May 30th, 2016 Daily Market Commentary ECONOMIC NEWS: The industrial product price index in Canada was down 0.5% in month-over-month terms, below estimates. The Raw Material Index in Canada was up 0.7% in month-over-month terms, also below estimates. The Consumer Price Index in Germany…
May 27th, 2016 Daily Market Commentary ECONOMIC NEWS: Annualized GDP in Q1 in the US was reported at 0.8%, slightly below estimates of 0.9%. Commodities: Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Gold looks very different…
May 25th, 2016 Daily Market Commentary ECONOMIC NEWS: The trade balance of goods in the US was reported at -$58B for April in the US. Mortgage applications in the US were up 2.3% in April. Commodities: Oil extended its advance to near $50 a barrel…
May 21st, 2016 Daily Market Commentary ECONOMIC NEWS: New Home Sales in the US were up 619K in month-over-month terms, above estimates. The Redbook Index, which measures same-store sales growth of US General Merchandising companies, was reportedly up 0.4% and 2.1% in month-over-month and…
May 20th, 2016 Daily Market Commentary ECONOMIC NEWS: The Consumer Price Index in Canada was up 0.3% and 1.7% in month-over-month and year-over-year terms, respectively. Both were in line with estimates. Retail sales excluding Autos were down 1% in month-over-month terms in Canada, below…
May 18th, 2016 Daily Market Commentary ECONOMIC NEWS: Foreign portfolio investment in Canadian securities in March was $17.2B, above estimates of $10B. MBA Mortgage Applications in the US were down 1.6% in April. The Consumer Price Index in the Eurozone was flat and down…
May 16th, 2016 Daily Market Commentary ECONOMIC NEWS: The New York Manufacturing index was reported at -9.02, below an expected figure of 6.50. The Rightmove House Price Index in the UK was up 0.4% and up 7.8% in month-over-month and year-over-year terms, respectively. Retail…
May 12th, 2016 Daily Market Commentary ECONOMIC NEWS: New Housing Prices in Canada were up 0.2% and 2% in month-over-month and year-over-year terms, respectively. US Import Prices were up 0.3% and down 5.7% in month-over-month and year-over-year terms, respectively. Export Prices in the US…
May 11th, 2016 Daily Market Commentary ECONOMIC NEWS: MBA Mortgage Applications in the US were up 0.4% as of May 6th. Industrial Production in the UK was up 0.3% and down 0.2% in month-over-month and year-over-year terms, respectively. The Leading Economic Index in Japan…
May 10th, 2016 Daily Market Commentary ECONOMIC NEWS: The NFIB Business Optimism Index in the US was reported at 93.6, slightly above estimates. The CPI in Greece was reportedly down 1% in year-over-year terms. Commodities: Oil rose from a two-week low on concern that supplies…
