The Latest Posts
December 19, 2014
NYSE MAC Desk
Dec 9 2014 | 11:28 AM

From The Trading Floor: China’s tightening lending rules in addition to a hastily called election in Greece have given investors pause this morning as markets trade in negative territory following the worst loss in 6 weeks on the S&P 500 yesterday

  • Small Business Optimism for the month of November increased to 98.1 from 96.1

  • Wholesale Inventories rose 0.4% in October, slightly higher than the 0.3% the prior period

  • Job openings in the US. rose to 4.834m in October from 4.685m a month earlier

  • IBD / TIPP Economic Optimism rose to 48.4 for December up from Novembers read of 46.4

  • German October imports slid 3.1% from a month earlier, while exports fell 0.5%.

  • Chinese stocks tumbled the most since August 2009, with the Shanghai Composite Index closing down 5.4% at 2,856.27 after earlier gains of as much as 2.4%.

  • China said lower rated bonds can no longer be used...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Dec 8 2014 | 11:24 AM

From The Trading Floor; The falling price of crude and  weaker than expected trade data out of China is putting pressure on the markets this morning after reaching new record levels last week

  • Merck has offered to buy Cubist Pharmaceuticals for $9.5 billion or $102 a shares. 

  • McDonald's reported a disappointing 2.2% decline in global comparable sales for November that included declines across all geographic segments. They added in conjunction with its sales update that the strengthening of the U.S. dollar against nearly all foreign currencies will negatively impact its fourth quarter results by $0.07 to $0.09 per share.

  • The Labor Market Conditions Index for November fell to 2.9 from the revised 3.9 the previous period

  • There isn't any economic data out of the U.S. today; however, Atlanta Fed President Lockhart will be speaking at 12:30 p.m. Mr. Lockhart will be a voting FOMC member in 2015.

  • ...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Dec 5 2014 | 11:16 AM

From The Trading Floor: While equities generally opened the day higher on a better than expected payroll number for November, the increase has been muted as investors speculate on when interest rates will rise

  • Payrolls in the US. gained the most since early 2012 for the month of November. Employers in the US added 321,000 jobs in November highlighting an increased corporate confidence in the economy that so far has endured wekening global markets. Job growth was evident among most of the sectors with only mining and logging lagging behind

  • The unemployment rate stayed steady at 5.8% as did the Labor Participation Rate at 62.8%

  • The Trade Balance stayed relatively the same for the month of October as an improving economy caused imports to climb to a record while exports also rose

  • Factory Orders for the month of October fell -0.7%

  • Gap's comparable sales for November were up 6% versus a 2% increase...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Dec 4 2014 | 11:07 AM

From The Trading Floor: After reaching new records yesterday, markets are trading in negative territory after ECB President Draghi said policy makers will wait until next quarter before assessing if additional stimulus measures are needed

  • Challenger Job Cuts for the month of November decreased by -20.7%

  • Jobless Claims decreased by -17,000 to 287,000 in the week ending 11/29 as employers retained staff to meet demand for goods and services ahead of the holiday season

  • Consumer Comfort for the period ending 11/30 decreased to 39.8

  • Gasoline prices fell to a four-year low and sub-$2 per gallon was seen for the first time since July 2010. The $1.99 price was spotted at an Oncue Express station in Oklahoma City, and yesterday's national average of $2.74 per gallon was a whopping $0.51 lower than a year ago, saving consumers about $200M per day.

  • China's Shanghai Composite soared another 4.3%...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Dec 3 2014 | 11:20 AM

From The Trading Floor: Equities are trading in mixed to positive territory this morning as private payroll data indicated continued progress in the labor market.

  • The ADP Employment Change report showed an estimated 208,000 jobs were added to private sector payrolls in November. That was below the consensus estimate of 225,000.
  • Third quarter productivity growth was revised up to 2.3% from an originally reported 2.0% gain. Unit labor costs, though, were revised down to show a 1.0% decline versus a previously reported 0.3% gain. Hourly compensation, it was said, rose 1.3% instead of 2.3% with the initial estimate.

  • Markit Services and Composite PMI came in relatively on target at %6.2 and 56.1 respectively

  • The ISM Services Index for November grew to 59.3

  • We have the Beige Book results at 2:00 pm EST

  • A report of a nuclear accident in southeast Ukraine, a weaker‐than‐expected Q3 GDP report...

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