Posted on February 16th, 2009 in TTN | No Comments »
European Market Update: European sovereign spreads rise on Eastern European concerns; Russian Industrial Production slumps
tradethenews.com
*** ECONOMIC DATA ***
- (SP) Swedish Dec House Transactions: -26.0 % v -35.6% prior
- (SW) Swedish Jan Avg House Prices: SEK1.924M v SEK1.789M prior
- (NO) Norwegian Jan Trade Balance: NOK v NOK28.9Be
- (TU) Turkey Jan Consumer Confidence: 71.6 v 69.9 prior
- (TU) Turkey Nov Unemployment Rate: 12.3% v 10.9% prior, highest since 2005
- (HU) Hungary Dec Final Industrial Output M/M: -15.1% v -14.6% prior; Y/Y: -23.3% v -23.3% prior
- (RU) Russia Industrial Production M/M: -19.9% v 3.8% prior; Y/Y: -16.0% v 12.0%e Read the rest of this entry »
Posted on February 13th, 2009 in TTN | No Comments »
US Market Update
tradethenews.com
Dow -152 S&P -15 NASDAQ -14
- The surprisingly positive US advanced retail sales data has failed to aid equity trade in the early going, as investors fix on the worsening unemployment numbers and uncertainty over bailout and stimulus plans. Although the 1.0% increase in retail sales was the biggest rise since November 2007, many are dismissing the uptick as a dead cat bounce fueled by panic discounting. And last week’s jobless claims data was revised to 631K, making it the highest reading since October 1982. To top it all off, the large than expected decline in December Business inventory data suggests more downside for the Q4 GDP revision set for Feb 27. Treasury markets are marginally higher on the soft equity action. The Long bond yield is sitting just below 3.5% ahead of this afternoon’s $14B 30-year auction results. Read the rest of this entry »