The Latest Posts
November 24, 2014
NYSE MAC Desk
Nov 24 2014 | 10:59 AM

From The Trading Floor: Equities are getting a follow on boost from Friday's action as confidence in the global economy grew amid support from central banks

  • Chicago Fed National Activity Index for October came in at 0.14, lower than the revised 0.29 the previous month

  • Markit Services PMI came in at 56.3 for November with the Composite coming in at 56.1

  • Biomarin Pharm (BMRN) is acquiring Prosensa Holding (RNA) for $17.75 per share, representing a 55% premium to Friday's closing price. Cimatron (CIMT) is being acquired by 3D Systems (DDD) for $8.97 per share in cash, or a total of $97 million.

  • U.S. imports of crude oil from OPEC nations are at their lowest level in almost 30 years, reports FT, underlining the impact of the shale revolution and advances in hydraulic fracturing.

  • Dallas Fed Manufacturing Activity is at 10:45

  • Chinese stocks rallied today, following the POBC's...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 21 2014 | 11:05 AM

From The Trading Floor: Additional stimulus measures signaled by China and Europe have US equity markets trading at record levels, on target to finish a 5th week of gains

  • The People's Bank of China lowered its one‐year benchmark lending rate for the first time in two years by 40 basis points to 5.60% and its one‐year benchmark deposit rate 25 basis points to 2.75%.

  • ECB President Draghi made a comment earlier today that eurozone inflation has become increasingly challenging and that the central bank is ready to act fast and do more if current trends continue.

  • President Obama has outlined plans to use executive authority to help millions of illegal immigrants, granting them the chance to apply for work permits and a temporary reprieve from deportation. "I will make it easier and faster for high-skilled immigrants, graduates and entrepreneurs to stay and contribute to our economy, as so many business leaders have proposed...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 20 2014 | 11:10 AM

From The trading Floor; Equities are trading in negative territory this morning as weaker manufacturing data in the Eurozone and China showed signs of a global economic slowdown despite the positive economic data domestically today

  • The cost of living was little changed in October, reflecting a drop in energy prices that has yet to filter through to other goods and services. There was no change in the consumer price index following a 0.1 gain the prior month. Stripping out food and energy prices, the so-called core CPI rose 0.2% last month

  • Fewer Americans filed for unemployment benefits last week as the need to retain staff as we enter the holiday season keeps layoffs at bay. Jobless Claims fell by 2000 to 291,000 in the week ending November 15.

  • Bloomberg Consumer Comfort for the period ending November 16th came in at 38.5, slightly above the 38.2 the previous period and the highest level since January. 

    ...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 19 2014 | 11:07 AM

From The Trading Floor: After the major indexes extended their records yesterday, equities are in mild decline this morning after data showed housing starts declined in October and ahead of the FOMC minutes to be released at 2:00 this afternoon

  • Mortgage Applications for the period ending 11/14 increased by 4.9%

  • Housing starts declined 2.8% from September to an annualized rate of 1.009 million units. September starts were revised higher to 1.038 million from 1.017 million and that single‐family starts in October jumped 4.2% to 696,000

  • Building Permits showed a 4.8% increase from September to an annualized rate of 1.080 million. The number of homes currently under construction increased 1.4% to 802,000. 

  • Federal Reserve releases minutes at 2:00 from its most recent policy meeting that could yield clues on when and how the central bank will start its first rate hike cycle

  • Paramount Group (...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 18 2014 | 11:08 AM

From The Trading Floor: Energy and small cap shares are rebounding this morning, pushing the S&P 500 to a new all-time high

  • October Producer Price Index rose by 0.2%. The uptick in PPI was driven by final demand for services, which jumped 0.5%. Final demand for finished goods declined 0.3%.

  • Home Builder Sentiment for November jumped 4 points to 58

  • Home Depot highlights today's earnings reporters, many of which are retailers. Home Depot for its part reported slightly better than expected third quarter earnings and reaffirmed its full‐year outlook while noting the potential for a disappointment due to data breach costs that cannot be estimated at this time.

  • eHi Car Services (EHIC ) priced 10 million shares at $12. The opening print was $12 on 596,046 shares. 

  • STORE Capital Corp priced 27.5 million shares at $18.50. The opening print was $19.65 on 2,172,459 shares.

  • ...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk