Daily Data Flow
ECB President Says Money-Market Rates Too High
ECB President Says Money-Market Rates Too High (Reuters) In anticipation of U.S. Federal Reserve tapering, bank-to-bank borrowing costs have risen. The European Central Bank (ECB) last week issued forward guidance that it could lower its own key interest rates, in order to counteract this rise. “The short-term money market rates at some point in time […]
Stocks Rise as Syria Fears Diminish
Stocks rose as relieved investors reacted to the decreasing possibility of a major military strike against Syria, boosting the S&P 500 to a four-week peak.
Verizon’s Bond Blooms Big
Verizon priced a $49 billion bond offering today. This offering surpasses the combined price of the next three largest corporate bond offers in history.
Four-Year Low on Mortgage Activity as Borrowing Costs Rise
In the week ending Sept. 6, the Mortgage Bankers Association announced that their seasonally adjusted index of mortgage application fell to a level last reached in November 2008.
China, Syria Boost Stocks; Dow Jones Industrial Average Reshuffled; World Oil Supplies Adequate, per OPEC
Thanks to good data on China’s improving economy and fears about the Syria situation subsiding, stocks finished another session in the black, giving the S&P 500 its longest winning streak since July.
Chinese Exports Keep the S&P Rising; Koch Industries Will Acquire Electronic Components Maker Molex for $7.2 Billion; Japan’s Growth Stronger than Previously Reported; High-Speed-Trading about to Hit the Brakes
Positive export numbers released yesterday by China’s General Administration of Customs supported the S&P 500’s five-day upward trajectory.