The Daily

June 21st, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising companies, was reportedly down 0.9% and up 0.9% in month-over-month and year-over-year terms, respectively. A ZEW survey of economic sentiment was reported at 20.2, above estimates of 15.3.   Commodities: Oil halted gains near $49 [...]

June 20th, 2016 Daily Market Commentary   ECONOMIC NEWS Wholesale Sales in Canada were up 0.1% in month-over-month terms, below estimates. The Producer Price Index was up 0.4% and down 2.7% in month-over-month and year-over-year terms, respectively.   Commodities: Oil gained for a second day, extending its advance from a one-month low reached last week as [...]

June 16th, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in the US was reportedly up 1% in year-over-year terms, slightly below estimates. Initial Jobless claims in the US were quoted at 277K, above estimates. Foreign portfolio investment in Canadian securities was quoted at $15.50B   Commodities: Oil fell a sixth day, heading [...]

June 15th, 2016 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were up 1% in month-over-month terms, above estimates. The Producer Price Index in the US was up 0.4% and down 0.1% in month-over-month and year-over-year terms, respectively. The NY Empire State Manufacturing Index was reported at 6, above estimates.   Commodities: Oil fell [...]

June 14th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the US were up 0.5% in month-over-month terms, above estimates. The Redbook Index, which measures same-store sales of US General Merchandising companies, was down 1% and up 0.7% in month-over-month and year-over-year terms, respectively.   Commodities: Oil declined to the lowest intraday level in [...]

June 13th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in China were up 10% in year-over-year terms, slightly below estimates. Industrial Production in China was up 6% year-over-year, slightly above estimates.   Commodities Crude slid to its lowest in a week in New York after U.S. oil explorers deployed more drilling rigs, signaling that [...]

June 10th, 2016 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in Canada was reported at 6.9%, below estimates of 7.1%. The Canadian Participation rate was 65.7%, slightly below estimates of 65.8%. The Net Change in Employment in Canada for May was 13.8K jobs, above estimates of 3.8K.   Commodities Oil trimmed its weekly advance [...]

June 9th, 2016 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index was up 0.3% and 2.1% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the US were 264K, below estimates.   Commodities Oil traded near the highest closing level in more than 10 months amid declining U.S. crude stockpiles and disruptions [...]

June 8th, 2016 Daily Market Commentary   ECONOMIC NEWS Canadian Housing Starts were up 188K, below estimates. Building Permits in Canada were down 0.3% in month-over-month terms. MBA Mortgage Applications in the US were up 9.3% in June. Industrial Production in the US was up 2% and 1.6% in month-over-month and year-over-year terms, respectively.   [...]

June 7th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth of US general merchandising companies, was down 1% and up 0.6% in month-over-month and year-over-year terms, respectively. Eurozone GDP was reportedly up 0.6% and 1.7% in quarter-over-quarter and year-over-year terms, respectively.   Commodities Oil traded near the highest close [...]