News Breaks |
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| February 21, 2013 |
| 10:14 EDT |  | | Yesterday's sell-off continues in early trading today
Stock futures were a bit lower throughout the pre-market trading session, during which several key economic reports were released. Once the market opened the sellers emerged and continuec yesterday’s post FOMC sell-off. There were several new economic releases after the bell. The Philadelphia Fed Manufacturing survey had a reading of -12.5, versus expectations for a +1.0 figure. Existing home sales for January increased 0.4%, versus an expected decline of 0.8%. The leading economic indicators rose 0.2%, in line with expectations. About 45 minutes into the session, the Dow is down 74 points, the Nasdaq is down 24 points and the S&P is down 10 points. |
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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 23, 2013 |
| 06:59 EDT |  | | Reid looking to limit filibusters, Politico says
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| 06:58 EDT |  | | CurrencyShares Japanese Yen Trust volatility flat as yen near 56-month low
CurrencyShares Japanese Yen Trust overall option implied volatility of 12 is near its 26-week average of 11 according to Track Data, suggesting non-directional price movement. |
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| 06:48 EDT | | | Spanish borrowing costs rise, Reuters reports
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| 06:44 EDT | | | Euro zone PMI rose this month, Reuters reports
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| 06:38 EDT | | | Asian stocks decline after Chinese data, Japanese market plunge, NY Times says
Stocks fell across Asia after a Chinese purchasing managers' index came in below 50 and the Japanese stock market suddenly plunged 7.3%, according to The New York Times. The sell-offs in Asian stocks exchanges were "broad-based," the newspaper added. Reference Link |
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| 06:05 EDT | | | Commodities were mostly lower in Europe
Commodities were mostly lower in Europe. China manufacturing PMI missed expectations by a wide margin overnight, which forced Nymex crude into $92.70 bbl, although it settled just ahead of $93 bbl as the dollar pulled back a bit after Wednesday's sharp rally. Copper prices lost 2% in line with weakness across other metal prices, though silver recovered to trade around flat around $22.48. It also gained positive momentum from gold, which benefited from its status as a safe haven asset, leaving it around 1.30% higher over $1386 ahead of the N.Y open. |
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| 06:00 EDT | | | June front month equity options expire, June 21, 2013
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| 05:59 EDT | | | CBOE Volatility Index VIX closed at 13.82, 10-day moving average is 12.95
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| 05:57 EDT | | | On The Fly: Morning Wrap-Up for May 23
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| 04:35 EDT | | | Japan Economy Minister blamed stock fall on China
Japan Economy Minister blamed stock fall on China. Amari, who has a track record for careless comments, suggested that today's Japanese market drop was due to weak China data. He said he is not worried about today's stock market moves but is carefully watching movements. He did not think today's move reflects a change in market sentiment towards economic policy, adding that the government will continue conduct 'down to earth' policies, which included a growth strategy and fiscal consolidation. He said the stock market had risen quicker than it anticipated, adding that equities and exchange rates are linked and such a big decline in stocks can lead to yen gains. |
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| 04:10 EDT | | | FX Action: USD-JPY steadied after sharp drop
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| 02:25 EDT | | | Japan stock markets collapsed
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| 01:15 EDT | | | Asian stocks slumped
Asian stocks slumped following the fallout from Bernanke's JEC testimony and the Q&A. His testimony was relatively benign and he maintained his dovish credentials, but in the Q&A, when pushed, he was forced to admit the potential for QE tapering "in the next few meetings", depending on data. It led to sharp price swings across all asset classes and was a negative lead for Asia at the open. Adding to the correction was a very poor HSBC flash China manufacturing PMI, which came in at 49.6 in May from 50.4 in April. The MSCI Asia Pacific Index ex Japan is just over 1.5% lower on writing, while the Nikkei plunged more than 2% as USD-JPY reversed from 103.60 to under 102.50. Both the ASX and Hang Seng were also around 1.6-1.7% lower by the Asian afternoon, but the SSEC was relatively stable, up 0.1%. |
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| May 22, 2013 |
| 21:46 EDT | | | Beige Book to be released at 14:00
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| 15:13 EDT | | | Iceland delays consideration of EU entry, WSJ reports
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| 15:10 EDT | | | Treasury Closing Summary:
Treasury Closing Summary: Quite a wild ride on on the bond market mule Weds, after Fed Chairman Bernanke's JEC testimony was benign, but his Q&A referenced a potential QE taper "in the next few meetings" if the data cooperated. Though that was not really new, it provided cover for a fresh sell-off in Treasuries which were crowded by another heavy dose of investment grade issuance as well. The FOMC minutes threw fuel on the fire with some participants looking for a taper starting as early as June, while others were still concerned about low inflation. Stocks initially rallied, then sold off with the jump in the T-note yield to Mar highs. Existing home sales rose moderately. |
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| 15:07 EDT | | | IMF likely to publish paper on sovereign bond restructuring shortly, FT says
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| 15:00 EDT | | | U.S. weekly jobless claims preview:
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| 14:44 EDT | | | Week of 5/31 EIA Petroleum Status Report to be released at 10:30
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| 14:39 EDT | | | CBOE Volatility Index VIX is recently up 97c to 14.34
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