Apr 16 2014 | 10:05 AM

From The Trading Floor: This morning we are getting an early bounce in equities, not dissimilar to yesterday, on good earnings and economic reports



  • Mortgage Applications for the week ending April 11th rose by 4.3%

  • Housing Starts for the month of March rose to 946,000 from the revised 920,000 the month earlier but fell a little shy of consensus.

  • Industrial Production rose by 0.7%, more than forecast in March after a February gain that was twice as big as previously estimated.

  • The Fed releases the Beige Book results at 2:00

  • Moeils & Co. (MC) priced 6.5 million shares at $25. It opened at $27.00 on a print of 618,038 shares.

  • China's GDP growth slowed to its lowest level in 18 months in Q1, moderating to 7.4% on year from 7.7% in Q4 but topping forecasts for 7.3%. The figure is below the government's target of 7.5%

  • Ukrainian troops have entered the center of...
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Apr 15 2014 | 10:08 AM

From The Trading Floor: Equities are rebounding from their worst week since 2012 as earnings from Dow bellwethers Coca-Cola and Johnson & Johnson offset a decline in New York area manufacturing



  • April New York Fed Empire report falls to 1.29, well below the estimate of 8.00

  • The cost of living in the US. rose by 0.2%, more than projected in March, as food and rents became more expensive helping ease the Fed’s concerns that inflation is too low.

  • US. total cross border investment inflows at $167.7 billion in February

  • The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index fell 0.3% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis

  • The NAHB Housing Market Index for April came in at 47, the same as the previous period

  • Coca-Cola reports Q1 comparable EPS 44c, consensus 44c. Reports Q1 revenue...
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Apr 14 2014 | 10:08 AM

From The Trading Floor: Positive earnings and better than expected retail sales have stocks trading in positive territory in a holiday shortened week



  • Retail Sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies. Retail Sales increased 1.1% beating the consensus estimate of 0.9% as the economy recovered from a weather depressed start to the year.

  • Citigroup reports Q1 EPS ex CVA/DVA $1.30, consensus $1.14. Reports Q1 revenue $20.12B, consensus $19.37B.

  • Business Inventories for the month of February came in at 0.4% the same as the previous period but slightly less than the consensus.

  • Pro-Russian armed separatists in several cities in eastern Ukraine have ignored a deadline from Ukraine's government to disarm, and vacate administrative buildings and other positions they've taken up. Ukraine, which blames Russia for the escalating tension, has...
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Apr 11 2014 | 10:16 AM

From The Trading Floor: The markets are trading in negative territory this morning following on from yesterday’s drop as JP Morgan’s earnings results fueled concern that corporate earnings will be weak.



  • Producer Prices in the US. rose more than forecast in March, led by the biggest gain in the cost of services in 4 years. PPI for March rose 0.5%

  • April University of Michigan Consumer Sentiment rose to 82.6 from 80 a month earlier

  • Zoe’s Kitchen (ZOES) priced 5.8 million shares at $15. The opening print was $25.65 on a print of 1,101,879 shares.

  • Farmland Partners (FPI) priced 3.8 million shares at $14. The opening print was $13.75 on 201,000 shares.

  • Enable Midstream Partners (ENBL) priced 25 million shares at $20. The opening print was $21.50 on 2,728,478 shares.

  • Japan's Cabinet has approved a controversial plan to reinstate nuclear energy as an important source of electricity,...
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