The Daily

November 11th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were down 1.3%. Average earnings excluding bonuses in the UK were up 2.5% over the quarter, slightly below estimates. Commodities: Oil fell to its lowest in two weeks in New York as U.S. industry data showed crude stockpiles expanded in [...]

November 10th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising stores, was reportedly up 0.8% and 1.1% in month-over-month and year-over-year terms, respectively. The Import and export indices in the US were down 10.5% and 6.7% in year-over-year terms, respectively. The NFIB Business Optimism [...]

November 9th, 2015 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were up 198.1K, below estimates. A Sentix survey of investor confidence in the Eurozone was reported at 15.1, above estimates. Commodities: Oil halted a three-day decline to trade near $45 a barrel in New York as Saudi Arabia predicted that low prices [...]

November 6th, 2015 Daily Market Commentary   ECONOMIC NEWS The participation rate in Canada was 66%, above expectations. The Unemployment rate in the US was listed at 5%, below estimates of 5.1%. Nonfarm Payrolls for October were reported at 271K, far above estimates of 180K. Average hourly earnings were up 0.4% in the US in [...]

November 3rd, 2015 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was reported at -$1.73B, slightly better than estimates. The Trade Balance in the U.S. for September was               -$40.80B, also slightly better than estimates. The ADP Employment Change in the US was 182K, slightly above estimates. The Producer Price Index for the [...]

November 3rd, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising companies, was reportedly up 0.1% and 1.9% in month-over-month and year-over-year terms, respectively. Commodities: Oil is near a bottom and global supplies look poised to close their gap with demand as investments in new production [...]

November 2nd, 2015 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI for Canada was reported at 48. The Markit Manufacturing PMI for the Eurozone was reported at 52.3, slightly above estimates. Commodities: OPEC will probably hold production steady at its meeting next month as the gap between supply and demand for oil closes, according [...]

October 27th, 2015 Daily Market Commentary   ECONOMIC NEWS Durable Goods orders in the US were down 1.2% in September, above the expected 3% drop. The S&P Case-Shiller home price indices were up 5.1% in year-over-year terms in August, in line with estimates. GDP in Great Britain were up 0.5% and 2.3% in quarter-over-quarter and [...]

October 26th, 2015 Daily Market Commentary   ECONOMIC NEWS An IFO Survey on the Business Climate in Germany was reported at 108.2, slightly above estimates. BBA Mortgage Approvals in the UK were slightly below estimates in September. Commodities: Gold held declines after a three-day drop as investors weighed the prospect for higher U.S. borrowing costs [...]

October 23rd, 2015 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was down 0.2% and up 1% in month-over-month and year-over-year terms, respectively. The Markit Manufacturing PMI in the US was 54, above estimates. Commodities: Oil headed for a second weekly decline as expanding U.S. crude stockpiles exacerbated a global glut. [...]