The Daily

March 2nd, 2016 Daily Market Commentary   ECONOMIC NEWS: MBA Mortgage Applications in the US were down 4.8%. The Producer Price Index in the Eurozone was down 1% and up 2.9% in month-over-month and year-over-year terms, respectively.   Commodities: Oil declined from the highest closing level in eight weeks in New York after a surge in [...]

March 1st, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook index, which measures same-store sales growth in US general merchandising companies, was down 2.4% and up 0.6% in month-over-month and year-over-year terms, respectively. The Markit Manufacturing PMI in the US was reported at 51.3, slightly above estimates. Canadian GDP was up 0.2% in month-over-month [...]

February 29th, 2016 Daily Market Commentary   ECONOMIC NEWS: Industrial Product Prices in Canada were up 0.5% in month-over-month terms. The Consumer Price Index in the Eurozone was down 0.2% in year-over-year terms, slightly below estimates of flat growth. The Consumer Price Index core for the Eurozone was up 0.7%, slightly below estimates as well. [...]

February 26th, 2016 Daily Market Commentary   ECONOMIC NEWS: Annualized GDP in the US in the fourth quarter was reported at 1%, above estimates of 0.4%. Personal Spending in the US in January was up 0.5%, above estimates. Personal Income in the US was also up 0.5%, also above estimates. Consumer sentiment in the US [...]

February 24th, 2016 Daily Market Commentary   ECONOMIC NEWS: MBA Mortgage Applications were down 4.3% in the US. Consumer Confidence in France was listed at 95, slightly below estimates.   Commodities: Oil extended declines after oil ministers from Iran and Saudi Arabia signaled they’re unwilling to curtail production. Gold climbed for a second day as stocks and [...]

February 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS: The Redbook Index, which measures same-store sales growth in US General Merchandising stores, was reportedly down 2.3% and up 1.2% in month-over-month and year-over-year terms, respectively. The Case-Shiller Home Indices were up 5.7% in year-over-year terms, slightly below estimates.   Commodities: Oil retreated from a two-week high [...]

February 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS: The US Markit Manufacturing PMI was listed at 51, below estimates. The Eurozone Markit Manufacturing PMI was listed at 51, also below estimates. The Eurozone Services PMI was listed at 53, slightly below estimates.   Commodities: Crude oil rose as Russia said talks on an output [...]

February 19th, 2016 Daily Market Commentary   ECONOMIC NEWS: Retail Sales in Canada were down 2.2% in month-over-month terms, far below estimates. Chief among concerns named was food inflation. The US Consumer Price Index was flat in month-over-month terms and up 1.4% in year-over-year terms. Excluding energy, the US CPI was up 2.2% year-over-year. Consumer [...]

February 18th, 2016 Daily Market Commentary   ECONOMIC NEWS: Wholesale sales in Canada were up 2% in month-over-month terms, above estimates. Initial Jobless Claims in the US were reported at 262K, below estimates. Continuing jobless claims were 2.27M, slightly above estimates   Commodities: Gold held an advance on speculation that the U.S. central bank will probably slow the [...]

February 16th, 2016 Daily Market Commentary   ECONOMIC NEWS: Manufacturing Shipments in Canada were reportedly up 1.2% in month-over-month terms, above estimates. The NY State Manufacturing Index was reported at -16.6, below estimates. A ZEW Survey of Economic Sentiment in the Eurozone was reported at 13.6, above estimates.   Commodities: Gold fell for a third day [...]