The Daily Commentary

   

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,…

The Daily – June 20th 2016

June 20th, 2016 Daily Market Commentary   ECONOMIC NEWS Wholesale Sales in Canada were up 0.1% in month-over-month terms, below estimates. The Producer Price Index was up 0.4% and down 2.7% in month-over-month and year-over-year terms, respectively.   Commodities: Oil gained for a second day, extending…

The Daily – June 16th 2016

June 16th, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in the US was reportedly up 1% in year-over-year terms, slightly below estimates. Initial Jobless claims in the US were quoted at 277K, above estimates. Foreign portfolio investment in Canadian securities was…

The Daily – June 15th 2016

June 15th, 2016 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were up 1% in month-over-month terms, above estimates. The Producer Price Index in the US was up 0.4% and down 0.1% in month-over-month and year-over-year terms, respectively. The NY Empire State Manufacturing…

The Daily – June 14th 2016

June 14th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the US were up 0.5% in month-over-month terms, above estimates. The Redbook Index, which measures same-store sales of US General Merchandising companies, was down 1% and up 0.7% in month-over-month and year-over-year terms,…

The Daily – June 13th 2016

June 13th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in China were up 10% in year-over-year terms, slightly below estimates. Industrial Production in China was up 6% year-over-year, slightly above estimates.   Commodities Crude slid to its lowest in a week in New York…

The Daily – June 10th 2016

June 10th, 2016 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in Canada was reported at 6.9%, below estimates of 7.1%. The Canadian Participation rate was 65.7%, slightly below estimates of 65.8%. The Net Change in Employment in Canada for May was 13.8K jobs,…

The Daily – June 8th 2016

June 9th, 2016 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index was up 0.3% and 2.1% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the US were 264K, below estimates.   Commodities Oil traded near the highest closing level in more…

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…

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