The Daily

September 8th, 2016 Daily Market Commentary   ECONOMIC NEWS The new housing price index in Canada was reportedly up 0.4% and 2.8% in month-over-month and year-over-year terms, respectively. Building permits in Canada were up 0.8% in month-over-month terms, far below estimates. Initial jobless claims in the US were reported at 259K, below estimates. Commodities: Oil advanced [...]

September 7th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada maintained their key interest rate at 0.5%. Commodities: Brent crude rebounded as Iran’s president said he supports efforts to stabilize oil prices after Saudi Arabia and Russia agreed this week to try to revive the market. Gold held its biggest daily increase since June [...]

September 6th, 2016 Daily Market Commentary   ECONOMIC NEWS The ISM Non-Manufacturing PMI was quoted at 51.4, below estimates of 55. Commodities: Gold held a three-day advance as prospects for a U.S. interest-rate increase this month receded and holdings in bullion-backed funds rebounded. Brent oil dropped after a pledge by Russia and Saudi Arabia to cooperate to [...]

September 2nd, 2016 Daily Market Commentary   ECONOMIC NEWS Labor Productivity in Canada was reportedly down 0.3% in quarter-over-quarter terms. The Unemployment Rate in the US was quoted at 4.9%, slightly above estimates. Average hourly earnings were reportedly up 2.4% in year-over-year terms. The Baker Hughes US Oil Rig Count was quoted at 407, up [...]

September 1st, 2016 Daily Market Commentary   ECONOMIC NEWS Initial Jobless claims in the US were quoted at 263K, slightly below estimates. The Markit Manufacturing PMI was quoted at 52, slightly below analyst estimates. The ISM Manufacturing PMI was quoted at 49.4, also below estimates. Commodities: Oil traded near the lowest close in almost three weeks [...]

August 31st, 2016 Daily Market Commentary   ECONOMIC NEWS Canada’s GDP was up 0.6% in month-over-month terms in June, slightly more than expected. Quarter-over-quarter annualized GDP in Canada was down 1.6%, slightly less than expected. Pending Home Sales in the US were up 1.3% and 1.4% in month-over-month and year-over-year terms, respectively. Portuguese GDP was [...]

August 30th, 2016 Daily Market Commentary   ECONOMIC NEWS Consumer Confidence in the US was reported at 101.1, above estimates. The S&P Case Shiller Indices were up 5.1% in year-over-year terms, slightly below estimates. The Redbook Index, which measures same-store sales growth of US general merchandisers, were down 0.3% and up 0.6% in month over [...]

August 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS New Home Sales in the US were up 654K in month-over-month terms, above estimates. The Markit Manufacturing PMI in the US was reported at 52.1, slightly below estimates. The Redbook Index, which measures same-store sales of US General Merchandising companies, was reportedly down 0.4% and up [...]

August 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS Wholesale sales in Canada were up 0.7% in month-over-month terms, above estimates. The Chicago Fed National Activity Index was quoted at 0.27. Commodities: Oil fell after the longest run of gains in four years as Iraq sought to increase exports amid a global oversupply and Nigerian militants [...]

August 18th, 2016 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the US were quoted at 262K, lower than estimates. Continuing Jobless claims in the US were quoted at 2.175M, slightly higher than estimates. Commodities: Oil held its advance after the longest run of gains in more than a year as U.S. crude and [...]