Archive for October, 2009
Tuesday, October 27th, 2009
US equities are mixed in this morning’s future session after shares fell more than 1% on Monday. S&P 500 and Dow futures are each looking slightly up, but futures on the Nasdaq are slightly lower.
Yesterday stocks fell in the absence of fresh economic data, but today should be ...(read ...
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Monday, October 26th, 2009
Eight trading days have passed since the Dow crossed 10,000 for the first time in over a year. Yet mixed data and third-quarter earnings since then have caused equities to dance around the psychological threshold. On Friday the Dow closed at 9,972; heading into the week futures are pointing slightly ...
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Friday, October 23rd, 2009
Freddie Mac released their activity summary today. This data reports on monthly and year-to-date activity for Freddie Mac's Total Mortgage, Retained and Total PC portfolios. It also contains monthly delinquency rates and interest rate risk sensitivity disclosures....(read more)
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Friday, October 23rd, 2009
Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008.
Overall, today's release indicated continued progress in the stabilization of the housing market. However ...
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Friday, October 23rd, 2009
The House Financial Services Committee passed the Consumer Financial Protection Act on Thursday. The legislation will consolidate regulation of financial institutions into a single agency....(read more)
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Friday, October 23rd, 2009
Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for the housing market and look for headlines coming from Ben Bernanke and Co. speaking at day three of the Boston Fed’s conference in Cape Cod.
The ...
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Thursday, October 22nd, 2009
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program ...
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Thursday, October 22nd, 2009
This data set tracks new filings for unemployment insurance benefits and the number of Americans who continue to receive state unemployment benefits (called continuing claims or insured unemployment). The fact that this data is released on a weekly basis makes it very appealing to traders and economists as it provides ...
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Thursday, October 22nd, 2009
Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a deluge of earnings, a third day of sell-offs is looking probable as global markets are bleeding red across the board.
Shares in China and Japan fell 0.62% ...
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Wednesday, October 21st, 2009
The Senate Banking Committee held a hearing on Tuesday as part of its consideration of a proposal to extend the November 30 end date of the homebuyers' tax credit and possibly extend it beyond first-time buyers....(read more)
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