The Daily

September 14th, 2015 Daily Market Commentary   ECONOMIC NEWS Industrial Production in the Eurozone was up 0.6% and 1.9% in month-over-month and year-over-year terms, respectively. The Consumer Price Index in Italy was up 0.2% in both month-over-month and year-over-year terms, respectively. Commodities: Oil extended its decline below $45 a barrel in New York as a [...]

September 11th, 2015 Daily Market Commentary   ECONOMIC NEWS The Producer Price Index in the U.S. was flat and down 0.8% in month-over-month and year-over-year terms, respectively. Excluding Food and Energy, the Producer Price Index in the U.S. was up 0.3% and 0.9% in month-over-month and year-over-year terms, respectively. Consumer inflation expectations in the U.K. [...]

September 10th, 2015 Daily Market Commentary   ECONOMIC NEWS Capacity Utilization in Canada was reported at  81.3%, slightly below estimates of 81.7%. The New Housing Price Index in Canada was up 0.1% and 1.3% in month-over-month. Initial Jobless claims in the U.S. were reported at 275K, in line with estimates. The Bank of England held [...]

September 9th, 2015 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada held their key interest rate steady at 0.5%, as expected. Housing starts in Canada were reported at 216.9K, above expectations. Building permits in Canada fell by 0.6% month-over-month, ahead of expectations. JOLTS Job Openings in the U.S. were posted at 5.735M, above [...]

September 8th, 2015 Daily Market Commentary   ECONOMIC NEWS The NFIB Business Optimism Index in the U.S. was reported at 95.9, slightly below estimates. Eurozone GDP was up 0.4% and 1.5% in quarter-over-quarter and year-over-year terms, respectively. Commodities: Brent crude oil rose on Tuesday as strong European economic data and a year-on-year increase in Chinese [...]

September 4th, 2015 Daily Market Commentary   ECONOMIC NEWS The Net Change in Employment in Canada was listed at 12K, far above estimates of -4.5K. The participation rate in Canada was quoted at 65.9%, slightly above estimates. The Unemployment rate in Canada was listed at 7%, up from 6.8%. The U.S. Unemployment Rate ticked down [...]

September 3rd, 2015 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was negative $0.59B, slightly below what was expected, indicating stronger exports than expected. The US Markit PMI Composite was reported at 55.7. The Markit Services PMI in the U.S. was reported at 56.1. The ISM Non-Manufacturing PMI was reported at 59, [...]

September 2nd, 2015 Daily Market Commentary   ECONOMIC NEWS The ADP Employment Change in the US was 190K, below estimates of 201K. MBA Mortgage Applications in the U.S. were up 11.3%. Nonfarm productivity was up 3.3% in the second quarter, above estimates of 2.8%. The Producer Price Index in the Eurozone was down 0.1% and [...]

September 1st, 2015 Daily Market Commentary   ECONOMIC NEWS GDP in Canada was up 0.5% in month-over-month terms, above estimates of 0.2% growth. In quarter-over-quarter terms, the Canadian GDP shrank at an annualized rate of 0.5%, slightly slower than the forecasted 1% rate of shrinkage. The Redbook Index, which measures same-store sales growth of U.S. [...]

August 31st, 2015 Daily Market Commentary   ECONOMIC NEWS The Chicago Purchasing Managers’ Index was reported at 54.4, below estimates of 54.7. The Consumer Price Index in the Eurozone was up 0.2% in year-over-year terms, above estimates of 0.1%. The Consumer Price Index core for the Eurozone was up 1% in year-over-year terms, in line [...]