The Daily

February 11th, 2016 Daily Market Commentary   ECONOMIC NEWS: Initial jobless claims in the US were reported at 269K, below estimates. Continuing Jobless claims in the U S were 2.239M, also bleow estimates. The unemployment rate in Greece was reported at 24.6%.   Commodities: Oil extended losses to trade near a 12-year low as crude stockpiles [...]

February 10th, 2016 Daily Market Commentary   ECONOMIC NEWS: The MBA Mortgage Applications in the US were up 9.3%. The Industrial Production in the UK was down 1.1% and 0.4% in month-over-month and year-over-year terms, respectively.   Commodities: Oil rose from the lowest settlement in almost three weeks amid signs that increases in U.S. crude inventories [...]

February 9th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was reportedly down 2.6% and up 0.6% in month-over-month and year-over-year terms, respectively. The NFIB survey of Business Optimism in the US was reported at 93.9, slightly below estimates. Industrial Production in Germany [...]

February 8th, 2016 Daily Market Commentary   ECONOMIC NEWS: Building Permits in Canada were up 11.3% in month-over-month terms, far above estimates. The Sentix Investor Confidence survey for the Eurozone was reported at 6, below estimates of 7.6. Commodities: Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize [...]

February 5th, 2016 Daily Market Commentary   ECONOMIC NEWS: Imports and Exports in Canada were reported at $45.94B and $45,35B, respectively. Both figures were better than expected. Non-farm Payroll figures in the US, which are used as a proxy for employment, were reported at 151K, below estimates of 191K. Average hourly earnings in the US [...]

February 3rd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Markit Services PMI in the US was 53.2, slightly below estimates. The ADP Employment Change in the US was 205K, above estimates. Retail Sales in Europe were up 0.3% and 1.4% in month-over-month and year-over-year terms, respectively. Commodities: Gold held its ground near a three-month high [...]

February 2nd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was down 1.5% and up 0.8% in month-over-month and year-over-year terms, respectively. The Unemployment Rate in the Eurozone was reported at 10.4%, slightly better than estimates. Commodities: Oil dropped for a second day before [...]

February 1st, 2016 Daily Market Commentary   ECONOMIC NEWS: Personal Spending in the US was flat in December in month-over-month terms. Slightly below estimates. Personal Income Growth in the US was up 0.3% in month-over-month terms, slightly above estimates. Commodities: Oil’s longest rally this year faltered on signs industrial activity in the world’s biggest energy consumer [...]

January 29th, 2016 Daily Market Commentary   ECONOMIC NEWS: Canadian GDP was up 0.3% in month-over-month terms, in line with estimates. Annualized GDP growth for Q4 in the US was reported at 0.7%, slightly below estimates of 0.8%. The Consumer Price Index in the Eurozone was reportedly up 0.4% in year-over-year terms, in line with [...]

January 27th, 2016 Daily Market Commentary   ECONOMIC NEWS: MBA Mortgage Applications in the US were up 8.8%. Consumer Confidence in Germany was reported at 9.4, slightly above estimates. Commodities: Oil resumed its decline near $30 a barrel after U.S. industry data showed crude stockpiles increased, exacerbating a global glut. Investors bought gold through funds for a seventh [...]