The Daily

October 5th, 2015 Daily Market Commentary   ECONOMIC NEWS The Markit PMI Composite for the Eurozone was reported at 53.6, slightly below estimates. Retail Sales in the Eurozone were flat and up 2.3% in month-over-month and year-over-year terms, respectively. Both were ahead of expectations. Commodities: Oil rose for a second day in New York after [...]

October 1st, 2015 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI in Canada was reported at 48.6. Initial Jobless Claims in the U.S. were reported at 277K, above estimates of 270K. Continuing Jobless Claims in the U.S. were reported at 2.191M, slightly below estimates. The Markit Manufacturing PMI in the U.S. was 53.1, [...]

September 29th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of US general merchandising companies, was down 1.5% and up 0.9% in month-over-month and year-over-year terms, respectively. Consumer Confidence in the US was reported at 103, above estimates of 96. The Raw Material Index in Canada was down [...]

September 28th, 2015 Daily Market Commentary   ECONOMIC NEWS Personal Income in the U.S. grew by 0.3% in month-over-month terms, slightly below estimates. Pending Home Sales in the U.S. fell by 1.4% and grew by 6.1% in month-over-month and year-over-year terms, respectively. Personal spending in the US in August was up 0.4%, slightly above estimates. [...]

September 25th, 2015 Daily Market Commentary   ECONOMIC NEWS Annualized GDP in the U.S. for Q2 was quoted at 3.9%, above estimates of 3.7%. Personal consumption expenditure prices in the U.S. were up 2.2% in quarter-over-quarter terms. The M3 Money Supply in the Eurozone was up 4.8% in year-over-year terms, below estimates.   Commodities: Oil [...]

September 23rd, 2015 Daily Market Commentary   ECONOMIC NEWS Retail Sales in Canada were reportedly up 0.5% in month-over-month terms, in line with estimates. Retail Sales excluding Autos in Canada were flat and up 0.4% in month-over-month terms. MBA Mortgage Applications in the U.S. were up 13.9% as of mid September. The Markit PMI Composite [...]

September 22nd, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in U.S. general merchandising companies, was reportedly down 1.4% and up 0.9% in month-over-month and year-over-year terms, respectively. The U.S. Housing Price Index was up 0.6% in month-over-month terms, above expectations. Commodities: Oil fell in New York as Iran [...]

September 18th, 2015 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was flat and up 1.3% in month-over-month and year-over-year terms, respectively. Both figures were in line with estimates. The House Price index for China was down 2.3% in August. Commodities: Oil headed for its third weekly gain in four after [...]

September 17th, 2015 Daily Market Commentary   ECONOMIC NEWS The Q2 U.S. Current Account was reported at $109.7B, far above consensus of a $-$111.3B deficit. Continuing Jobless claims in the U.S. were listed at 2.237M, slightly below estimates. Building permits in the U.S. were up 1.17M in month-over-month terms, slightly above estimates. Initial Jobless Claims [...]

September 15th, 2015 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were up by 1.7%, above expectations of 1%. The Consumer Price Index in the U.S. was down 0.1% and up 0.2% in month-over-month and year-over-year terms, respectively. The NAHB Housing Market Index in September was reported at 62, above estimates of 61. [...]