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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 17, 2014
14:16 EDTFed lowers 2014 inflation outlook to 1.2%-1.3% from 1.5%-1.7%
14:16 EDTDeutsche Bank Russian strategist/economist analyst/industry conference call
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14:16 EDTFed lowers 2014 unemployment outlook to 5.8% from 5.9%-6%
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14:15 EDTFOMC said it can be "patient in beginning to normalize" its policy stance
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14:15 EDTFed raises 2014 GDP growth outlook to 2.3%-2.4% from 2%-2.2%
14:15 EDTTreasury Action: yields knee-jerked lower initially
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14:05 EDTWeek of 12/27 Jobless Claims to be released at 08:30
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14:05 EDTWeek of 12/26 MBA Purchase Applications to be released at 07:00
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14:03 EDTFed says 'can be patient' in beginning to normalize rates
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14:01 EDTFed says can 'be patient' in approach to raising rates
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14:00 EDTFederal Reserve keeps 'considerable time' phrase in statement
14:00 EDTFOMC preview: it's T-minus 10 and counting
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13:50 EDTTreasury Action: Treasuries continue to drift lower into the FOMC
Treasury Action: Treasuries continue to drift lower into the FOMC announcement, taking the path of least resistance. Even though the markets have been setting up for the likely removal of "considerable time" as the Fed inches toward rate hikes, curve flatteners dominate. The 5s-30s spread narrowed over 2 bps to a fresh year-to-date low at 115 bps. Assuming "considerable time" is replaced with language suggesting the FOMC will take a patient approach to rate hikes, and Yellen shows no urgency in normalization, bonds can recover with the curve steepening out slightly for the near term.
13:30 EDTFX Action: USD-JPY traded a few points over
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12:40 EDTU.S. Cleveland Fed's CPI edged up 0.1% in November
U.S. Cleveland Fed's CPI edged up 0.1% in November, in contrast to the BLS's -0.3% print. The 16% trimmed mean rose 0.1% too, but in line with the BLS measure. The annual rate on the Median CPI was unchanged at 2.3% y/y, with the 16% trimmed mean at 1.8% y/y versus 1.9% y/y previously, versus the slowing in the BLS headline to a 1.3% y/y clip from 1.7% y/y and the core to 1.7% from 1.8%. So pretty much no matter what method is used to look at inflation, price pressures are steady or are moving lower.
12:30 EDTU.S. equities jerked back to highs
U.S. equities jerked back to highs ahead of the FOMC decision, closely tracking the $3 recovery in NYMEX crude back above $58 bbl as Russia also appeared to get its financial house in order and engineer a sharp rebound in the ruble. That has slashed losses on European stocks, with the Euro Stoxx 50 back in the green, while Russia's RTS is 14.4% higher. Blue Chips are leading the surge, up some 1.25%, followed by the NASDAQ comp for a change with a 1.0% gain. Within the Dow it is no coincidence that Chevron +4.6% and Exxon +3.4% are among the top gainers. The historic thaw of relations between Cuba and the U.S., along with prisoner exchanges and travel policies no doubt helped fuel some optimism on the margin as well. The expected FOMC decision to replace "considerable time" with "patience" is also seen as pretty palatable and more a function of improving fundamentals than a levy on the markets, especially after tame CPI. Note, the VIX equity volatility index is 7.7% lower near 21.75, down from highs of 24.61. The dollar has bounced and Treasury yields are back near session highs.
12:20 EDTFX Action: USD-CAD has traded into 1.1610
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11:55 EDTU.S. swap spread narrowing has kicked in
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11:35 EDTFOMC Forecast revisions
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11:10 EDTFX Action: USD-CAD rallied to highs
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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 | 30 | 31 | 32 | all recent NOSYMBOL news | >>

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