The Daily Commentary

   

The Daily – November 3rd, 2015

November 3rd, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising companies, was reportedly up 0.1% and 1.9% in month-over-month and year-over-year terms, respectively. Commodities: Oil is near a bottom and global supplies look poised to…

The Daily – November 2nd, 2015

November 2nd, 2015 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI for Canada was reported at 48. The Markit Manufacturing PMI for the Eurozone was reported at 52.3, slightly above estimates. Commodities: OPEC will probably hold production steady at its meeting next month as…

The Daily – October 27th, 2015

October 27th, 2015 Daily Market Commentary   ECONOMIC NEWS Durable Goods orders in the US were down 1.2% in September, above the expected 3% drop. The S&P Case-Shiller home price indices were up 5.1% in year-over-year terms in August, in line with estimates. GDP in…

The Daily – October 26th, 2015

October 26th, 2015 Daily Market Commentary   ECONOMIC NEWS An IFO Survey on the Business Climate in Germany was reported at 108.2, slightly above estimates. BBA Mortgage Approvals in the UK were slightly below estimates in September. Commodities: Gold held declines after a three-day drop…

The Daily – October 23rd, 2015

October 23rd, 2015 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was down 0.2% and up 1% in month-over-month and year-over-year terms, respectively. The Markit Manufacturing PMI in the US was 54, above estimates. Commodities: Oil headed for a second weekly…

The Daily – October 22nd, 2015

October 22nd, 2015 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the US were reported at 259K, below estimates of 265K. The Housing Price Index in the US was up 0.3% in month-over-month terms. Existing home sales in the US were up 4.7%…

The Daily – October 21st, 2015

October 21st, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the US were up 11.8%. The All Industry Activity Index in Japan was down 0.2% in month-over-month terms, below estimates of a 0.1% drop. Commodities: U.S. stock-index futures advance before a flock…

The Daily – October 20th, 2015

October 20th, 2015 Daily Market Commentary   ECONOMIC NEWS Wholesale Sales in Canada were down 0.1% in month-over-month terms, below consensus. Housing starts in the U.S. were 1.2 million, above consensus. The Redbook Index, which measures same-store sales growth in US general merchandising stores, was…

The Daily – October 19th, 2015

October 19th, 2015 Daily Market Commentary   ECONOMIC NEWS Chinese GDP was reportedly up 1.8% and 6.9% in quarter-over-quarter and year-over-year terms, respectively. Retail sales in China were up 10.9% in year-over-year terms, above estimates. Commodities: Gold dropped for a third day as signs of…

The Daily – October 16th, 2015

October 16th, 2015 Daily Market Commentary   ECONOMIC NEWS Foreign portfolio investment in Canadian securities in August was $3 billion, above estimates of $2.2 billion. Capacity utilization in the U.S. was 77.5%, slightly above estimates. The Consumer Price Index in the Eurozone was up 0.2%…

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