The Daily

May 22nd Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was reportedly down 0.1% and up 0.8% in month-over-month and year-over-year terms, respectively. Both figures were below estimates. The Consumer Price Index in the U.S. was reportedly down 0.2% in year-over-year terms, which was below estimates. Excluding Food and Energy, the [...]

May 21st, 2015 Daily Market Commentary   ECONOMIC NEWS Existing home sales in the U.S. were up 5.04M, below estimates of a 5.24M gain. The markit manufacturing PMI for the US was reported at 53.8, below estimates of 54.5. The Philadelphia Fed Manufacturing Survey was reported at 6.7, below estimates of 8. Consumer Confidence in [...]

May 20th, 2015 Daily Market Commentary   ECONOMIC NEWS Wholesale sales in Canada were up 0.8%, below estimates of 0.9%. MBA mortgage applications in the U.S. were down 1.5%. Construction output in the Eurozone was reportedly up 0.8% and down 2.7% in month-over-month and year-over-year terms, respectively. The BoE unanimously decided to leave their key [...]

May 19th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of U.S. general merchandising companies, was reportedly down 0.2% and up 1.8% in month-over-month and year-over-year terms, respectively. Building permits in the U.S. were up 1.143M, above estimates. Housing Starts were up 1.135M, also above estimates. The Consumer [...]

May 15th, 2015 Daily Market Commentary   ECONOMIC NEWS Manufacturing shipments in Canada were reportedly up 2.9%, above estimates of 1.2% growth. Industrial production in April in the U.S. was down 0.3%, below estimates. The Reuters/Michigan Consumer Sentiment Index was reported at 88.6, below estimates of 96. Commodities: Oil pared its ninth weekly advance, the [...]

May 14th, 2015 Daily Market Commentary   ECONOMIC NEWS Initial Jobless claims in the U.S. were 264K, below estimates of 275K. Continuing jobless claims in the U.S. were 2.229M, slightly below estimates as well. The Producer Price Index for the U.S. was down 0.4% and down 1.3% in month-over-month and year-over-year terms, respectively. Both figures [...]

May 13th, 2015 Daily Market Commentary   ECONOMIC NEWS Retail sales in the U.S. were flat in April, in month-over-month terms, below estimates of 0.2% growth. Retail sales excluding Autos were up 0.1%, below estimates of 0.5% growth, over the same time period. The import price index for the U.S. was reportedly down 0.3% and [...]

May 12th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in U.S. general merchandising companies, was reportedly flat and up 2.1% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index for the U.S. was 96.9, slightly above estimates. Industrial production in Great Britain was up 0.5% [...]

May 6th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were down 4.6%. ADP Employment change figures were reported at 169K, below estimates of 200K. Unit labour costs in the U.S. were up 5% in the first quarter, above estimates of a 4.3% increase. Retail Sales in the Eurozone were [...]

May 5th, 2015 Daily Market Commentary   ECONOMIC NEWS Imports and exports for Canada were reported at $45.52B and $42.50B in March, respectively. The Trade balance  in the U.S. for March was reported at -$51.37B, far below estimates of -$41.20B The Producer Price Index for the Eurozone was up 0.2% and down 2.3% in month-over-month [...]