The Daily Commentary

   

The Daily – December 5th, 2014

December 5th Daily Market Commentary   ECONOMIC NEWS The net change in employment in November in Canada was reported at -10.7K, below estimates of 5K growth. The Participation rate and unemployment rate in Canada reportedly held steady at 66% and 6.6%, respectively. Nonfarm payrolls in…

The Daily – December 4th, 2014

December 4th Daily Market Commentary   ECONOMIC NEWS Initial Jobless claims in the U.S. were reported at 297K, slightly above estimates of 295K. Continuing Jobless claims in the U.S. were reported at 2.362M, slightly above estimates of 2.328M. An ECB Interest Rate Decision resulted in…

The Daily – December 3rd, 2014

December 3rd Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 7.3%. Nonfarm Productivity in the U.S. was reportedly up 2.3%, below estimates of 2.4%. The ADP Employment Change was reported at 208K, below estimates of 221K. The Markit…

The Daily – December 2nd, 2014

December 2nd Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in general merchandising stores in the U.S., was reportedly down 0.6% and up 4.8% in month-over-month and year-over-year terms, respectively. The Producer Price Index in the Eurozone was reportedly…

The Daily – December 1st, 2014

December 1st Daily Market Commentary   ECONOMIC NEWS The Markit Manufacturing PMI for the Eurozone was reported at 50.1, slightly below estimates of 50.4. Italian GDP was reportedly down 0.1% and down 0.5% in quarter-over-quarter and year-over-year terms, respectively. Consumer Credit in Great Britain grew…

The Daily – November 28th, 2014

November 28th Daily Market Commentary   ECONOMIC NEWS Canadian annualized GDP was reportedly up 2.8% in quarter-over-quarter terms, above estimates of 2.1%. GDP in Canada was also up 0.4% in month-over-month terms, which was in line with estimates. The Industrial Product Price index was reportedly…

The Daily – November 27th, 2014

November 27th Daily Market Commentary   ECONOMIC NEWS The Current Account in Canada was reported at -8.4B, above estimates of -11.10B. Consumer Confidence in the Eurozone was reported at -11.6, in line with estimates.  The Consumer Price Index in Germany was reportedly flat and up…

The Daily – November 26th, 2014

November 26th Daily Market Commentary   ECONOMIC NEWS Durable Goods orders in the U.S. were reportedly up 0.4%, above estimates of a 0.6% drop. Initial Jobless claims in the U.S. were reported at 313K, above estimates of 288K. Continuing jobless claims were reported at 2.316M,…

The Daily – November 25th, 2014

November 25th Daily Market Commentary   ECONOMIC NEWS Retail Sales in Canada were reportedly up 0.8% in month-over-month terms, above estimates of 0.5%. Retail Sales excluding Autos in Canada were reportedly flat, below estimates of 0.3%.  Annualized Q3 GDP in the U.S. was reported at…

The Daily – November 24th, 2014

November 24th Daily Market Commentary   ECONOMIC NEWS The Chicago Fed National Activity Index for October was reported at 0.14. A survey of the Business Climate in Germany was reported at 104.7, above expectations of 103. Commodities: Brent crude traded near the highest closing price…

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