Brexit uncertainty may pose threat to EU economy, Germany's Schaeuble says Jun 29, 2016 11:06AM

BERLIN (Reuters) - Britain's decision to leave the European Union may have a knock-on effect for the rest of the EU and long-term uncertainty over Brexit poses a threat to the entire region's economy, German Finance Minister Wolfgang Schaeuble said on Wednesday.

The EU's leaders held their first meeting without Britain on Wednesday, as they face years of uncertainty while they negotiate the British withdrawal after last week's vote.

Asked... (continue reading...)


UPDATE: Crude Inventory -4.05M Barrels vs -2.2M Expected Jun 29, 2016 10:32AM (Updated - June 29, 2016 10:32 AM EDT)
  • Crude Inventory -4.05M Barrels vs -2.2M Expected
  • Gasoline Inventory 1.37M Barrels vs -325K Expected

U.S. crude oil refinery inputs averaged 16.7 million barrels per day during the week ending June 24, 2016, 190,000 barrels per day more than the previous week’s average. Refineries operated at 93.0% of their operable capacity last week. Gasoline production decreased last week, averaging about 10.0 million barrels per day. Distillate... (continue reading...)


Pending Home Sales (May MoM) -3.7% vs -1.1% Expected Jun 29, 2016 10:00AM

Pending Home Sales (May MoM) -3.7% vs -1.1% Expected

Following results traders are watching:

D.R. Horton, Inc. (NYSE: DHI)Pulte Group (NYSE: PHM)KB Home (NYSE: KBH)Lennar Corp. Cl A (NYSE: LEN)Hovnanian Enterprises Inc. Cl A (NYSE: HOV)Standard Pacific Corp. (NYSE: SPF)Toll Brothers, Inc. (NYSE: TOL)Ryland Group, Inc. (NYSE: RYL)Meritage Homes Corp. (NYSE: MTH)Beazer Homes USA, Inc. (NYSE: BZH)SPDR S&P Homebuilders ETF (NYSE: XHB)


U.S. consumer spending rises, Brexit casts shadow on outlook Jun 29, 2016 08:41AM

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. consumer spending rose for a second straight month in May on increased demand for automobiles and other goods, but there are fears Britain's vote to leave the European Union could hurt confidence and prompt households to cut back on consumption.

Wednesday's fairly strong report released by the Commerce Department pointed to an acceleration in economic growth in the second quarter.

... (continue reading...)


Personal Income (May) 0.2% vs 0.3% Expected; Spending 0.4% vs 0.4% Expected Jun 29, 2016 08:30AM

