The Daily Commentary

   

The Daily – July 20th 2016

July 20th, 2016 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were reportedly down 1.3%. Average earnings excluding bonuses were up 2.3% in quarter-over-quarter terms in the UK.   Commodities: Oil held near $45 a barrel as U.S. industry data showed a…

The Daily – July 19th 2016

July 19th, 2016 Daily Market Commentary   ECONOMIC NEWS Building permits in the US were listed at 1.153M in month-over-month terms, above estimates. US Housing starts were also listed at 1.189M, above estimates. The Redbook Index, which measures same-store sales of US general merchandising stores,…

The Daily – July 18th 2016

July 18th, 2016 Daily Market Commentary   ECONOMIC NEWS Foreign investments in Canadian securities were reported at $14.73B in May, below estimates.   Commodities: Brent crude traded little changed following a failed coup in Turkey as shipments continued through the vital conduit for oil from Russia and…

The Daily – July 14th 2016

July 14th, 2016 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index in Canada was up 0.7% and 2.7% in month-over-month and year-over-year terms, respectively. The Producer Price Index in the US was up 0.5% and 0.3% in month-over-month and year-over-year terms, respectively….

The Daily – July 13th 2016

July 13th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada elected to hold their key interest rate steady at 0.5%, as expected. MBA Mortgage Applications in the US were up 7.2% in July.   Commodities: Oil fell after the biggest gain in three…

The Daily – July 12th 2016

July 12th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising stores, was down 0.3% and up 0.8% in month-over-month and year-over-year terms, respectively.   Commodities: Oil rebounded from a two-month low as a weaker dollar…

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….

Twitter IconVisit Our LinkedIn Page