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Morning Notes

   

The Daily – February 9th, 2016

February 9th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was reportedly down 2.6% and up 0.6% in month-over-month and year-over-year terms, respectively. The NFIB survey of Business Optimism in the US was…

The Daily – February 8th, 2016

February 8th, 2016 Daily Market Commentary   ECONOMIC NEWS: Building Permits in Canada were up 11.3% in month-over-month terms, far above estimates. The Sentix Investor Confidence survey for the Eurozone was reported at 6, below estimates of 7.6. Commodities: Oil traded near $31 a barrel after…

The Daily – February 5th, 2016

February 5th, 2016 Daily Market Commentary   ECONOMIC NEWS: Imports and Exports in Canada were reported at $45.94B and $45,35B, respectively. Both figures were better than expected. Non-farm Payroll figures in the US, which are used as a proxy for employment, were reported at 151K,…

The Daily – February 3rd, 2016

February 3rd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Markit Services PMI in the US was 53.2, slightly below estimates. The ADP Employment Change in the US was 205K, above estimates. Retail Sales in Europe were up 0.3% and 1.4% in month-over-month and year-over-year…

The Daily – February 2nd, 2016

February 2nd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was down 1.5% and up 0.8% in month-over-month and year-over-year terms, respectively. The Unemployment Rate in the Eurozone was reported at 10.4%, slightly…

The Daily – February 1st, 2016

February 1st, 2016 Daily Market Commentary   ECONOMIC NEWS: Personal Spending in the US was flat in December in month-over-month terms. Slightly below estimates. Personal Income Growth in the US was up 0.3% in month-over-month terms, slightly above estimates. Commodities: Oil’s longest rally this year faltered…

The Daily – January 29th, 2016

January 29th, 2016 Daily Market Commentary   ECONOMIC NEWS: Canadian GDP was up 0.3% in month-over-month terms, in line with estimates. Annualized GDP growth for Q4 in the US was reported at 0.7%, slightly below estimates of 0.8%. The Consumer Price Index in the Eurozone…

The Daily – January 27th, 2016

January 27th, 2016 Daily Market Commentary   ECONOMIC NEWS: MBA Mortgage Applications in the US were up 8.8%. Consumer Confidence in Germany was reported at 9.4, slightly above estimates. Commodities: Oil resumed its decline near $30 a barrel after U.S. industry data showed crude stockpiles increased,…

The Daily – January 26th, 2016

January 26th, 2016 Daily Market Commentary   ECONOMIC NEWS: Consumer Confidence in the US was reported at 98.1, slightly above estimates. The S&P/Case-Shiller Home Price Indices were up 5.8% in year-over-year terms, slightly above estimates. The Redbook Index, which measures same-store sales growth of US…

The Daily – January 22nd, 2016

January 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was up 1.6% in year-over-year terms, slightly below estimates. Retail Sales in Canada were up 1.7% in month-over-month terms, far above estimates of 0.2% growth. The US Markit Manufacturing PMI…

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