The Daily Commentary

   

The Daily – January 18th, 2016

January 18th, 2016 Daily Market Commentary   ECONOMIC NEWS The Housing Price Index in China was up 1.6% in December. Industrial Production in Japan was down 0.9% and up 1.7% in month-over-month and year-over-year terms, respectively. Commodities: Gold climbed for a second day as a global…

The Daily – January 15th, 2016

January 15th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the US, excluding Autos, were reportedly down 0.1%, below estimates of 0.2% growth. Industrial Production in the US was down 0.4% in month-over-month terms, also below estimates. The Reuters/Michigan Consumer Sentiment Index in…

The Daily – January 13th, 2016

January 13th, 2016 Daily Market Commentary   ECONOMIC NEWS MBA mortgage applications in the US were up 21.3%. Industrial Production in the Eurozone was down 0.7% and up 1.1% in month-over-month and year-over-year terms, respectively. Commodities: Oil bounced back after tumbling below $30 a barrel for…

The Daily – January 12th, 2016

January 12th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising stores, was down 1% and up 1.7% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index in the US was quoted at…

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…

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