The Daily – July 2nd, 2014

July 2nd, 2014 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 0.2%. The ADP Employment Change in the U.S. was reported at 281K, above estimates of 200K. GDP in the Eurozone was reportedly up 0.2% and 0.9% in…

The Daily – June 27th, 2014

June 27th, 2014 Daily Market Commentary   ECONOMIC NEWS The industrial product price index in Canada was reportedly down 0.5% in month-over-month terms, below estimates of 0%. The Raw material price index in Canada was reportedly down 0.4% in May, below estimates of -0.1%. The…

The Daily – June 26th, 2014

June 26th, 2014 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the U.S. were reported at 312K, above estimates of 310K. Personal Consumption Expenditures in the U.S. were reportedly up 0.2% and Commodities: Brent crude traded near its lowest closing level in a…

Clash of the Titans

  For those who doubt the competitive zeal in the world of business today, look no further than the examples outlined in yesterday’s blog post: Facebook attempted to expand their offering with a smartphone, Apple bought Beats audio for their online streaming business and premium…

The Daily – June 25th, 2014

June 25th, 2014 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 1%. Durable goods orders in the U.S. were reportedly down 1%, below estimates of a 0% move. Annualized GDP for the U.S. in Q1 was reported at…

Bezos Getting Bold

Few markets are as cutthroat and competitive as the international smartphone market, and its two dominant players – Apple and Samsung – are currently engaged in a global battle for dominance of the market. They have filed lawsuits, launched attack-ads and spent millions of dollars…

The Daily – June 24th, 2014

June 24th, 2014 Daily Market Commentary   ECONOMIC NEWS The S&P/ Case-Shiller Home Price Indices were reportedly up 10.8% in year-over-year terms, below estimates of 11.6%. The Housing Price Index in the U.S. was reportedly up 0% in month-over-month terms, also below estimates. The Redbook…

Pipeline or Pipe-Dream?

  On Tuesday, Stephen Harper made a long-awaited announcement, approving the highly controversial Northern Gateway Pipeline project. At face value, the announcement seems like a massive victory for Canada’s Oil Sands, and a crushing defeat for its environmental opposition. It turns out, however, that the…

The Daily – June 23rd, 2014

June 23rd, 2014 Daily Market Commentary   ECONOMIC NEWS The Markit Manufacturing PMI in the Eurozone was reported at 51.9, below estimates of 52.2. The Markit Services PMI for the Eurozone was reported at 52.8, below estimates of 53.3. The Markit Manufacturing PMI for Germany…

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