New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 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 | all recent NOSYMBOL news | >>
April 28, 2015
08:20 EDTChina easing as Fed waits by the exit door:
China easing as Fed waits by the exit door: China is launching unconventional monetary easing programs just as the Fed readies for an exit from its own low interest rate policies, according to WSJ's Hilsenrath in his Grand Central blog. That backdrop shows how much the risks on the map have changed. The PBoC "will allow Chinese banks to swap local government bonds for loans as a way to bolster their liquidity and boost lending. The strategy -- dubbed Pledged Supplementary Lending -- is similar to the long-term refinancing operations, or LTROs, used by the European Central Bank. It points to a fault line created by the credit boom that helped drive Chinese growth in recent years -- local-government debt. Borrowing by towns across China jumped nearly 50% from June 2013 and accounts for a quarter of the buildup in China's overall domestic debt since 2008. Now China's commercial banks have become hesitant about buying new local bonds and the PBOC is stepping in to bridge a funding gap. This is evidence that China's economic slowdown is more serious than its official 7% growth objective implies. Moreover, the association with a credit buildup raises the risk of unforeseen financial shocks. World financial leaders believe Chinese officials have the know-how and resources to deal with such problems, but a credit bust can be a long and nasty thing. Is the rest of the world ready for the Fed to move on from its own credit bust?" he asks.
08:14 EDTBofA/Merrill media analysts hold an analyst/industry conference call
Subscribe for More Information
08:00 EDTU.S. chain store sales rose 0.8% in the week ended April 25
Subscribe for More Information
07:55 EDTN.Y. FX Outlook
N.Y. FX Outlook: The dollar continued on its path lower overnight, as expectations firm up for a dovish FOMC announcement on Wednesday. Given ongoing weaker incoming U.S. data, a June rate hike is now a close to zero proposition, with the timeline being shifted to Autumn, or even 2016. As a result, there has been no urgency to buy dollars so far this week. Analysts look for further USD erosion into tomorrow's announcement. On the calendar, February S&P/Case-Shiller home price index is due at 9:00 EDT, followed by April consumer confidence and the April Richmond Fed index, both at 10:00 EDT.
07:50 EDTTreasury Market Outlook: Treasuries are little changed
Treasury Market Outlook: Treasuries are little changed, though the long end is outperforming slightly amid curve flattening trades. The 10-year yield hovered close to 1.91%. Bonds are mostly higher in Europe too, but were generally lower in Asia. The start of the FOMC meeting today, with the announcement tomorrow, is limiting activity and is keeping the front end of the curve contained. The 2s-10s spread has come in several basis points to 137 bps, at the narrower end of the 119 bp to 152 bp range for the year. In overnight news, U.K. GDP disappointed, coming in at 0.3%, half the expectation and versus the 0.6% rate from Q4. Stocks are lower globally, still seeing some profit taking after record highs on Wall Street. The calendar is heavier today with earnings from Aetna, Aflac, CIT, GoPro, McGraw-Hill, T-Mobile, and Twitter. Data includes April consumer confidence, the February Case-Shiller home price index, the April Richmond Fed manufacturing survey, and weekly chain store sales. Also the Treasury auctions $35 B in 5-year notes. Looking just ahead, Advance Q1 GDP report will be posted Wednesday just ahead of the Fed's policy announcement.
07:49 EDTAtlanta Society of Finance & Investmen Professionals hold luncheon meeting
Subscribe for More Information
07:46 EDTSenate Banking, Housing & Urban Affairs to hold a committee
Subscribe for More Information
07:44 EDTFCC to hold a public workshop
Subscribe for More Information
07:43 EDTSenate Energy & Natural Resources Committee holds a hearing
Subscribe for More Information
07:42 EDTFDA to hold a meeting
Subscribe for More Information
07:41 EDTIndependent Community Bankers of America to hold a summit
ICBA Washington Policy Summit is being held in Washington, D.C. on April 28-30.
07:39 EDTJPMorgan to hold a conference
Subscribe for More Information
07:37 EDTUBS to hold a conference
Subscribe for More Information
07:34 EDTStandard & Poor's to hold a symposium
Subscribe for More Information
07:33 EDTStandard & Poor's to hold a seminar
Subscribe for More Information
07:29 EDTFutures suggest opening losses
Stock futures are suggesting a lower open, and the market appears ready to extend yesterday’s losses. Investors' focus has been on earnings and despite a stellar quarter from Apple (AAPL), the market seems reluctant to push higher. Investors will also be watching the day’s economic reports including the Case/Shiller home prices report and the beginning of the Fed’s two day FOMC meeting.
06:52 EDTTsipras optimistic but says referendum possible, Reuters reports
Greek Prime Minister Alexis Tsipras said he was confident that his government could soon reach a deal with the country's creditors, according to Reuters. However, he added that if the creditors demand terms his government deems unacceptable, he would ask the Greek people to vote on them in a referendum, the news service stated. Reference Link
06:16 EDTOn The Fly: Morning Wrap-Up for April 28
Subscribe for More Information
06:12 EDTMay front month equity options last day to trade is May 15, 2015
02:40 EDTFX Update: The euro continues to ebb and flow
Subscribe for More Information
<< 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 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use