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Proprietary Trading Morning Market Update June 18 2013

Top Stock News

U.S. Stocks Rise Amid Housing Starts Data, Fed Meeting. U.S. stocks rose, with the Standard & Poor's 500 Index advancing for a second day, as housing starts climbed in May and investors awaited the outcome of a Federal Reserve policy meeting.

Top Economic News:

Obama Says Bernanke Has Been at Fed 'Longer Than He Wanted'. President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post "longer than he wanted," one of the clearest signals the central bank chief will leave when his current term expires next year.

U.S. Equities Gain While Yen, Treasuries Drop Before Fed. U.S. stocks climbed for a second day while the yen weakened as investors awaited clues from the Federal Reserve about its plans for monetary stimulus. U.S., U.K. and German government bonds dropped while European equities were little changed. The Swiss franc strengthened.

Proprietary Trading Economic Calendar:

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

18-Jun

8:30 AM

CPI

May

0.10%

0.30%

0.20%

-0.40%

-

18-Jun

8:30 AM

Core CPI

May

0.20%

0.10%

0.10%

0.10%

-

18-Jun

8:30 AM

Housing Starts

May

914K

925K

950K

856K

853K

18-Jun

8:30 AM

Building Permits

May

974K

975K

983K

1005K

1017K

Proprietary Trading Earnings Announcements:

Company

Symbol

EPS

Time

Add to My

Conference

Estimate*

Calendar

Call

Adobe Systems Inc

ADBE

0.34

After Market Close

Add

 

Aragon AG

A8A.F

N/A

Time Not Supplied

Add

 

Chemring Group PLC

CHG.L

N/A

Before Market Open

Add

 

China Cord Blood Corp

CO

0.02

After Market Close

Add

Listen

Daisy Group PLC

DAY.L

N/A

Before Market Open

Add

 

FactSet Research Systems Inc

FDS

1.15

Before Market Open

Add

 

First Derivatives PLC

FDP.L

N/A

Before Market Open

Add

 

Jpmorgan European Investment Trust PLC

JETI.L

N/A

Before Market Open

Add

 

La-Z-Boy In

LZB

0.28

After Market Close

Add

 

Perfumania Holdings Inc

PERF

N/A

Time Not Supplied

Add

 

Phoenix Companies Inc

PNX

2.09

Time Not Supplied

Add

 

Prosten Technology Holdings Ltd

8026.HK

N/A

Time Not Supplied

Add

 

Royal Imtech NV

IM.AS

N/A

Time Not Supplied

Add

Listen