What to Watch
WASHINGTON DAY WATCH: Filings to Shed Light on Campaign Coffers
WASHINGTON DAY WATCH: Filings to Shed Light on Campaign Coffers It’s fundraising Friday. At the FEC, the presidential campaigns and super-PACs must file statements detailing the amounts they raised and spent in March. Don’t get caught up in the hype. Lack of money to get their message out won’t be among the morning-after reasons cited [...]
U.S. RATES/CREDIT/FX DAY WATCH: 3-Yr Sale, Inventories, Fed Speak
U.S. RATES/CREDIT/FX DAY WATCH: 3-Yr Sale, Inventories, Fed Speak Treasuries steady, with 10- and 30- yr debt holding gains spurred by Friday’s weaker-than- forecast payrolls report. Spain 10-yr yields 5.88%, highest since Dec. 12. European and Asian stocks fall; U.S. equity-index futures gain. Energy complex lower. * Alcoa is the first Dow component to report [...]
WASHINGTON DAY WATCH: FCC to Unveil Stolen Smartphones Agreement
WASHINGTON DAY WATCH: FCC to Unveil Stolen Smartphones Agreement FCC Chairman Julius Genachowski plans to announce that mobile carriers led by Verizon Wireless and AT&T Inc. have agreed to disable smartphones that are reported stolen to help stem an increase in device thefts. U.S. Housing regulator Edward DeMarco may release an analysis that shows Treasury’s [...]
U.S. DAY WATCH: Alcoa, WASDE, Wholesale Inventories, IMF, Chevron
U.S. DAY WATCH: Alcoa, WASDE, Wholesale Inventories, IMF, Chevron European, Asian stocks fell after China’s imports missed economists’ forecasts and Fed chairman Ben Bernanke said U.S. economy hasn’t fully recovered. U.S. index futures higher. Economic data include wholesale inventories, small business optimism. WHAT TO WATCH: (All times ET) * Alcoa is the first Dow component [...]
U.S. RATES/CREDIT/FX DAY WATCH: Bernanke Speech; Fed Selling TIPS
U.S. RATES/CREDIT/FX DAY WATCH: Bernanke Speech; Fed Selling TIPS Treasuries steady; 10-yr yields slid 12bps Friday after weaker than forecast nonfarm payrolls report. Asia equity indexes lower; U.K. and Europe closed for holiday; U.S. stock-index futures decline. Energy complex lower. * Bernanke, Yellen, Dudley, Lockhart and Bullard are among this week’s Fed speakers * China’s [...]
WASHINGTON DAY WATCH: Obama Meets With Brazil’s President Rousseff
WASHINGTON DAY WATCH: Obama Meets With Brazil’s President Rousseff President Obama is looking for opportunities for U.S. businesses to help Brazil prepare for the 2014 World Cup and 2016 summer Olympics when he meets with Brazilian President Dilma Rousseff at the White House on her first visit to Washington since taking office 15 months ago. [...]
U.S. DAY WATCH: Bernanke, AT&T/CWA, Sony, Great Wolf, Greenbrier
U.S. DAY WATCH: Bernanke, AT&T/CWA, Sony, Great Wolf, Greenbrier Asian markets, U.S. stock-index futures dropped, yen strengthened to a 1-mo. high against the dollar, oil slumped after U.S. payrolls report missed estimates last week. Ben Bernanke speaks on economic stability at Atlanta Fed conference. WHAT TO WATCH: * AT&T says talks with CWA continue after [...]
U.S. RATES/CREDIT/FX DAY WATCH: Nonfarm Payrolls, Unemployment
U.S. RATES/CREDIT/FX DAY WATCH: Nonfarm Payrolls, Unemployment Treasuries steady before report forecast to show U.S. economy added 205k jobs in March and unemployment rate held at 8.3%. * Wells Fargo’s John Silvia says year-over-year hourly earnings decline, slower pace of income growth suggests many of jobs being created are lower-paying * European markets, U.S. stocks [...]
WASHINGTON DAY WATCH: Obama Signs Jobs Act, Easing Business Rules
WASHINGTON DAY WATCH: Obama Signs Jobs Act, Easing Business Rules President Barack Obama signs the “Jumpstart Our Business Startups” Act, which eases SEC rules for closely held and newly public companies. Weekly jobless claims probably remained near a four-year low, bolstering consumer sentiment, economists said before a Labor Dept. report at 8:30am. Treasury Secretary Tim [...]
U.S. RATES/CREDIT/FX DAY WATCH: EU Spreads Widen; Jobless Claims
U.S. RATES/CREDIT/FX DAY WATCH: EU Spreads Widen; Jobless Claims Treasuries gain as EU peripheral spreads widen, euro slides vs major counterparts while Swiss franc breaches 1.20 level. Europe stocks drop for third day, U.S. index futures lower; gold, brent and WTI higher * Spain/German 10-yr spread breaks above 400bps; French/German spread at two-month high after [...]
