The Latest Posts
November 27, 2014
NYSE MAC Desk
Nov 11 2014 | 10:48 AM

From The Trading Floor: Equities are trading in cautious territory this morning after the benchmark indexes reached a fourth straight record in the absence of economic reports or earnings

  • NFIB Small Business Optimism grew to 96.1 for October exactly where the consensus number predicted it would be.

  • Philadelphia Fed President Plosser said in a CNBC interview that there are many indicators suggesting interest rates are too low even with falling oil prices and very modest wage growth.

  • Without specifying a timeline for when the unit might list, Jack Ma has announced that Alibaba's  Alipay "will definitely go public." "The main goal of listing isn't for more money, but to let more people share in and be part of it," says Ma. Meanwhile, with about an hour to go, Alibaba's Singles' Day shopping festival sales have already surpassed $8B in sales

  • The U.S. and China have reached an agreement to drop tariffs on a wide...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 10 2014 | 11:31 AM

From The Trading Floor: Investors are taking a breather this morning as markets fluctuate after equities reached new highs for a third straight week last Friday

  • In corporate news of note, AT&T (T) announced a plan to acquire lusacell, Mexico's third‐largest wireless operator for $2.5 billion, including the assumption of debt.

  • McDonald's (MCD) reported a 0.5% decline in October global comparable sales, paced by a 1.0% decline at its U.S. restaurants.

  • The Labor Market Conditions Index for October came in at 4.0, the same as the revised number for September

  • China's Xi Jinping and Japan's Shinzo Abe held a landmark meeting this morning, opening the door to restoring economic discussion and diplomatic ties

  • Individual global investors will get a chance to buy Shanghai-listed stocks for the first time, after direct cross-trading of Shanghai and Hong Kong stocks begins on Nov. 17

  • ...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 7 2014 | 10:49 AM

From The Trading Floor: Stocks are wavering  a bit this morning, as October jobs data, while exceeding the 200,000 level for another month, came in slightly below forecast

  • Employment gains exceeded 200,000 for the 9th straight month, increasing by 214,000 for October as the jobless rate fell to 5.8%, a 6 year low
  • The Labor Participation rate remained relatively stable at 62.8%

  • Average hourly earnings for all workers rose 0.1% in October. They were up 2% over the past 12 months

  • Disney reports Q4 EPS 89c, consensus 88c. Reports Q4 revenue $12.39B, consensus $12.37B

  • Notable speakers on the agenda include ECB’s Weidmann and Bank of England’s Carney ( 05:15 ET), and Fed Chair Yellen ( 10:15 ET). Governor Tarullo is talking at the FDIC conference at 14:30 ET

  • German industrial production fell short of the consensus forecast of a 2% rise in September, signaling that Europe...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 6 2014 | 11:00 AM

From The Trading Floor: Equities are fluctuating this morning after the release of several positive economic reports and assurances by ECB President Draghi that he would employ further easing measures if needed

  • Challenger job cuts rise 11.9% in October from a year earlier

  • Claims for the week ending November 1 dropped to 278,000 from 288,000 in the prior week. Continuing claims for the week ending October 25 declined to 2.348 million from 2.387 million

  • Third quarter productivity increased 2.0%. Unit labor costs, meanwhile, increased 0.3%.

  • Consumer comfort for the week ending November 2nd rose to 38.1 from 37.2

  • Both the Bank of England and ECB left their key lending rates unchanged at their respective policy meetings today. ECB President Mario Draghi assured the Euro zone that further easing measures would be considered if needed.

  • Kiev has announced that it will...

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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Nov 5 2014 | 11:29 AM

From The Trading Floor: Equities are trading in positive territory this morning as Republicans won their first Senate majority in 8 years and ADP employment data showed companies added more workers in October.

  • The ADP Employment Change report showed an estimated 230,000 jobs were added to private‐sector payrolls in October. That marked the seventh straight month totals have exceeded 200,000. Goods‐producing employment increased by 48,000 while service‐providing employment rose by 181,000. Job gains were reported across the construction, manufacturing, trade, financial, and professional/business services industry groups.
  • Mortgage Applications for the period ending 10/31 fell -2.6%

  • News that the midterm election results earned Republicans control of both houses of Congress has been widely cited as the driving factor for the bullish bias.

  • Markit US. Services / Composite PMI came in at 57.1 / 57.2 respectively

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