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Oktober 31, 2014
NYSE MAC Desk
Okt 31 2014 | 10:05 AM

From The Trading Floor; The Japan stimulus plan in addition to some strong earnings from some industry bellwethers have the markets trading in record territory this morning

  • The Employment Cost Index for the 3rd Qtr rose by 0.7%

  • Consumer Spending in the US. unexpectedly dropped in September as incomes rose at the slowest pace of the year. Expenditures decreased 0.2% September, weaker than expected after rising 0.5% the previous month. Incomes increased 0.2%, the smallest gain since December.

  • The PCE price index increased 0.1% and is up 1.4% year‐over‐year. In other words, it is still well below the Fed's longer‐run inflation target of two percent

  • Separately, the third quarter employment cost index increased 0.7% and showed a 2.2% increase in employment costs year over‐year. That is the highest increase since a 2.6% increase in Q4 2008.

  • ISM Milwaukee for October rose to 65.61 from 63....

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Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Okt 30 2014 | 10:31 AM

From The Trading Floor: Stocks are trading in mixed territory this morning after GDP growth fueled speculation the Fed would raise rates sooner than later while Visa earnings results lifted the Dow

  • Third quarter GDP growth decelerated after a second quarter jump related to make up activity after the first quarter decline due to atypically adverse winter weather. 3rd quarter GDP came in at 3.5% annualized, following 4.6% boost in the second quarter. The median forecast was for 3.0%.
  • Jobless claims moved higher in the latest data but averages are still at recovery lows. Initial claims rose 3,000 in the October 25 week to 287,000

  • Boot Barn Holdings (BOOT) priced 5 million shares at $16 last night. The opening trade was at $19.00 on 1,311,080 shares

  • Ukraine and Russia were unsuccessful in reaching a gas agreement at their overnight talks with the EU, but another round of negotiations will take place Thursday...

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Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Okt 29 2014 | 9:54 AM

From The Trading Floor: Stocks are trading in mixed to positive territory this morning as investors speculate that the Fed will signal continued low interest rates after their 2 day meeting concludes today.

  • Mortgage Applications for the period ending 10/24 fell by -6.6%

  • Ahead of the Wednesday afternoon statement (2:00 pm est) on monetary policy, it is considered certain that the Fed will end its latest bond-buying program. But recent comments from Fed officials show that bond purchases, or quantitative easing, will remain in the central bank's tool kit

  • The tobacco industry is gearing up for its next serious challenge, as more cities raise the legal age for buying tobacco products to 21.

  • The Federal Trade Commission sued AT&T yesterday, alleging that the company sold millions of customers "unlimited" data plans while cutting data speeds to near-impractical levels after the user crossed a usage threshold. AT...

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Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Okt 28 2014 | 10:20 AM

From The Trading Floor: Encouraging earnings in combination with anticipation over the FOMC meeting that begins today has markets trading in positive territory with the S&P 500 going positive for the month. 

  • Orders for Durable Goods dropped unexpectedly in September, falling for a 2nd month on decreased demand for machinery and computers. Orders fell by -1.3%

  • Home Prices in 20 US. cities rose at a weaker pace in the year ending in August as borrowing standards remain tight

  • Consumer Confidence for October rose to 94.5

  • The Richmond Fed Manufacturing Index for October rose to 20 from 14 the previous period

  • The CDC has published new guidelines on healthcare workers who have returned from caring for Ebola patients in Africa following days of disagreements between the federal government and state governors. The guidelines recommend that people at high risk of developing Ebola...

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Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk
NYSE MAC Desk
Okt 27 2014 | 10:15 AM

From The Trading Floor: Equities are retreating from their best week of the year, as oil drops to a 2 year low before a heavy week of earnings

  • Markit Services PMI rose to 57.3 for October

  • Pending Home Sales for September rose by 0.3%, less than analysts had estimated.

  • Brent crude oil fell below $85 a barrel and U.S. crude dipped below $80 after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand

  • Merck reports Q3 EPS ex-items 90c, consensus 88c. Reports Q3 revenue $10.56B, consensus $10.67

  • ECB stress test failure list tops 25 banks weighing on the overseas markets and ultimately have an effect here in the morning

  • A gauge of Germany’s business climate dropped for a 6th month to the lowest level since 2012

  • In Brazil, the incumbent Dilma Rousseff won the Presidential election. She is widely viewed as anti-...

Lees Meer
Gepost Door: Charles Brown
Managing Director, The Capital Markets Desk