Personal Income (May) 0.2% vs 0.3% Expected; Spending 0.4% vs 0.4% Expected


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Jun 29, 2016 07:00AM MBA Mortgage Applications -2.6% vs 2.9% Prior
Jun 29, 2016 06:43AM German inflation picks up in June, state data suggest
Jun 28, 2016 04:35PM API Crude Inventory Declines 3.9M Barrels
Jun 28, 2016 10:00AM Consumer Confidence rose to 98.0 from 92.4 in June
Jun 28, 2016 09:06AM Increase in U.S. home prices slows in April
Jun 28, 2016 09:00AM S&P/ Case-Shiller 20-City Index (MoM) 0.45% vs 0.58% Expected
Jun 28, 2016 08:41AM U.S. first-quarter GDP revised up, Brexit risk to outlook
Jun 28, 2016 08:30AM GDP Annualized (Q1 T) 1.1% vs 1% Expected
Jun 27, 2016 10:31AM Dallas Fed Manf. Activity -18.3 vs -15 Expected
Jun 27, 2016 09:45AM Markit US Services PMI (June P) 51.3 vs 52 Expected; Composite PMI 51.2
Jun 27, 2016 08:33AM Advance Goods Trade Balance -$60.6B vs -$59.5B Expected
Jun 27, 2016 07:53AM EU commissioner sees 15 percent fall in EU budget post-Brexit
Jun 27, 2016 06:02AM Pre-open market-options summary
Jun 26, 2016 08:48PM Goldman sees post-Brexit UK recession; cuts EU, U.S. growth views
Jun 24, 2016 11:26AM UK 'Leave' vote deflates hopes for U.S.-EU trade deal
Jun 24, 2016 10:00AM U of M Sentiment (June F) 93.5 vs 94.1 Expected
Jun 24, 2016 09:32AM Obama says he respects Britain's decision to leave EU
Jun 24, 2016 08:46AM U.S. business spending weak in May, Brexit seen adding more pressure
Jun 24, 2016 08:40AM Britain could face recession, BoE to ease policy: Reuters poll
Jun 24, 2016 08:31AM Durable Goods (May P) -2.2% vs -0.5% Expected; Ex-Trans -0.3% vs 0.1%
Jun 24, 2016 07:47AM Nomura's Baseline is U.K. Recession Following Brexit
Jun 24, 2016 06:56AM Brexit vote adds to uncertainty over global economy, impact won't be seen soon
Jun 24, 2016 06:15AM Brexit' shock more bad news for Japan PM's stumbling 'Abenomics'
Jun 23, 2016 11:00AM Kansas City Fed Manf. Activity 2 vs -5 Prior
Jun 23, 2016 10:32AM UPDATE: Natural Gas Inventory +62 bcf vs +59 bcf Expected
Jun 23, 2016 10:00AM Leading Index (May) -0.2% vs 0.1% Expected
Jun 23, 2016 10:00AM New Home Sales 551K vs 560K Expected
Jun 23, 2016 09:45AM Markit Manufacturing PMI 51.4 vs 50.9 Expected
Jun 23, 2016 08:30AM Chicago Fed Nat Activity Index -0.51 vs 0.11 Expected
Jun 23, 2016 08:30AM Initial Jobless Claims 259K vs 270K Expected
Jun 22, 2016 10:33AM UPDATE: Crude Inventory -917K Barrels vs -1.29M Expected
Jun 22, 2016 10:00AM Existing Home Sales 5.53M vs 5.55M Expected
Jun 22, 2016 09:01AM FHFA House Price Index (Apr MoM) 0.2% vs 0.6% Expected
Jun 22, 2016 07:00AM MBA Mortgage Applications 2.9% vs -2.4% Prior
Jun 17, 2016 12:00PM N.Y. Fed lowers U.S. second quarter, third quarter U.S. GDP growth forecasts
Jun 17, 2016 08:30AM Housing Starts (May) 1164K vs 1150K Expected; Building Permits 1138K vs 1145K
Jun 16, 2016 10:30AM Natural Gas Inventory +69 bcf vs +66 bcf Expected
Jun 16, 2016 10:00AM NAHB Housing Market Index 60 vs 59 Expected
Jun 16, 2016 08:35AM Rising rents, healthcare costs support U.S. underlying inflation
Jun 16, 2016 08:31AM Current Account Balance -$124.7B vs -125b
Jun 16, 2016 08:30AM Philadelphia Fed 4.7 vs 1 Expected
Jun 16, 2016 08:30AM Initial Jobless Claims 277K vs 270K Expected
Jun 16, 2016 08:30AM CPI (May MoM) 0.2% vs 0.3% Expected; Ex-Food & Energy 0.2% vs 0.2%
Jun 15, 2016 04:00PM Net Long-Term TIC Flows (APR) -$79.6B vs $78.1B Prior
Jun 15, 2016 10:32AM Crude Inventory -933K Barrels vs -2.14M Expected
Jun 15, 2016 09:15AM Industrial Production (May MoM) -0.4% vs -0.2% Expected
Jun 15, 2016 08:39AM Slumping autos weigh on U.S. manufacturing output; inflation tame
Jun 15, 2016 08:31AM Empire Manufacturing (Jun) 6.01 vs -4.9 Expected
Jun 15, 2016 08:30AM PPI Final Demand (MoM) 0.4% vs 0.3% Expected; Ex-Food and Energy 0.3% vs 0.1%
Jun 15, 2016 07:00AM MBA Mortgage Applications -2.4% vs 9.3% Prior
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