD touched 1.1328
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10:20 EDTTreasury Action: yields snapped back to highs
Treasury Action: yields snapped back to highs with those of Bunds following ECB Draghi's remarks that time is need to assess stimulus, though he also continued to hold open the prospect of further action if needed. The moves coincided with a slump in the euro to session lows near 1.2450. The T-note yield cleared 2.33% as the Bund yield topped 0.80% again and coincided with some earlier demand for volatility and a small rebound in stocks from lows with USD-JPY. Yet the 2.38-2.41% zone remains an impediment for an upside break this month. The 2s-10s spread has steepened back to +182 bp from +179 bp earlier.
10:00 EDTThe 0.1% October U.S. industrial production drop
The 0.1% October U.S. industrial production drop undershot estimates, following modest revisions, with weakness due to unexpected drops of 0.9% for mining and 0.7% for utilities, alongside the expected 0.2% manufacturing rise despite a big vehicle assembly rate drop to an 11.1 M rate. The October drop was capped by a 0.6% business equipment rise. Industrial production is poised for an estimated 4% utility-boosted growth rate in Q4, thanks to an expected November lift from cold weather, after rates of 3.3% (was 3.2%) in Q3 and 5.7% (was 5.5%) in Q2. Analysts have a fairly stable 2014 aggregate output climb despite big gyrations in utility and vehicle output. More generally, analysts've seen 1%-9% quarterly rates since the start of the expansion. Analysts've seen a factory outperformance of GDP through this expansion, and particularly in recent quarters. Analysts expect industrial production growth of 4.0% in 2014 after slower growth of 2.9% in 2013 and 3.8% in 2012. Analysts expect a restrained 2.2% growth rate for GDP in 2014 that nearly matches prior rates of 2.2% in 2013 and 2.3% in 2012.
09:47 EDTMarket tone sluggish at open, averages dip in early trade
Stock futures traded below fair value throughout the pre-market trading session, leading to a lower open for the broader market. The weakness was attributed to data out of Japan which suggested the country has slipped into a recession. Manufacturing data in the NY region and industrial production across the U.S. during October both came in weaker than expected, giving little help to a market that is looking for a catalyst to help it move up from the Dow and S&P's near-record levels. In early trading, the Dow is down 21 points, the Nasdaq is down 1 point and the S&P is down 1 point.
09:35 EDTFX Action: The dollar eased a touch against the yen
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09:30 EDTTreasury Action: yields stalled out
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09:25 EDTU.S. industrial production fell 0.1% in October, with capacity at 78.9%
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09:19 EDT New York Federal Reserve Bank President William Dudley Speech to be released at 10:00
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09:16 EDTJPMorgan U.S. fixed income analysts hold an anlayst/industry conference call
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09:15 EDTTreasury Option Action: some demand for volatility
Treasury Option Action: some demand for volatility to start the week came in the form of a purchase of 5k in December 126/127 strangles on 10-year futures, according to sources. December 10s are flat near 126-22 compared to a 127-00 to 126-195 range on Globex.
09:10 EDTU.S. industrial production preview:
U.S. industrial production preview: industrial production is expected to increase 0.5% in September, after falling 0.1% in July. Forecast risk is upward, as firm employment data could lift the headline. Capacity utilization should tick up to 79.0% from 78.8% in August, which is above the all-time low of 67.3% in June '09 but below the last cyclical peak of 81.3% in December of '07. preview.
09:05 EDTMore Fedspeak is due from Chicago Fed dove Evans
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09:00 EDTFed's Powell said the "time to raise rates is coming, but it's not here yet,"
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08:55 EDTU.S. equities are underwater
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08:50 EDTTreasury Action: yields remained stuck near lows
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08:50 EDTEmpire State sentiment bounced as expected
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08:50 EDTFX Action: Little FX reaction to the Empire State outcome
FX Action: Little FX reaction to the Empire State outcome, which bounced nearly in-line with market expectations. EUR-USD continues to trade either side of 1.2500 in narrow ranges, while USD-JPY remains over 116.00, after falling to 115.46 lows after the negative Japan GDP print overnight. Equity futures remain underwater into the Wall Street open, while yields remain near session lows.
08:45 EDTBofA/Merrill LatAm oil and gas analyst holds analyst/industry conference call
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08:40 EDTU.S. Empire State manufacturing index rose 4 points to 10.2 in November
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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 | 28 | 29 | all recent NOSYMBOL news | >>

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