The Daily

January 6th, 2016 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was reported at -$2B, a better than expected result. The Markit PMI Composite for the US was 54 in December, while the Markit Services PMI was 54.3 and the ISM non-manufacturing PMI was 55.3. MBA Mortgage Applications in the US were [...]

January 5th, 2016 Daily Market Commentary   ECONOMIC NEWS The Raw Material Price Index in Canada was reportedly down 4% in November. This was below estimates. The Industrial Product Price Index in Canada was down 0.2% in month-over-month terms, below expectations. The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was [...]

December 15th, 2015 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were reportedly down 1.1% in month-over-month terms. The US Consumer Price Index was flat in month-over-month terms in November. The Redbook Index, which measures same-store sales growth of US General Merchandising companies, was down 0.8% and up 1.5% in month-over-month and year-over-year [...]

December 9th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were up 1.2%. The Producer Price Index in China was down 5.9% in year over year terms. Machine Tool orders in Japan were down 17.9% in year-over-year terms. Commodities: Oil halted its decline near the lowest price in more than six [...]

December 7th, 2015 Daily Market Commentary   ECONOMIC NEWS A Sentix Investor Confidence survey resulted in a score of 15.7, below estimates of 17. Commodities: Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC effectively abandoned its long-time strategy of limiting production to control prices. Gold [...]

December 4th, 2015 Daily Market Commentary   ECONOMIC NEWS The Purchasing Manager’s Index in Canada was reported at 57.9 for November. The unemployment rate in the US was quoted at 5%, in line with estimates. The US participation rate was 62.5%. Nonfarm payrolls in the US were 211K, above estimates of 200K. Average weekly hours [...]

December 1st, 2015 Daily Market Commentary   ECONOMIC NEWS GDP in Canada was down 0.5% in month-over-month terms, and came in at an annualized rate of 2.3% in quarter-over-quarter terms, slightly below estimates of 2.4%. The Redbook index, which measures same-store sales growth of US general merchandising companies, was up 1.6% and 3.9% in month-over-month [...]

November 30th, 2015 Daily Market Commentary   ECONOMIC NEWS The Current Account in Canada in Q3 was reported at -$16.21B. The Consumer Price index in Germany was up 0.1% and 0.4% in month-over-month and year-over-year terms, respectively. GDP in Portugal was flat and up 1.4% in quarter-over quarter and year-over-year terms, respectively. Commodities: Oil headed [...]

November 13th, 2015 Daily Market Commentary   ECONOMIC NEWS Housing starts in the US were up 1.06M in month-over-month terms, slightly below estimates. MBA Mortgage Applications in the US were up 6.2% as of November 13th. Construction output in the Eurozone was down 0.4% and up 1.8% in month-over-month and year-over-year terms, respectively. Commodities: Oil [...]

November 13th, 2015 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the US were up 0.1% and up 0.2% in month-over-month terms, both including and excluding autos, respectively. Both figures were below estimates. The Producer Price Index in the US was down 0.4% and down 1.6% in month-over-month and year-over-year terms, respectively. Both were [...]