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décembre 22, 2014
NYSE MAC Desk
déc 18 2014 | 11:17 AM

From The Trading Floor: Equities are rallying for a second day in a row on the Fed’s pledge to be “patient” on the timing of rate increases

  • World shares are on the rise today following a vote of confidence from the Fed on Wednesday that the U.S. economy was on track. The Dow and S&P surged yesterday to their strongest percentage gains of the year on the news, following Janet Yellen's comments that an interest rate increase was unlikely for at least the next two FOMC meetings.

  • Initial claims for the week ending December 13 declined by 3,000 to 289,000. Continuing claims, meanwhile, plummeted by 137,000 for the week ending December 6 to 2.373 million

  • December Flash Composite PMI fell to 53.8 from 56.1. Services PMI fell to 53.6 vs 56.2 the previous period

  • Bloomberg Consumer Comfort rose slightly to 41.7

  • The Philadelphia Fed Business Outlook contracted to 24.5

  • Oracle reports...

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Posté par: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
déc 17 2014 | 11:08 AM

From The Trading Floor: With the Fed expected to remain supportive of the economy when they release their rate decision at 2:00, equities are rising after 3 consecutive down days

  • The Consumer Price Index dropped 0.3%, the most in almost 6 years, depressed by falling energy prices that signal that inflation will stay below the Fed’s goal well into 2015

  • Oil prices are continuing their downward slide today, as markets brace for the outcome of the U.S. Federal Reserve meeting this afternoon. Analysts anticipate an upward revision to GDP growth forecasts in response to the slump in oil prices, and expect the Fed to signal that a rate hike is likely in mid-2015.

  • The new directive from the FOMC is set to be released at 2:00 p.m. ET. Fed Chair Yellen will then follow with a press conference at 2:30 p.m. ET explaining the directive and the committee's economic and interest rate projections.

  • President Obama is expected to...

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Posté par: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
déc 12 2014 | 11:05 AM

From The Trading Floor: Weak industrial production data out of China and the continued decline in oil prices have put pressure on the markets this morning

  • Wholesale Prices in the US. fell by -0.2%, more than forecast in November, led by the biggest drop in energy costs in more than a year indicating inflation pressures remain weak. Overall, the PPI report isn't helping the Fed's inflation mandate, meaning that it will keep the FOMC reserved about rushing to raise the fed funds rate.

  • Weak oil prices have added to worries about global demand and raised concerns about earnings for energy companies, with year-end tax selling putting more pressure on the group

  • The IEA has cut its outlook for 2015 oil demand growth by 230,000 barrels per day on lower expectations for Russia and other oil‐exporting countries.

  • The University of Michigan Consumer Confidence reading for December rose to 93.8

  • New Relic...

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Posté par: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
déc 11 2014 | 11:42 AM

From The Trading Floor: Boosted by a November retail sales report that showed sales increased the most in 8 months in addition to a report that showed jobless claims were declining, equities are advancing this morning after 3 days of decline

  • Jobless Claims for the week ending December 6th decreased by 3000 to 294,000, a three week low as an improving economy aided the labor market

  • Retail Sales in the US. rose in November by the most in 8 months (0.7%) as shoppers benefited from an improved labor market and cheaper fuel. Sales excluding autos jumping 0.5%. The boost in retail sales, which also included upward revisions for October, followed neatly with the stronger than expected auto sales for November and the encouraging 0.9% increase in aggregate earnings seen in the November employment report

  • The Import Price Index for the month of November fell by -1.5%

  • Consumer Comfort for the period ending...

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Posté par: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
déc 10 2014 | 11:04 AM

From The Trading Floor: After OPEC cut its forecast on 2015 demand for crude putting pressure on energy shares, the markets have continued their sell off

  • Mortgage Applications for the period ending 12/5 increased 7.3%

  • The Monthly Budget Statement is at 2:00

  • North Dakota regulators ordered producers pumping oil from the Bakken shale field to strip explosive gases from their product in an effort to make crude-by-rail transport safer.

  • China reported its lowest year‐over‐year increase in CPI (1.4%) since November 2009, feeding concerns about the economic slowdown taking place in China. 

  • The IMF has identified a $15B shortfall in its bailout for Ukraine, which has opened because of a 7% contraction in country’s GDP and a collapse in exports to Russia, Ukraine’s biggest trading partner. The additional cash needed would come on top of the $17B loan package announced in April and would have...

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Posté par: Charles Brown
Managing Director, The Capital Markets Desk