The Daily Commentary

   

The Daily – March 29th, 2016

March 29th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Raw Material Price Index in Canada was down 2.6% in February. The Redbook Index, which measures same-store sales growth of US General Merchandising companies, was up 3.1% and 1.5% in month-over-month terms, respectively. Consumer Confidence…

The Daily – March 28th, 2016

March 28th, 2016 Daily Market Commentary   ECONOMIC NEWS: Personal Consumption Expenditure in the US was up by 0.1% and 1% in month-over-month and year-over-year terms, respectively. Personal income in the US was up 0.2% in month-over-month terms.   Commodities: Oil rose for the first time…

The Daily – March 23rd, 2016

March 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Markit Manufacturing PMI for the US was quoted at 51.4.   Commodities: Oil fell before U.S. government data forecast to show rising crude stockpiles kept supplies at the highest level in more than eight decades. Gold dropped…

The Daily – March 22nd, 2016

March 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook index, which measures same-store sales growth of US General Merchandising companies, was reportedly up 2.9% and 0.8% in month-over-month and year-over-year terms, respectively. The US Housing Price Index was up 0.5% in month-over-month terms,…

The Daily – March 21st, 2016

March 21st, 2016 Daily Market Commentary   ECONOMIC NEWS: The Current Account of the Eurozone was listed at 25.4B euros, below estimates.   Commodities: Oil fell for a second day in New York, extending declines from a three-month high, as the number of drilling rigs active…

The Daily – March 15th, 2016

March 15th, 2016 Daily Market Commentary   ECONOMIC NEWS: Retail Sales in the US were down 0.1% in month-over-month terms, slightly above estimates. The NY Empire State Manufacturing index was reported at 0.62, far above estimates. The Producer Price Index in the US was down…

The Daily – March 11th, 2016

March 11th, 2016 Daily Market Commentary   ECONOMIC NEWS: Canadian Unemployment ticked up to 7.3%, slightly above estimates of 7.2%. The Net Change in Employment in Canada was a loss of 2.3K jobs, despite an expected gain of 9K. The US Import and Export Price…

The Daily – March 9th, 2016

March 9th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Bank of Canada kept their key interest rate stable at 0.5%. Wholesale inventories in the US were up 0.3%, worse than estimates. Industrial Production in the UK was up 0.3% and 0.2% in month-over-month and…

The Daily – March 8th, 2016

March 8th, 2016 Daily Market Commentary   ECONOMIC NEWS: Housing starts in Canada were up 216K, above estimates, while building permits dropped 10%, far worse than estimates. The Redbook Index, which measures, same-store sales growth of US General Merchandising companies, was up 2.9% and 0.7%…

The Daily – March 7th, 2016

March 7th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Sentix Investor Confidence survey of the Eurozone was quoted at 5.5, below estimates. The Leading Economic Index in Japan was quoted at 101.4, slightly below estimates.   Commodities: Oil advanced from its highest closing level in…

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