The Daily

June 6th, 2016 Daily Market Commentary   ECONOMIC NEWS: Investor confidence in the EU was reported at 9.9, above estimates. Factory orders in Germany were down 2% in month-over-month estimates, worse than estimates. Commodities: Oil advanced as Abu Dhabi forecast prices could climb as high as $60 a barrel amid a glut that’s dwindling more quickly than projected. Gold held [...]

May 31st, 2016 Daily Market Commentary   ECONOMIC NEWS: GDP fell 0.2% in Month-over-month terms in Canada, slightly below estimates. Quarter-over-quarter annualized GDP in Canada was up 2.4%, below estimates of 2.9%. Personal Spending in the US was up 1% in April, above estimates. Personal Income was up 1% in month-over-month terms. Commodities: Oil is set [...]

May 30th, 2016 Daily Market Commentary   ECONOMIC NEWS: The industrial product price index in Canada was down 0.5% in month-over-month terms, below estimates. The Raw Material Index in Canada was up 0.7% in month-over-month terms, also below estimates. The Consumer Price Index in Germany was up 0.3% and 0.1% in month-over-month and year-over-year terms, [...]

May 27th, 2016 Daily Market Commentary   ECONOMIC NEWS: Annualized GDP in Q1 in the US was reported at 0.8%, slightly below estimates of 0.9%. Commodities: Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Gold looks very different from the beginning of May. Along with platinum, palladium and [...]

May 25th, 2016 Daily Market Commentary   ECONOMIC NEWS: The trade balance of goods in the US was reported at -$58B for April in the US. Mortgage applications in the US were up 2.3% in April. Commodities: Oil extended its advance to near $50 a barrel as weekly U.S. industry data showed crude stockpiles declined, easing [...]

May 21st, 2016 Daily Market Commentary   ECONOMIC NEWS: New Home Sales in the US were up 619K in month-over-month terms, above estimates. The Redbook Index, which measures same-store sales growth of US General Merchandising companies, was reportedly up 0.4% and 2.1% in month-over-month and year-over-year terms, respectively. Commodities: Gold fell for a fifth day, the [...]

May 20th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Consumer Price Index in Canada was up 0.3% and 1.7% in month-over-month and year-over-year terms, respectively. Both were in line with estimates. Retail sales excluding Autos were down 1% in month-over-month terms in Canada, below estimates. Commodities: Oil headed for a second weekly advance as U.S. [...]

May 18th, 2016 Daily Market Commentary   ECONOMIC NEWS: Foreign portfolio investment in Canadian securities in March was $17.2B, above estimates of $10B. MBA Mortgage Applications in the US were down 1.6% in April. The Consumer Price Index in the Eurozone was flat and down 0.2% in month-over-month and year-over-year terms, respectively. Both were in [...]

May 16th, 2016 Daily Market Commentary   ECONOMIC NEWS: The New York Manufacturing index was reported at -9.02, below an expected figure of 6.50. The Rightmove House Price Index in the UK was up 0.4% and up 7.8% in month-over-month and year-over-year terms, respectively. Retail Sales in China were up 10.1% in year-over-year terms, slightly [...]

May 12th, 2016 Daily Market Commentary   ECONOMIC NEWS: New Housing Prices in Canada were up 0.2% and 2% in month-over-month and year-over-year terms, respectively. US Import Prices were up 0.3% and down 5.7% in month-over-month and year-over-year terms, respectively. Export Prices in the US were up 0.5% and down 5% in month-over-month and year-over-year [...]