The Daily

July 25th, 2016 Daily Market Commentary   ECONOMIC NEWS An IFO survey of the Business Climate in Germany was reported at 108.3, above estimates. A survey of expectations in Germany was placed at 102.2, above estimates. Commodities: Oil traded near the lowest close in more than two months as U.S. producers increased drilling for a fourth [...]

July 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was up 0.2% and 1.5% in month-over-month and year-over-year terms, respectively. Retail Sales in Canada were up 0.2% in month-over-month terms.   Commodities: Oil headed for a weekly decline as the U.S. is set to end the summer-driving season with ample [...]

July 21st, 2016 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were reportedly down 1.3%. Average earnings excluding bonuses were up 2.3% in quarter-over-quarter terms in the UK.   Commodities: Oil traded near a two-month low in New York as total U.S. oil inventories climbed to a record, signaling the surplus will [...]

July 20th, 2016 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were reportedly down 1.3%. Average earnings excluding bonuses were up 2.3% in quarter-over-quarter terms in the UK.   Commodities: Oil held near $45 a barrel as U.S. industry data showed a drop in crude stockpiles, paring a surplus in the world’s [...]

July 19th, 2016 Daily Market Commentary   ECONOMIC NEWS Building permits in the US were listed at 1.153M in month-over-month terms, above estimates. US Housing starts were also listed at 1.189M, above estimates. The Redbook Index, which measures same-store sales of US general merchandising stores, was reportedly down 0.5% and up 0.4% in month-over-month and [...]

July 18th, 2016 Daily Market Commentary   ECONOMIC NEWS Foreign investments in Canadian securities were reported at $14.73B in May, below estimates.   Commodities: Brent crude traded little changed following a failed coup in Turkey as shipments continued through the vital conduit for oil from Russia and Iraq to the Mediterranean Sea. Gold declined with other precious metals [...]

July 14th, 2016 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index in Canada was up 0.7% and 2.7% in month-over-month and year-over-year terms, respectively. The Producer Price Index in the US was up 0.5% and 0.3% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the US were 254K, below estimates. [...]

July 13th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada elected to hold their key interest rate steady at 0.5%, as expected. MBA Mortgage Applications in the US were up 7.2% in July.   Commodities: Oil fell after the biggest gain in three months as U.S. industry data showed the nation’s crude stockpiles [...]

July 12th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising stores, was down 0.3% and up 0.8% in month-over-month and year-over-year terms, respectively.   Commodities: Oil rebounded from a two-month low as a weaker dollar boosted the appeal of commodities while further disruptions worsened supply [...]

July 11th, 2016 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were up 218K in year-over-year terms, above estimates.   Commodities: Oil dropped to a two-month low after U.S. producers deployed the most rigs since April, signaling that output losses that trimmed a global glut may slow. Gold fell from its highest level in more [...]