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…

The Daily – June 21st 2016

June 21st, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising companies, was reportedly down 0.9% and up 0.9% in month-over-month and year-over-year terms, respectively. A ZEW survey of economic sentiment was reported at 20.2,…

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