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Stock Market & Financial Investment News

News Breaks
April 4, 2014
05:44 EDTApril front month equity options expire, April 17, 2014
News For NOSYMBOL From The Last 14 Days
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June 19, 2015
09:38 EDTMarket opens quietly as Greece inches closer to possible default
Stock futures drifted lower during the pre-market trading session, leading to a relatively quiet and mixed open for the broader market. Today marks “quadruple witching,” which is the quarterly event when market index futures, market index options, stock options, and stock futures expire and can results in increased volatility as traders roll out positions. With little of note on the domestic economic calendar, Greek headlines may be the most likely catalysts for market moves ahead of the emergency meeting on the situation planned for Monday. In early trading, the Dow is down 21 points, the Nasdaq is down 1 point and the S&P is down 3 points.
09:25 EDTDeutsche Bank food retail analyst holds an analyst/industry conference call
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09:25 EDTTreasury Action: yields dipped with Bunds on ECB ELA reports
Treasury Action: yields dipped with Bunds on ECB ELA reports which implied that the ECB has indeed topped up Greek bank funding by 3.3-3.7 B euros, depending on the source cited (not officially confirmed yet), though earlier reports suggested that the ECB might hold off until the emergency meeting on Monday. The ECB is more likely to err on the side of caution to avoid a run over the weekend, however, with 1-2 B euros being withdrawn from the Greek banking system per day. In any case, the Bund yield veered toward session lows of 0.75-0.76% amid the confusion before bouncing, while the T-note followed suit to session lows under 2.28%. The Bund/T-note spread is trading near -152 bp.
09:10 EDTEuro$ interest rate futures are back on track
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09:07 EDTBofA/Merrill European strategists hold an analyst/industry conference call
Chief European Economist Moec, along with European Rates Strategist Salim and European Equity Strategist Barty, discuss what the consequences would be should Greece not pay the IMF (International Monetary Fund), possibly prolonged by a missed payment on July 20 to the ECB (European Central Bank) on an Analyst/Industry conference call to be held on June 19 at 10:15 am.
08:55 EDTFX Action: USD-CAD zigged and zagged
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08:35 EDTEnergy Action: August NYMEX crude is under $60/bbl
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08:15 EDTCanadian Retail Sales Preview
Canadian Retail Sales Preview: Retail sales (8:30 ET) are expected to rise 0.5% in April (median +0.6%), building on the price driven 0.7% gain in March and 1.5% rebound in February. The ex-autos sales aggregate is projected to rise 0.3% (median +0.4%) after +0.5% in March. A stall out in gasoline prices restrains the upside for total and ex-autos sales. Nonetheless, the data can remain consistent with the BoC's expectation for growth to recover following the Q1 contraction in GDP.
08:10 EDTFedspeak resumes after the FOMC blackout period
Fedspeak resumes after the FOMC blackout period with SF Fed dovish voter Williams delivering a policy speech before a NBER seminar from 11:40 ET. Note, Williams has generally been more optimistic on growth and near-term rate lift-off of late. Cleveland Fed non-voting hawk Mester will discuss "Community development and the Federal Reserve" from 12:45 ET. She's generally been more concerned about inflation risks and getting behind the curve.
08:05 EDTCanadian CPI Preview
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08:00 EDTECB agrees to raise ELA cap for Greek banks, Reuters reports
Reuters cites a banking source on the report of the ECB agreeing to raised the cap on Emergency Liquidity Assistance to Greece.
07:50 EDTTreasury Market Outlook: bonds are higher around the world
Treasury Market Outlook: bonds are higher around the world amid ongoing Greek concerns and a tame view on the Fed. Core yields are falling over 3 bps to leave the Bund at 0.76% and the 10-year Treasury at 2.30%. The periphery is outperforming, however, on hopes of a 12th hour deal after an emergency summit was called for Monday, though reportedly to address EU concerns over capital flight. The ECB is holding an emergency conference call today. Meanwhile, global stocks are also in rally mode (excluding China), in part on hope for some deal. In other news, the BoJ maintained its uber-easy policy stance, but altered some of its meeting dynamics as Kurodo pledged more transparency. Fedspeak will be key today given the focus on the FOMC, and because there isn't anything else on the calendar. Fed dove Williams will be speaking on monetary policy at 11:40 ET. He will be followed by Mester who addresses a monertary policy summit at 12:45 ET.
07:50 EDTU.S. equities are in a bullish mood
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07:50 EDTN.Y. FX Outlook
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07:30 EDTFX Update: The dollar continued to trade firmer
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07:15 EDTFederal Reserve Banks of Cleveland, Philadelphia & Richmond hold summit
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07:10 EDTFutures suggest another higher open
Stock futures are above fair value in the early going, signaling another positive open for the broader market. The market’s most recent rally has pushed the Nasdaq to new highs and made the market positive for the month of June. The domestic economic calendar will be quiet today, but there are sure to be many headlines about the Greek debt situation.
06:25 EDTOn The Fly: Morning Wrap-Up for June 19
Globex S&P futures are recently up 2.25 from previous day’s SPX cash close. Nikkei 225 up 0.92%, DAX up 1.05%. WTI Crude oil is recently at $59.79, natural gas down 2.62%, gold at $1200 an ounce, copper down 3.2%.
05:53 EDTJune front month equity options last day to trade is today, June 19, 2015
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04:10 EDTJapanese policymakers seem to be talking down the yen
Japanese policymakers seem to be talking down the yen. PM Abe talked about the importance of maintaining expansionary 'Abenomics' policies, and this was complemented by BoJ Governor Kuroda saying that a weaker yen wouldn't be a "big negative" for the economy, although he added that monetary policy is not being aimed at influencing FX rates. Kuroda also said that MoF intervention in currency markets remained a possibility if things got disorderly. Kuroda is perhaps being mindful of trading partners in downplaying his soft currency remark, but actions speak louder than words. A Reuters survey of market analysts this week found a unanimous expectation for the BoJ to ease policy further in Q4 this year.
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