The Daily – July 4th 2016

July 4th, 2016 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI for Canada was listed at 51.8. The Producer Price Index for the Eurozone was up 0.6% and down 3.9% in month-over-month and year-over-year terms, respectively. A Sentix survey of Investor Confidence in…

The Daily – June 29th 2016

June 29th, 2016 Daily Market Commentary   ECONOMIC NEWS Personal Spending in the US was up 0.2% in month-over-month terms, slightly below estimates. Personal Consumption Expenditures in the US were up 0.2% and 0.9% in month-over-month and year-over-year terms, respectively. The Consumer Price Index in…

The Daily – June 28th 2016

June 28th, 2016 Daily Market Commentary   ECONOMIC NEWS The Case-Shiller Home Price Indices were up 5.4% in year-over-year terms, in line with estimates. Annualized GDP in the US for Q1 was listed at 1.1%, slightly above estimates of 1%. Non-annualized Q1 GDP in the…

The Daily – June 27th 2016

June 27th, 2016 Daily Market Commentary   ECONOMIC NEWS The Goods Trade Balance in the US was reported at -$61B, below estimates. The US Markit Services PMI was reported at 51.3. Private Loans in the EU were up 1.6% in year-over-year terms.   Commodities: Oil traded…

Interim Commentary: Brexit Wounds

June 2016   The UK Referendum: Brexit Wounds           www.theguardian.com     This morning, the world awoke to discover the historic results of yesterday’s referendum in the UK: Britain has voted to leave the European Union. This is, without a doubt, a…

The Daily – June 24th 2016

June 24th, 2016 Daily Market Commentary   ECONOMIC NEWS Durable goods orders in the US were down 2.2% in month-over-month terms. Consumer Sentiment in the US was reported at 93.5, below estimates of 94. Retail sales in Italy were up 0.1% and down 0.5% in…

The Daily – June 22nd 2016

June 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in Canada were up 0.9% in month-over-month terms, in line with estimates. Retail sales in Canada excluding Autos were up 1.3%, far above estimates of a 0.6% increase. US Housing Prices increased 0.2% in…

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