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…

The Daily – January 21st, 2016

January 21st, 2016 Daily Market Commentary   ECONOMIC NEWS Continuing Jobless claims in the US were quoted at 2.2M, slightly below estimates. Initial Jobless Claims were reported at 293K, above estimates of 278K. Consumer Confidence in the Eurozone was reported at -6.3, slightly worse than…

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