The Daily Commentary

   

The Daily – October, 5th 2016

October, 5th 2016 Daily Market Commentary   ECONOMIC NEWS European stocks snapped a six-day winning streak amid investor concern that the European Central Bank is moving toward tightening monetary policy. Asian stocks outside Japan dropped for the first time in three days on concern central…

The Daily – October, 4th 2016

October, 4th 2016 Daily Market Commentary   ECONOMIC NEWS The dollar strengthened as hawkish comments from a Federal Reserve official spurred wagers that U.S. interest rates will rise before the end of the year. The pound slumped to its weakest level since 1985. The prospect of Italy’s first…

The Daily – October, 3rd 2016

October, 3rd 2016 Daily Market Commentary   ECONOMIC NEWS The pound approached the three-decade low set in the days following the Brexit referendum after U.K. Prime Minister Theresa May said she’ll begin the process of withdrawal from the European Union in the first quarter of 2017. Oil climbed…

The Daily – September 14th, 2016

September 14th, 2016 Daily Market Commentary   ECONOMIC NEWS The Import Price Index was quoted as being down 0.2% and down 2.2% in month-over-month and year-over-year terms, respectively. The Export Index was down 0.8% and 2.4% in month-over-month and year-over-year terms, respectively. Industrial Production in…

The Daily – September 13th, 2016

September 13th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of US General Merchandisers, was down 0.3% and up 0.4% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index was quoted at 94.4, below estimates. Commodities:…

The Daily – September 12th, 2016

September 12th, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Portugal was down 0.2% and up 0.7% in month-over-month and year-over-year terms, respectively. Commodities: Oil extended declines following the biggest drop in more than a month after U.S. producers increased drilling as…

The Daily – September 9th, 2016

September 9th, 2016 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in Canada was reported up at 7%, up from 6.9%. The Baker Hughes Rig Count was listed at 414, up from 407. Commodities: Oil trimmed its weekly gain after the biggest U.S. stockpile slump…

The Daily – September 8th, 2016

September 8th, 2016 Daily Market Commentary   ECONOMIC NEWS The new housing price index in Canada was reportedly up 0.4% and 2.8% in month-over-month and year-over-year terms, respectively. Building permits in Canada were up 0.8% in month-over-month terms, far below estimates. Initial jobless claims in…

The Daily – September 7th, 2016

September 7th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada maintained their key interest rate at 0.5%. Commodities: Brent crude rebounded as Iran’s president said he supports efforts to stabilize oil prices after Saudi Arabia and Russia agreed this week to try to…

The Daily – September 6th, 2016

September 6th, 2016 Daily Market Commentary   ECONOMIC NEWS The ISM Non-Manufacturing PMI was quoted at 51.4, below estimates of 55. Commodities: Gold held a three-day advance as prospects for a U.S. interest-rate increase this month receded and holdings in bullion-backed funds rebounded. Brent oil dropped after…

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