mars 25 2014 | 10:23 AM

From The Trading Floor: Stocks are trading in the green this morning buoyed by rising new home sales / prices and consumer confidence



  • Residential real estate prices climbed at a slower pace (13.2%) in the year through January than the month earlier indicating momentum in the housing market may be cooling.

  • Consumer Confidence for the month of March rose to 82.3 from 78.3 the previous period

  • Manufacturing in the Richmond Fed district declined by -7, more than expected

  • New Home Sales for February slipped a little to 440.000 from a revised 455,000 the previous period.

  • House and Senate energy committees are due to hold hearings today over whether the U.S. should ease the restrictions on the export of liquefied natural gas. The issue has received heightened attention due to the Ukraine crisis, as increased exports would help Europe cut its reliance on Russian gas.

  • Disney has agreed...
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mars 24 2014 | 10:07 AM

From The Trading Floor: Equities are trading in mixed  territory this morning, trying to extend the climb from Friday as investors remain optimistic about the U.S. economy.



  • February Chicago Fed national index rose to 0.14 from a revised -0.45 the period before

  • The Markit Economics preliminary index of US. manufacturing decreased to 55.5 in March from 57.1 a month earlier. A reading above 50 indicates expansion.

  • Chinese factory activity has contracted for the fifth straight month in March, with flash manufacturing PMI slipping to 48.1 from 48.5 in February and missing consensus of 48.7. "Weakness is broadly based with domestic demand softening further," says HSBC.

  • Eurozone business activity has cooled slightly this month, the flash composite PMI slipping to 53.2 from 53.3 in February but topping consensus of 52.6. France's business activity surprisingly returned to growth

  • Resistance...
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mars 21 2014 | 9:56 AM

From The Trading Floor: Stocks are trading well into the green this morning, poised for a weekly gain ahead of some select index rebalancing and a quad witch expiration that is expected to be large



  • Fitch has raised the U.S.'s outlook to "stable" while affirming the country's AAA rating, citing the suspension of the debt limit last month and strong fiscal consolidation as reasons for the move.

  • 29 of 30 Banks passed the most recent stress tests with Zions Bancorp falling a bit short

  • Nike's FQ3 earnings beat consensus as the company enjoyed rising sales in China and Western Europe, while it also said orders have soared ahead of this summer's soccer World Cup. Guidance has them trading down this morning.

  • The cost of implementing the Volcker Rule could vary from $413M to $4.3B for banks supervised by the Office of the Comptroller of the Currency, an OCC study calculates, as the regulations force banks to sell...
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mars 20 2014 | 10:19 AM

From The Trading Floor: Equities are trading mixed to positive this morning as the effects of Janet Yellen's suggestion of a sooner-than-expected rate hike the prior session is measured against economic reports on employment and housing.



  • The number of Americans filing applications for unemployment benefits last week increased by 5000 to 320,000

  • The Fed is due to release the results of its annual stress test on 30 banks today, with most expected to pass

  • Americans were most pessimistic on the outlook for the economy in March than at any time in the past 4 months

  • February home sales in the U.S. fell to a 4.60 million rate

  • The Index of Leading Indicators rose 0.5% in February, a sign the world’s largest economy will strengthen after the weather induced slowdown

  • Q2 Holdings priced 7.7 million shares at $13.00. The opening print was $16.25 on 1,584,231 shares.

  • Ukraine...
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