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Market News Recap


Friday's News Recap: Canada Avoids Recession in Q2, U.S. Personal Income Falls
News Recap |  Written by CEP News |  Aug 29 08 20:26 GMT | 
(CEP News) - The main releases of the day included Canadian GDP figures, which showed the country managed to skirt a technical recession in the second quarter, and the Personal Consumption and Expenditure report in the U.S., which came mostly in line with expectations. The Chicago Purchasing Managers Index delivered the main surprise of the day, coming in significantly higher than expected in August.
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Midday News Recap: Canadian Economy Avoids Technical Recession, U.S. PCE in Line
News Recap |  Written by CEP News |  Aug 29 08 15:43 GMT | 
(CEP News) - It was a busy morning with the release of second-quarter GDP data, which showed Canada managed to skirt a technical recession, while the Personal Consumption and Expenditure report in the U.S. came mostly in line with expectations. The Chicago Purchasing Managers Index was the main surprise of the morning, coming in significantly higher than expected in August.
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Overnight News Recap: EU Flash CPI Falls Sharply, Jpn Embarks on ¥11.7T Stimulus
News Recap |  Written by CEP News |  Aug 29 08 10:45 GMT | 
(CEP News) - A surprisingly strong decline in Eurostat's flash CPI estimate for the euro zone, coupled with a weaker business climate index and a slightly stronger consumer confidence index highlighted the European economic session. In the Asia-Pacific region, Japanese markets received higher-than-expected national CPI, industrial production and retail sales, coupled with a government announcement of a ¥11.7 trillion stimulus package.
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Overnight News Recap: EU Flash CPI Falls Sharply, Jpn Embarks on ¥11.7T Stimulus
News Recap |  Written by CEP News |  Aug 29 08 10:45 GMT | 
(CEP News) - A surprisingly strong decline in Eurostat's flash CPI estimate for the euro zone, coupled with a weaker business climate index and a slightly stronger consumer confidence index highlighted the European economic session. In the Asia-Pacific region, Japanese markets received higher-than-expected national CPI, industrial production and retail sales, coupled with a government announcement of a ¥11.7 trillion stimulus package.
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Thursday's News Recap: U.S. Q2 GDP Revised Up, U.S. Continuing Jobless Claims Up
News Recap |  Written by CEP News |  Aug 28 08 20:29 GMT | 
(CEP News) - The key economic data releases on Thursday were again centred in the United States, where it was announced the economy grew faster in the second quarter than was initially reported, according to preliminary GDP data. Weekly U.S. jobless claims were also released, along with natural gas storage data.
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Midday News Recap: U.S. Q2 GDP Revised Up, U.S. Continuing Jobless Claims Up
News Recap |  Written by CEP News |  Aug 28 08 15:38 GMT | 
(CEP News) - The U.S. economy grew faster in the second quarter than was initially reported, according to the preliminary GDP data released Thursday. The other key release out of the U.S. was weekly jobless claims, which saw initial claims fall back as continuing claims continued to rise. U.S. natural gas storage data was also released.
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Overnight News Recap: Upbeat GE Empl, Grim UK CBI Trade Report, Eyes on Gustav
News Recap |  Written by CEP News |  Aug 28 08 10:18 GMT | 
(CEP News) - An upbeat employment report from Germany and declining M3 money supply highlighted the overnight session in Europe as UK markets received another grim distributive trades report from the Confederation of British Industry. Also in focus on Thursday is Tropical Storm Gustav, which threatens to turn into the worst storm to strike the Gulf of Mexico in three years.
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Wednesday's News Recap: U.S. Durable Goods Upbeat, Markets Brace for Gustav
News Recap |  Written by CEP News |  Aug 27 08 21:15 GMT | 
(CEP News) - The U.S. durable goods report for July surprised to the upside on Wednesday, while an unexpected decline in crude inventories was reported by the Energy Information Administration. Meanwhile, markets are keeping a watchful eye on Tropical Storm Gustav, which threatens to take aim at oil production facilities in the Gulf of Mexico.
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Midday News Recap: U.S. Durable Goods Report Upbeat, Crude Supplies Fall
News Recap |  Written by CEP News |  Aug 27 08 16:32 GMT | 
(CEP News) - Markets received some positive news on Wednesday in the form of the U.S. durable goods report for July, which surprised to the upside. An unexpected decline in crude inventories was reported by the Energy Information Administration, while Atlanta Fed President Dennis Lockhart spoke at an economic outlook conference.
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Overnight News Recap: Regional GE CPIs; ECB Speakers Says Rates on Hold in 2008
News Recap |  Written by CEP News |  Aug 27 08 10:49 GMT | 
(CEP News) - Falling regional German consumer prices were the focus of Wednesday's events along with comments from European Central Bankers suggesting rates will remain on hold in 2008 and that a rate cut down the road was not certain. Oil prices are also high on fears of Hurricane Gustav gaining strength.
