The Daily Commentary

   

The Daily – February 23rd, 2016

February 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising stores, was reportedly down 2.3% and up 1.2% in month-over-month and year-over-year terms, respectively. The Case-Shiller Home Indices were up 5.7% in year-over-year terms,…

The Daily – February 19th, 2016

February 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS: The US Markit Manufacturing PMI was listed at 51, below estimates. The Eurozone Markit Manufacturing PMI was listed at 51, also below estimates. The Eurozone Services PMI was listed at 53, slightly below estimates.   Commodities:…

The Daily – February 19th, 2016

February 19th, 2016 Daily Market Commentary   ECONOMIC NEWS: Retail Sales in Canada were down 2.2% in month-over-month terms, far below estimates. Chief among concerns named was food inflation. The US Consumer Price Index was flat in month-over-month terms and up 1.4% in year-over-year terms….

The Daily – February 18th, 2016

February 18th, 2016 Daily Market Commentary   ECONOMIC NEWS: Wholesale sales in Canada were up 2% in month-over-month terms, above estimates. Initial Jobless Claims in the US were reported at 262K, below estimates. Continuing jobless claims were 2.27M, slightly above estimates   Commodities: Gold held an…

The Daily – February 16th, 2016

February 16th, 2016 Daily Market Commentary   ECONOMIC NEWS: Manufacturing Shipments in Canada were reportedly up 1.2% in month-over-month terms, above estimates. The NY State Manufacturing Index was reported at -16.6, below estimates. A ZEW Survey of Economic Sentiment in the Eurozone was reported at…

The Daily – February 10th, 2016

February 11th, 2016 Daily Market Commentary   ECONOMIC NEWS: Initial jobless claims in the US were reported at 269K, below estimates. Continuing Jobless claims in the U S were 2.239M, also bleow estimates. The unemployment rate in Greece was reported at 24.6%.   Commodities: Oil extended…

The Daily – February 10th, 2016

February 10th, 2016 Daily Market Commentary   ECONOMIC NEWS: The MBA Mortgage Applications in the US were up 9.3%. The Industrial Production in the UK was down 1.1% and 0.4% in month-over-month and year-over-year terms, respectively.   Commodities: Oil rose from the lowest settlement in almost…

The Daily – February 9th, 2016

February 9th, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising companies, was reportedly down 2.6% and up 0.6% in month-over-month and year-over-year terms, respectively. The NFIB survey of Business Optimism in the US was…

The Daily – February 8th, 2016

February 8th, 2016 Daily Market Commentary   ECONOMIC NEWS: Building Permits in Canada were up 11.3% in month-over-month terms, far above estimates. The Sentix Investor Confidence survey for the Eurozone was reported at 6, below estimates of 7.6. Commodities: Oil traded near $31 a barrel after…

The Daily – February 5th, 2016

February 5th, 2016 Daily Market Commentary   ECONOMIC NEWS: Imports and Exports in Canada were reported at $45.94B and $45,35B, respectively. Both figures were better than expected. Non-farm Payroll figures in the US, which are used as a proxy for employment, were reported at 151K,…

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