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Morning Notes

   

The Daily – October 20th, 2015

October 20th, 2015 Daily Market Commentary   ECONOMIC NEWS Wholesale Sales in Canada were down 0.1% in month-over-month terms, below consensus. Housing starts in the U.S. were 1.2 million, above consensus. The Redbook Index, which measures same-store sales growth in US general merchandising stores, was…

The Daily – October 19th, 2015

October 19th, 2015 Daily Market Commentary   ECONOMIC NEWS Chinese GDP was reportedly up 1.8% and 6.9% in quarter-over-quarter and year-over-year terms, respectively. Retail sales in China were up 10.9% in year-over-year terms, above estimates. Commodities: Gold dropped for a third day as signs of…

The Daily – October 16th, 2015

October 16th, 2015 Daily Market Commentary   ECONOMIC NEWS Foreign portfolio investment in Canadian securities in August was $3 billion, above estimates of $2.2 billion. Capacity utilization in the U.S. was 77.5%, slightly above estimates. The Consumer Price Index in the Eurozone was up 0.2%…

The Daily – October 14th, 2015

October 14th, 2015 Daily Market Commentary   ECONOMIC NEWS The Producer Price Index in the U.S. was reportedly down 0.5% and down 1.1% in month-over-month and year-over-year terms, respectively. Both figures were below estimates. MBA Mortgage Applications in the US were down 27.6% in October….

The Daily – October 13th, 2015

October 13th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of US general merchandising companies, was down 0.2% and up 1.1% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index was reported at 96.1, slightly above…

The Daily – October 9th, 2015

October 9th, 2015 Daily Market Commentary   ECONOMIC NEWS The Unemployment Rate in Canada crept up to 7.1% in September, above consensus estimates of 6.9%. The Participation rate in Canada was 65.9%, slightly above estimates. The Net Change in Employment in Canada was an addition…

The Daily – October 7th, 2015

October 7th, 2015 Daily Market Commentary   ECONOMIC NEWS Building Permits in August in Canada were down 3.7%, below estimates of 0.8% growth. MBA Mortgage Applications in the U.S. were up 25.5%. Industrial Production in Great Britain in August was up 1% and 1.9% in…

The Daily – October 6th, 2015

October 6th, 2015 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in August in Canada was reported at -$2.53B, below estimates of -$1.20B. The Redbook Index, which measures same-store sales growth of U.S. general merchandiser companies, was down 1.6% and up 0.7% in month-over-month…

The Daily – October 5th, 2015

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:…

The Daily – October 1st, 2015

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…

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