The Daily

July 27th, 2015 Daily Market Commentary   ECONOMIC NEWS Durable Goods orders in the U.S. were up 3.4% in June. The M3 Money Supply in the Eurozone was up 5%, slightly below estimates. Commodities: Oil extended losses in a bear market as a rebound in U.S. drilling signalled that producers can withstand lower prices and [...]

July 23rd, 2015 Daily Market Commentary   ECONOMIC NEWS Retail Sales in Canada were up 0.9% and 1% in month-over-month terms, both excluding autos and including them, respectively. Both figures were above estimates.  Continuing jobless claims in the U.S. were reported at 2.207M, while initial claims were 255K, both below estimates. Retail Sales in Great [...]

July 22nd, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were up 0.1%. Existing home sales in the U.S. were up 5.49M in month-over-month terms, or 3.2%. This figure was above estimates. Retail Sales in Italy were down 0.1% and up 0.3% in month-over-month and year-over-year terms, respectively. Commodities: Oil [...]

July 21st, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in U.S. general merchandising stores, was reportedly up 0.2% and up 1.2%. Foreign Direct Investment in China, year-to-date, was up 8% in year-over-year terms. Commodities: Gold advanced for the first time in seven days as a technical indicator [...]

July 20th, 2015 Daily Market Commentary   ECONOMIC NEWS Wholesale Sales in Canada were down 1% in month-over-month terms, below estimates of flat movement. The House Price Index for China was down 4.9% in June. The Producer Price Index for Germany was down 0.1% and down 1.4% in month-over-month and year-over-year terms, respectively. Commodities:  Gold [...]

July 15th, 2015 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were reportedly up 0.1% in month-over-month terms, below estimates. MBA Mortgage Applications were down 1.9% in the U.S. The NY Empire State Manufacturing Index was reported at 3.86, above estimates of 2.75. The Producer Price Index for the U.S. was up 0.4% [...]

July 14th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook index, which measures same-store sales growth of U.S. general merchandisers, was up 0.3% and 1.4% in month-over-month and year-over-year terms, respectively. The Import and Export indices for the U.S. were down 10% and down 5.7% in month-over-month and year-over-year terms, respectively. Retail sales in [...]

July 13th, 2015 Daily Market Commentary   ECONOMIC NEWS Imports and Exports in China were down 6.1% and up 2.8% in year-over-year terms, respectively. Both figures were above expectations. Industrial Production in Japan was down 2.1% in month-over-month terms. Commodities: Oil extended its decline after the biggest weekly drop since March as investors weighed the [...]

July 6th, 2015 Daily Market Commentary   ECONOMIC NEWS A Sentix survey of Investor Confidence for the Eurozone was reported at 18.5, above estimates of 15. Factory orders in Germany were down 0.2% and up 4.7% in month-over-month and year-over-year terms, respectively. Commodities: Brent slid below $60 a barrel for the first time since April [...]

June 30th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth of U.S. general merchandising stores, was down 1.5% and up 1.7% in month-over-month and year-over-year terms, respectively. The S&P/Case-Shiller Home Price Indices were up 4.9% in year-over-year terms, slightly below estimates of 5.5% growth. The Consumer Price Index [...]