The Daily

August 17th, 2016 Daily Market Commentary   ECONOMIC NEWS Mortgage applications in the US were down 4%in August. The Unemployment Rate in the Great Britain was quoted at 4.9%, in line with estimates. Commodities: U.S. stock-index futures were little changed as investors awaited minutes from the Federal Reserve’s last meeting for cues on the path of monetary [...]

August 16th, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in the US was up 0% and 0.8% in month-over-month and year-over-year terms, respectively. Housing starts in the US were up 1.211M in July, above estimates. Building Permits in the US were up 1.15M, below estimates. The Redbook Index, which measures same-store [...]

August 15th, 2016 Daily Market Commentary   ECONOMIC NEWS The NY Empire State Manufacturing Index was quoted at -4.2, below estimates. Industrial production in Japan was down 1.5% and up 2.3% in month-over-month and year-over-year terms, respectively. Commodities: Oil traded near the highest closing level in three weeks in New York amid speculation that crude producers [...]

August 10th, 2016 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were up 7.1%. EIA Crude Oil storage figures listed a 1.05M increase, opposed to an expected drawdown of over 4M barrels. The Q2 Unemployment Rate in Portugal was quoted at 10.8%. Commodities: Oil declined for a second day as weekly U.S. [...]

August 9th, 2016 Daily Market Commentary   ECONOMIC NEWS Housing starts in Canada were up 198K, slightly above estimates. The Redbook Index, which measures same-store sales growth in US General Merchandise companies, was down 0.2% and up 0.5% in month-over-month terms, respectively. Unit labour costs in the US in Q2 were up 2%, above estimates. [...]

August 8th, 2016 Daily Market Commentary   ECONOMIC NEWS Building Permits in Canada were down 5.5% in month-over-month terms. A Sentix survey of investor confidence in the EU was reported at 4.2, above estimates. Commodities: Oil gained after OPEC’s president said the group will hold informal talks in Algiers next month and predicted the current bear [...]

August 5th, 2016 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in the US ticked up to 4.9% from 4.8%, reportedly. The labour force participation rate also ticked up to 62.8% from 62.7%. US Average Hourly Earnings were up 0.3% and 2.6% in month-over-month and year-over-year terms, respectively. Nonfarm Payrolls in the US, a [...]

July 28th, 2016 Daily Market Commentary   ECONOMIC NEWS Initial jobless claims in the US were quoted at 266K, above estimates. Continuing Jobless claims in the US were quoted at 2.14M, also slightly above estimates. The Consumer Price Index in Germany was up 0.3% and 0.4% in month-over-month and year-over-year terms, respectively. Both were above [...]

July 27th, 2016 Daily Market Commentary   ECONOMIC NEWS Durable Goods orders in the US were down 4% in June, far below the estimated 1.1% drop. MBA Mortgage Applications in the US were down 11.2% in June. UK GDP in Q2 was up 0.6% in quarter-over-quarter terms, above estimates. UK GDP was up 2.2% in [...]

July 26th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of US General Merchandising stores, was down 0.5% and up 0.6% in month-over-month and year-over-year terms, respectively. The S&P/Case Shiller Home Price Indices were up 5.2% in year-over-year terms, slightly below estimates. Commodities: Oil fell to a three-month low [...]