The Daily

April 15th, 2015 Daily Market Commentary   ECONOMIC NEWS A Bank of Canada interest rate decision resulted in steady interest rates. Industrial production in the U.S. was reportedly down 0.6% in month-over-month terms, below estimates of a 0.3% drop. Capacity utilization in the U.S. was reported at 78.4%, below estimates slightly. Commodities: Oil advanced for [...]

April 13th, 2015 Daily Market Commentary   ECONOMIC NEWS The Chinese trade balance was reported at $3.08B, far below estimates of $45.35B, as both exports and imports fell strongly. Commodities: Oil advanced a third day as skepticism among U.S. lawmakers over a nuclear deal with Iran undermined prospects that the OPEC producer will bolster crude [...]

April 10th, 2015 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in Canada was reported in line with estimates, at 6.8%. The net change in employment in Canada was reported at 28.7K, above estimates of no change. Housing starts in Canada were reportedly up 189.7K on a year-over-year basis, above estimates of 175. The [...]

April 8th, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reported at 0.4%. Retail Sales in the Eurozone were reportedly down 0.2% and up 3%. Commodities: Gold traded near the highest in seven weeks as investors waited for the Federal Reserve to release minutes from its March meeting. Oil [...]

April 7th, 2015 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in U.S. General Merchandising companies, was reportedly up 1.3% and 3.4% in month-over-month and year-over-year terms, respectively. The Producer Price Index in the Eurozone was reportedly up 0.5% and down 2.8% in month-over-month and year-over-year terms, respectively. The [...]

April 6th, 2015 Daily Market Commentary   ECONOMIC NEWS The unemployment change in Spain was reportedly down 60.2K. The Leading Economic Index in Japan was reported at 105.3, slightly above estimates. Commodities: Oil rose as Iran’s nuclear accord with world powers left the timing uncertain for a possible increase in crude supplies from the OPEC [...]

April 2nd, 2015 Daily Market Commentary   ECONOMIC NEWS Imports and Exports in Canada were reported at $44.51B and $43.52B for February, respectively. Initial Jobless Claims in the U.S. were reported at 268K, below estimates at 285K. Continuing Jobless Claims in the U.S. were reported at 2.325M, also below estimates. Commodities: Oil headed for a [...]

April 1st, 2015 Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly up 4.6%. The ADP Employment change in the U.S. was reported at 189K, below estimates of 225K. The Markit Manufacturing PMI for the Eurozone was reported at 52.2, slightly above estimates. Commodities: Gold rebounded from a three-day loss [...]

March 31st, 2015 Daily Market Commentary   ECONOMIC NEWS Canadian GDP was reportedly down 0.1% in month-over-month terms, slightly above estimates. The Redbook Index, which measures same-store sales growth of general merchandisers in the U.S., was reportedly up 1.2% and 3% in month-over-month and year-over-year terms, respectively. The S&P/Case-Shiller Home Price Indices were reportedly up [...]

March 30th, 2015 Daily Market Commentary   ECONOMIC NEWS The Industrial product price index in Canada was reportedly up 1.8% in month-over-month terms. The Raw Material Price Index in Canada was reportedly up 6.1%, above estimates of 5.1%. Personal Income in the U.S. was reportedly up 0.4% in month-over-month terms, slightly above estimates. Personal consumption [...]