The Latest Posts
August 21, 2014
Ahead of the Bell
Jun 11 2014 | 8:22 AM

MARKET ACCESS CENTER: MORNING REPORT
Ahead of the Bell: Dow futures are trading down 67 points and S&P futures are trading down 9 points. Global equity markets are retreating today, following the recent run up in stocks on upbeat US economic data and the European Central Bank's latest monetary measures, as investors rebalance their portfolios and take some profits off the table. According to reports, the World Bank has cut its global growth forecast, blaming it on the wicked weather across the US and the crisis in Ukraine. China's central bank reiterated it will keep its current monetary policy in place throughout 2014, despite a 25% surge in spending in May as Beijing reenergizes efforts to boost growth.


• On the economic calendar today, the Treasury Department will release its budget report in the afternoon, $-139.0 B is expected compared with $106.9 B.
• The dollar is up against the Japanese yen and down against the euro and the British pound....

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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
End of Day Report
Jun 10 2014 | 4:45 PM

U.S. stock indices finished relatively unchanged on Tuesday amid a light corporate and economic calendar. The major S&P 500 sectors were mixed with the biggest gain coming from Healthcare, up .22%, while Utilities declined .29%. Crude oil and gold are both higher while the dollar slipped against its major rivals. 


European  stocks paused for a breath on Tuesday, with U.K. indices losing ground as news of strong industrial output increased the chances of a near-term rate rise. Asian indices took their cue from Wall Street and closed largely in the green, though Japanese markets retreated as the yen rose.


A Wall Street Journal column fueled concerns surrounding the housing market as it relates to first time buyers. The article said the financial burdens that young adults face has cut into their ability to buy a first home, and is a major reason the housing recovery continues to disappoint. The column also said the growing debts have...

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Specialist, Market Watch
NYSE MAC Desk
Jun 10 2014 | 10:12 AM

From The Trading Floor: After closing at record highs yesterday, the markets are drifting lower with traders taking some profits as they weigh a light economic calendar

  • Small business sentiment hit its highest level in more than 6-1/2 years in May, in the latest sign economic growth has shifted into higher gear. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 1.4 points to 96.6 last month, the highest reading since September 2007, when the economy was about to slide into recession.
  • JOLT Job Openings for the month of April rose to 4455 from 4166 the previous period.

  • April Wholesale Inventories increased to rose by 1.1% in April vs. the 0.6% estimate

  • Leading domain name registrar Go Daddy has hired JPMorgan (JPM) and Morgan Stanley (MS) to handle an IPO that could occur later in 2014

  • Intercontinental Exchange has begun the IPO of its stock market...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
Ahead of the Bell
Jun 10 2014 | 8:27 AM

MARKET ACCESS CENTER: MORNING REPORT
Ahead of the Bell: Dow futures are trading down 23 points and S&P futures are trading down 4 points. Investors appetite for riskier asset classes appear to be taking a breather after stocks reached another all-time high in the previous trading session. In China, inflation remained tame and market participants were unnerved as data showed its well within the range of Beijing's comfort zone for it to launch new monetary measures if needed. Reports suggest the European Central Bank's latest monetary policy moves to boost growth in the region is gaining traction as the overnight interest rate banks charge one another fell and the euro currency hit another low.


• On the economic calendar today, the Labor Department's will publish April's Job Openings and Labor Turnover Survey reported or JOLTS after the opening bell, a reading of 4.025 M is anticipated versus 4.014 M for March.
• Yesterday, stocks notched another win...

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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
End of Day Report
Jun 9 2014 | 4:28 PM

U.S. stock indices edged higher in quiet Monday trading as investors focused on a smattering of M&A announcements and a light economic calendar.  There was some continuation of last week's trends with a number of key cyclical pockets of the market outperforming, including banks, homebuilders and machinery.  Of the major S&P 500 sectors, Industrials and Financials led gains, while Utilities and Healthcare topped declines.  Oil experienced a healthy bounce while Gold edged higher.   


 


A Barron’s article this weekend downplayed concerns surrounding depressed volatility.  The paper noted that a 30-day streak is not terribly long, pointing out that the VIX remained under 14 for 32 consecutive trading days through 29-Nov-13, and then the S&P 500 gained 2.4% through the end of the year.  The article added that low volatility is...

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Specialist, Market Watch