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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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| May 17, 2013 |
| 13:05 EDT |  | | U.S. equities have stalled out below highs
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| 12:31 EDT |  | | Fitch downgrades Slovenia to 'BBB+' from 'A-', outlook negative
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| 12:25 EDT |  | | WSJ Fedwatcher Hilsenrath Previewed Bernanke's JEC testimony WSJ Fedwatcher Hilsenrath Previewed Bernanke's JEC testimony in a video journal on the "Real Time Economics" blog, summarized as follows: amid the QE taper debate the Fed would clearly like for the economy to be sufficiently strong to head for the exit, but inflation has been declining and the jobs outlook improving somewhat, which suggests that the Fed is "not there yet." The debate could focus on risk of a stock market bubble, but Bernanke has downplayed that in recent speeches. Housing gains have been important, but that's one of the Fed's primary goals to help restore household balance sheets and improve confidence and spending. As to Ben's successor, Hilsenrath leans toward Yellen and away from Geithner and Summers, who have closer ties to the Obama Administration at an awkward time during recent IRS scandals and the like. |
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| 12:21 EDT |  | | Energy Department authorizes LNG export facility
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| 11:10 EDT |  | | Another Gross Tweet from PIMCO:
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| 11:10 EDT |  | | NY Fed bought $5.469 B in notes
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| 11:00 EDT |  | | U.S. factory goods benchmarked data showed mixed revisions
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| 10:55 EDT |  | | Today's U.S. reports Today's U.S. reports revealed a big upside May surprise for Michigan sentiment that included an outsized-pop in the present conditions index, alongside a 0.6% April leading indicators rise that beat assumptions, but that followed downward back-revisions that left the April index at the expected level. Analysts would partly attribute the big sentiment surge to volatility in the preliminary survey, and analysts assume some mean-reversion in the final May survey that trims the hefty May gain in the present conditions measure. Overall, today's upside headline surprises take some of the edge off yesterday's disappointing Philly Fed, initial claims and housing starts headlines. |
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| 10:54 EDT |  | | Guggenheim's Washington Research Group's political analyst holds conference call
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| 10:25 EDT |  | | Michigan sentiment surged to a new cycle-high 83.7
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| 10:25 EDT |  | | NY Fed outright purchase: the Fed is buying $4.75 B to $5.75 B in notes
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| 10:20 EDT |  | | FX Action: The dollar got another boost FX Action: The dollar got another boost from the much better Michigan sentiment and leading indicators outcomes, taking USD-JPY to new trend highs over 103.10 before retreating. EUR-USD meanwhile, dipped under 1.2800 briefly, before popping back to 1.2820. Cable made session lows under 1.5175, while USD-CAD inched slightly lower on the better U.S. data. Wall Street is on session highs, as yields moved up a touch. |
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| 10:12 EDT |  | | Leading Indicators data reported
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| 10:10 EDT |  | | Treasury Action: yields backed up into the U. Mich. report
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| 10:10 EDT |  | | U.S. index of leading indicators rose 0.6% in April to 95.0
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| 10:05 EDT |  | | U.S. May consumer sentiment index surged to 83.7 for the preliminary University of Michigan survey
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| 10:03 EDT |  | | Market opens higher ahead of options expiration Stocks were strong at the open as traders rolled out positions ahead of the expiration of options. The volume was relatively heavy at the open, which is typical for a Friday on which options will expire. The averages have already pared back some of their gains but may get a lift from the better than expected University of Michigan Consumer Confidence reading. The reading of 83.7 was above the expected 77.9. The Leading Economic Indicators for April increased 0.6% versus the expected increase of 0.2%. |
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| 10:00 EDT |  | | U.S. leading economic indicators preview: U.S. leading economic indicators preview: The April index of leading economic indicators (LEI) is expected to rise 0.3% (median 0.1%). Analysts expect a mix of component data, with gains led by the yield curve alongside declines from the factory workweek and ISM new orders. preview for more. |
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| 09:56 EDT |  | | Consumer Sentiment Index data reported
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| 09:55 EDT |  | | U.S. Michigan Consumer Sentiment Preview U.S. Michigan Consumer Sentiment Preview: Michigan Sentiment is expected to show a slight increase to 76.5 (median 78.5) from 76.4 in April. Already released measures of consumer confidence for the month have been weaker with the IBD/TIPP Poll falling to 45.1 from 46.2 and the RBC-CASH Index ticking down to 50.2 from 50.3. |
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