The Daily

April 5th, 2017 Daily Market Commentary       Economic News: The ISM Non-Manufacturing PMI in the  US was reported at 55.2, below estimates. The Markit Services PMI was quoted at 52.8, also below estimates. The EU Markit PMI Composite was quoted at 56.4, below estimates. Canada: Toronto’s residential housing market showed no signs of [...]

April 4th, 2017 Daily Market Commentary       Economic News: International Merchandise Trade in Canada was reported at -$0.97B, far below expectations. The Redbook Index, which measures same-store sales growth of US General Merchandising companies, was reportedly down 0.7% and up 1.3% in month-over-month and year-over-year terms, respectively. Canada: Canadian stocks closed slightly higher, [...]

April 3rd, 2017 Daily Market Commentary       Economic News: The RBC Manufacturing PMI figure in Canada was quoted at 55.5, above estimates. The US ISM Manufacturing PMI was quoted at 57.2, above estimates. One year total US Vehicle Sales were listed at 16.62M in March, far below estimates. The Eurozone Unemployment Rate was [...]

March 31st, 2017 Daily Market Commentary       Economic News: Canadian GDP was quoted at 0.6% in month-over-month in January, above estimates. Personal Income in the US was up 0.4% in month-over-month terms, in line with estimates. The Consumer Price Index in the Eurozone was reportedly up 1.5% in year-over-year terms, below estimates. GDP [...]

March 30th, 2017 Daily Market Commentary       Economic News: The Price of Raw Materials in Canada were up 1.2%. Annualized GDP in the US for Q4 was quoted at 2.1%, slightly above estimates. Consumer Confidence in the Eurozone was quoted ate -5, in line wiht estiamtes. The Consumer Price Index in Germany was [...]

March 29th, 2017 Daily Market Commentary       Economic News: Pending Home Sales in the US were up 5.5% in month-over-moth terms, far above estimates. EIA Crude oil stocks rose by 867K, less than estimated. Canada: Canada’s benchmark equity index gained for a fifth day as strength in energy and financial stocks offset large [...]

March 28th, 2017 Daily Market Commentary       Economic News: The S&P Case-Shiller Home Price Indices were up 5.7% in year-over-year terms in January, in line with estimates. US Consumer Confidence was quoted at 125.6, above estimates. The Redbook Index, which measures same-store sales growth of US general merchandising stores, was reportedly down 0.7% [...]

March 27th, 2017 Daily Market Commentary       Economic News: The M3 Money Supply in the Eurozone was up 4.7% in year-over-year terms, slightly below estimates. An IFO Business Climate survey in Germany resulted in a score of 112.3, above estimates. Canada: U.S. and Canadian plans to spend more than $1.1 trillion on infrastructure [...]

March 24th, 2017 Daily Market Commentary       Economic News: CPI in Canada was up 0.2% and 2% in month-over-month and year-over-year terms, respectively. Durable Goods orders in the US were up 1.7% in February, above estimates. The Markit Services PMI for the Eurozone was quoted at 56.5, above estimates. The Markit Manufacturing PMI [...]

March 23rd, 2017 Daily Market Commentary       Economic News: New Home Sales in the US were reportedly up 600K in the US, above estimates. Continuing Jobless Claims in the US were quoted at 2M in march, slightly below estimates. Retail Sales in the UK were reportedly up 1.4% and 3.7% in month-over-month and [...]