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Tuesday's News Recap: US Consumer Confidence, Housing Data Upbeat; FOMC Minutes
News Recap |  Written by CEP News |  Aug 26 08 21:29 GMT | 
(CEP News) - Markets received a flurry of U.S. economic data on Tuesday, including a higher-than-expected consumer confidence reading in August and an increase in July new home sales reported by the Department of Commerce. In the afternoon, markets received minutes from the FOMC's Aug. 5 meeting, as well as comments from Bank of Canada Deputy Governor David Longworth.
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Midday News Recap: U.S. Consumer Confidence Rises, Upbeat Signs in Housing Data
News Recap |  Written by CEP News |  Aug 26 08 16:21 GMT | 
(CEP News) - Markets received a flurry of U.S. economic data, including a higher-than-expected consumer confidence reading in August and an increase in July new home sales reported by the Department of Commerce. Economists say U.S. data released today may point to a stabilization in the housing sector.
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Overnight News Recap: Sharp Falls in German Ifo, Consumer Confidence
News Recap |  Written by CEP News |  Aug 26 08 10:12 GMT | 
(CEP News) - Germany held the focus of the overnight economic news with the Ifo business climate index posting a sharp decline in August, adding to the negative sentiments of negative growth in the second quarter, and a falling in consumer confidence data as calculated by GfK. In the UK, mortgage approvals rebounded in July, and in Japan, corporate services prices rebounded.
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Overnight News Recap: German Ifo and Consumer Confidence Fall Sharply
News Recap |  Written by CEP News |  Aug 26 08 10:12 GMT | 
(CEP News) - Germany held the focus of the overnight economic news with the Ifo business climate index posting a sharp decline in August, adding to the negative sentiments of negative growth in the second quarter, and a falling in consumer confidence data as calculated by GfK. In the UK, mortgage approvals rebounded in July, and in Japan, corporate services prices rebounded.
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Overnight News Recap: German Consumer Confidence and Ifo index Fall Sharply
News Recap |  Written by CEP News |  Aug 26 08 10:12 GMT | 
(CEP News) - Germany held the focus of the overnight economic news with the Ifo business climate index posting a sharp decline in August, adding to the negative sentiments of negative growth in the second quarter, and a falling in consumer confidence data as calculated by GfK. In the UK, mortgage approvals rebounded in July, and in Japan, corporate services prices rebounded.
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Monday's News Recap: U.S. Stocks Fall Sharply Despite Rise in U.S. Existing Home Sales
News Recap |  Written by CEP News |  Aug 25 08 20:56 GMT | 
(CEP News) - Although there were some significant movements in North American equity markets, there was relatively little in the way of scheduled economic data releases aside from a better-than-expected U.S. existing home sales report for July. Reuters reported earlier in the day that the International Monetary Fund has trimmed its world and euro zone growth forecasts.
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Midday News Recap: U.S. Existing Home Sales Rise, IMF Trims World Growth Outlook
News Recap |  Written by CEP News |  Aug 25 08 16:15 GMT | 
(CEP News) - The key economic release in North America Monday morning was U.S. existing home sales, which surprised to the upside in July, gaining 3.1% on the month. Also this morning, Reuters reported that the International Monetary Fund has trimmed its world and euro zone growth forecasts.
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Overnight News Recap: Central Bank Officials Meet to Discuss Financial Crisis
News Recap |  Written by CEP News |  Aug 25 08 10:31 GMT | 
(CEP News) - Central bank officials were busy over the weekend as they met in Jackson Hole, Wyoming to discuss solutions to the ongoing financial crisis. Meanwhile in Japan, markets received comments from Bank of Japan Governor Masaaki Shirakawa, who did not attend the meetings over the weekend.
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Friday's News Recap: Crude Oil Sells Off, Bernanke Says Growth to Fall Short
News Recap |  Written by CEP News |  Aug 22 08 21:17 GMT | 
(CEP News) - It was a relatively light day for scheduled economic releases, though a more than $6 drop in crude oil kept markets occupied. Earlier in the day, Fed chairmen Ben Bernanke delivered comments on economic growth and inflation, which some economists characterized as dovish. In Canada, the federal government announced a $1.7 billion surplus in June.
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Midday News Recap: Bernanke Vows to Control Prices, Canadian Budget Posts Surplus
News Recap |  Written by CEP News |  Aug 22 08 16:47 GMT | 
(CEP News) - Friday morning was relatively quiet for news releases, though Federal Reserve Chairman Ben Bernanke said the central bank will act as needed to control prices, and U.S. mass layoffs declined in July. In Canada, the federal government announced a $1.7 billion surplus in June.
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