The Daily Commentary

   

The Daily – January 11th, 2016

January 11th, 2016 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were reported at 173K, below estimates of 200K. A Sentix Survey of Investor Confidence in the Eurozone was reported at 9.6, below expectations of 12.2. Commodities: Crude extended its slide from an 11-year…

The Daily – January 6th, 2016

January 6th, 2016 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was reported at -$2B, a better than expected result. The Markit PMI Composite for the US was 54 in December, while the Markit Services PMI was 54.3 and the ISM non-manufacturing…

The Daily – January 5th, 2016

January 5th, 2016 Daily Market Commentary   ECONOMIC NEWS The Raw Material Price Index in Canada was reportedly down 4% in November. This was below estimates. The Industrial Product Price Index in Canada was down 0.2% in month-over-month terms, below expectations. The Redbook Index, which…

The Daily – December 15th, 2015

December 15th, 2015 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were reportedly down 1.1% in month-over-month terms. The US Consumer Price Index was flat in month-over-month terms in November. The Redbook Index, which measures same-store sales growth of US General Merchandising companies,…

The Daily – December 9th, 2015

December 9th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were up 1.2%. The Producer Price Index in China was down 5.9% in year over year terms. Machine Tool orders in Japan were down 17.9% in year-over-year terms. Commodities: Oil halted…

The Daily – December 7th, 2015

December 7th, 2015 Daily Market Commentary   ECONOMIC NEWS A Sentix Investor Confidence survey resulted in a score of 15.7, below estimates of 17. Commodities: Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC effectively abandoned…

The Daily – December 4th, 2015

December 4th, 2015 Daily Market Commentary   ECONOMIC NEWS The Purchasing Manager’s Index in Canada was reported at 57.9 for November. The unemployment rate in the US was quoted at 5%, in line with estimates. The US participation rate was 62.5%. Nonfarm payrolls in the…

The Daily – December 1st, 2015

December 1st, 2015 Daily Market Commentary   ECONOMIC NEWS GDP in Canada was down 0.5% in month-over-month terms, and came in at an annualized rate of 2.3% in quarter-over-quarter terms, slightly below estimates of 2.4%. The Redbook index, which measures same-store sales growth of US…

The Daily – November 30th, 2015

November 30th, 2015 Daily Market Commentary   ECONOMIC NEWS The Current Account in Canada in Q3 was reported at -$16.21B. The Consumer Price index in Germany was up 0.1% and 0.4% in month-over-month and year-over-year terms, respectively. GDP in Portugal was flat and up 1.4%…

The Daily – November 18th, 2015

November 13th, 2015 Daily Market Commentary   ECONOMIC NEWS Housing starts in the US were up 1.06M in month-over-month terms, slightly below estimates. MBA Mortgage Applications in the US were up 6.2% as of November 13th. Construction output in the Eurozone was down 0.4% and…

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