The Daily Commentary

   

The Daily – July 11th 2016

July 11th, 2016 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were up 218K in year-over-year terms, above estimates.   Commodities: Oil dropped to a two-month low after U.S. producers deployed the most rigs since April, signaling that output losses that trimmed a global…

The Daily – July 8th 2016

July 8th, 2016 Daily Market Commentary   ECONOMIC NEWS The Canadian Unemployment rate reportedly dropped to 6.8% in June, below estimates of 7%. The participation rate in Canada also slightly dropped 0.2% to 65.5%. US Nonfarm payrolls were quoted at 287K, far above estimates of…

The Daily – July 7th 2016

July 7th, 2016 Daily Market Commentary   ECONOMIC NEWS Building permits in Canada were down 1.9% in month-over-month terms, respectively. Initial Jobless claims in the US were 254K, below estimates.   Commodities: Oil extended gains as U.S. industry data showed the nation’s crude stockpiles fell last…

The Daily – July 6th 2016

July 6th, 2016 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was reported at -$3.28B, below expectations. The Redbook Index, which measures same-store sales of US general merchandising companies, was reportedly down 0.9% and up 0.6% in month-over-month and year-over-year terms, respectively….

The Daily – July 5th 2016

July 5th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the EU were up 0.4% and 1.6% in month-over-month and year-over-year terms, respectively. The Markit Services PMI for the Eurozone was listed at 52.8, above estimates. The Markit Services PMI for the UK…

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…

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…

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