The Daily

June 10th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly up 8.4% in the U.S. Industrial production in Great Britain was up 0.4% and 1.2% in month-over-month and year-over-year terms. Both figures were above estimates. Commodities: Gold rose for a third day as the dollar weakened. Silver advanced [...]

June 9th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook index, which measures same-store sales growth in the U.S., was reportedly down 1.7% and up 1.2% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism index in the U.S. was reported at 98.3. GDP growth in the Eurozone was 0.4% and 1% in [...]

June 8th, 2015 Daily Market Commentary   ECONOMIC NEWS Housing starts in Canada were up 201.7K in year-over-year terms, above estimates of 185K. Building permits in Canada were up 11.6%, far above estimates of a 6% drop. Industrial production in Germany was reportedly up 0.9% and 1.4% in month-over-month and year-over-year terms, respectively. Commodities: Oil [...]

June 2nd, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index in the U.S., which measures same-store sales growth in general merchandising companies, was down 0.3% and up 1.7% in month-over-month and year-over-year terms, respectively. The COP for the Eurozone was up 0.3% in year-over-year terms, slightly above estimates. The Producer Price Index in [...]

June 1st, 2015 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI was reported at 49.8. Personal spending in April in the U.S. was flat over April, below estimates of 0.2% growth. Personal Income in the U.S. was up 0.4% in April, slightly above estimates. The Consumer Price Index in Germany was reportedly up [...]

May 29th, 2015 Daily Market Commentary   ECONOMIC NEWS Canadian annualized GDP was reportedly down 0.6% in quarter-over-quarter terms, below estimates. GDP in Canada fell 0.2% in month-over-month terms, also below estimates. Annualized GDP in the U.S. was -0.7%, slightly above estimates of -0.8%. CPI in the U.S. was up 0.8% in Q1 in quarter-over-quarter [...]

May 28th, 2015 Daily Market Commentary   ECONOMIC NEWS The Industrial Product Price Index in Canada was down 0.9%, below estimates of 0.1%. The Raw Material Price Index was up 3.8%, above estimates of 1.6%. Initial jobless claims in the U.S. were 282K, above estimates of 270K. Continuing Jobless claims in the U.S. were 2.22M, [...]

May 27th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were down 1.6%. Consumer Confidence in Germany was reported at 10.2, slightly above estimates. Consumer Confidence in France was reported at 93, slightly below estimates. Commodities: Oil recovered from its biggest two-day drop in more than a month ahead of [...]

May 26th, 2015 Daily Market Commentary   ECONOMIC NEWS Housing Prices in the U.S. were up 0.3% in month-over-month terms, below estimates. The Case-Shiller Home Price Indices were up 5% in year-over-year terms, above estimates. Durable Goods orders in the U.S. were down 0.5% and up 0.5% in absolute terms and excluding transportation, respectively. Commodities: [...]

May 25th, 2015 Daily Market Commentary   ECONOMIC NEWS Commodities: Gold slipped, extending the biggest weekly loss since April, as prospects for the first U.S. interest rate increase since 2006 helped to push the dollar to a one-month high. Silver and palladium declined. Copper extended its biggest weekly decline in four months as Goldman Sachs [...]