The Daily Commentary

   

The Daily – July 9th 2014

July 9th 2014 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were reported at 198.2K, above estimates of 189K. MBA Mortgage Applications in the U.S. were reportedly up 1.9%. The Consumer Price Index in China was reportedly down 0.1% and up 2.3% in…

The Daily – July 8th 2014

July 8th 2014 Daily Market Commentary   ECONOMIC NEWS The Redbook index, which measures same-store sales growth in U.S. general merchandisers, was reportedly down 1.2% and up 6% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index for the U.S. was reported at…

The Daily – July 7th 2014

July 7th 2014 Daily Market Commentary   ECONOMIC NEWS Building Permits in Canada were reportedly up 13.8%, above estimates of a 3% increase. The Sentix survey of Investor Confidence for the Eurozone was reported at 10.1, above estimates of 7.5. Commodities: Brent traded at the…

The Daily – July 3rd 2014

July 3rd 2014 Daily Market Commentary   ECONOMIC NEWS Great-West Lifeco Inc., one of Canada’s cheapest stocks, is hunting for more acquisitions to expand its money-management business in the U.S. and Europe. Great-West, Canada’s second-biggest insurer with more than C$806 billion ($756 billion) in assets…

The Daily – July 2nd, 2014

July 2nd, 2014 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 0.2%. The ADP Employment Change in the U.S. was reported at 281K, above estimates of 200K. GDP in the Eurozone was reportedly up 0.2% and 0.9% in…

The Daily – June 27th, 2014

June 27th, 2014 Daily Market Commentary   ECONOMIC NEWS The industrial product price index in Canada was reportedly down 0.5% in month-over-month terms, below estimates of 0%. The Raw material price index in Canada was reportedly down 0.4% in May, below estimates of -0.1%. The…

The Daily – June 26th, 2014

June 26th, 2014 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the U.S. were reported at 312K, above estimates of 310K. Personal Consumption Expenditures in the U.S. were reportedly up 0.2% and Commodities: Brent crude traded near its lowest closing level in a…

The Daily – June 25th, 2014

June 25th, 2014 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 1%. Durable goods orders in the U.S. were reportedly down 1%, below estimates of a 0% move. Annualized GDP for the U.S. in Q1 was reported at…

The Daily – June 24th, 2014

June 24th, 2014 Daily Market Commentary   ECONOMIC NEWS The S&P/ Case-Shiller Home Price Indices were reportedly up 10.8% in year-over-year terms, below estimates of 11.6%. The Housing Price Index in the U.S. was reportedly up 0% in month-over-month terms, also below estimates. The Redbook…

The Daily – June 23rd, 2014

June 23rd, 2014 Daily Market Commentary   ECONOMIC NEWS The Markit Manufacturing PMI in the Eurozone was reported at 51.9, below estimates of 52.2. The Markit Services PMI for the Eurozone was reported at 52.8, below estimates of 53.3. The Markit Manufacturing PMI for Germany…

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