From The Trading Floor: After the major indexes extended their records yesterday, equities are in mild decline this morning after data showed housing starts declined in October and ahead of the FOMC minutes to be released at 2:00 this afternoon
Mortgage Applications for the period ending 11/14 increased by 4.9%
Housing starts declined 2.8% from September to an annualized rate of 1.009 million units. September starts were revised higher to 1.038 million from 1.017 million and that single‐family starts in October jumped 4.2% to 696,000
Building Permits showed a 4.8% increase from September to an annualized rate of 1.080 million. The number of homes currently under construction increased 1.4% to 802,000.
Federal Reserve releases minutes at 2:00 from its most recent policy meeting that could yield clues on when and how the central bank will start its first rate hike cycle
Paramount Group (PGRE) priced 131 million shares at $17.50. The opening print was $18.49 on 9,617,840 shares.
Dollar General may have to divest more than 4,000 stores, more than double the 1,500 stores it said it was willing to sell, if it wants to gain regulatory approval to buy Family Dollar
Japanese stocks turned lower today as investors booked profits following Prime Minister Shinzo Abe's delayed tax hike
China and Russia have vowed to strengthen bilateral military co-operation and hold joint naval exercises to counter U.S. influence in the Asia-Pacific region
Resistance today looks to be at the 2058 / 2061 level with support at 2043 / 2046
