The Daily – June 8th 2016

June 8th, 2016 Daily Market Commentary   ECONOMIC NEWS Canadian Housing Starts were up 188K, below estimates. Building Permits in Canada were down 0.3% in month-over-month terms. MBA Mortgage Applications in the US were up 9.3% in June. Industrial Production in the US was up…

The Daily – June 7th 2016

June 7th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth of US general merchandising companies, was down 1% and up 0.6% in month-over-month and year-over-year terms, respectively. Eurozone GDP was reportedly up 0.6% and 1.7% in quarter-over-quarter and…

The Daily – June 6th 2016

June 6th, 2016 Daily Market Commentary   ECONOMIC NEWS: Investor confidence in the EU was reported at 9.9, above estimates. Factory orders in Germany were down 2% in month-over-month estimates, worse than estimates. Commodities: Oil advanced as Abu Dhabi forecast prices could climb as high as $60…

The Daily – May 31st, 2016

May 31st, 2016 Daily Market Commentary   ECONOMIC NEWS: GDP fell 0.2% in Month-over-month terms in Canada, slightly below estimates. Quarter-over-quarter annualized GDP in Canada was up 2.4%, below estimates of 2.9%. Personal Spending in the US was up 1% in April, above estimates. Personal…

The Daily – May 30th, 2016

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…

The Daily – May 27th, 2016

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…

The Daily – May 25th, 2016

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…

The Daily – May 21st, 2016

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…

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