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Bank of America

Discussion in 'Forex Daily News & Outlook' started by MTnews, Oct 16, 2009.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for October 16, 2009

    Bank of America

    Stocks fell this morning after Bank of America, the nations largest bank posted worse than expected earnings. (Read more at Millennium-Traders.Com)

    Economic data released today:

    TIC [Treasury International Capital] Net Long-Term Transactions:
    Net Foreign LT Securities Purchases $13.0B in August; Net LT Securities Purchases $28.6B in August; Net Foreign Capital Inflow $10.2B in August; Foreigners Net Buyers $23.9B U.S. Treasury Notes, Bonds in August; Foreigners Net Buyers $5.2B of U.S. Agency Debt in August; Foreigners Net Sellers $6.6B of U.S. Corp Bonds in August; Foreigners Net Buyers $10.5B of U.S. Equities in August; August Net Foreign Sales of Long-Term U.S. Securities $13.0B.

    Capacity Utilization Rate:
    U.S. September Capacity Utilization rose 0.6-Point at 70.5%; compared to consensus of 69.8%; U.S. August Capacity Use Revised to 69.9% from 69.6%; U.S. August Capacity Use Unrevised at 69.6%.

    Industrial Production:
    U.S. September Industrial Production rose 0.7%; compared to consensus of an increase by 0.2%; U.S. August Industrial Production Revised to rise 1.2% from an increase by 0.8%; U.S. August Industrial Production Unrevised at +0.8%.

    University of Michigan Consumer Sentiment Index:
    5-Year Inflation Forecast rose 2.9%; compared to a September increase by 2.8%; Mid-October Sentiment came in at 69.4; compared to a September reading of 73.5; Mid-Oct Current Index came in at 72.1; compared to a September reading of 73.4; Mid-Oct Expectations came in at 67.6; compared to a September reading of 73.5; 12-Month Inflation Forecast rose 2.8%; compared to a September increase by 2.2%.

    At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
    DOW (Dow Jones Industrial Average) shed 74.74 points, EOD 9,988.20
    NYSE (New York Stock Exchange) shed 70.09, EOD 7,133.96
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 16.52 points, EOD 2,156.77
    S&P 500 (SPX) shed 9.04 points, EOD 1,087.52
    BEL 20 (BEL20) shed 6.25 points, EOD 2,578.14
    CAC 40 (CAC40) shed 56.23 points, EOD 3,827.60
    FTSE100 (UKX100) shed 32.71 points, EOD 5,190.24
    NIKKEI 225 (NIK/O) unchanged 246.77, EOD 9,731.87

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,070 declined stock prices 1,997, unchanged stock prices 100, stock prices hitting new highs 200 and stock prices hitting new lows 7. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CME gain 3.96, HOD 321.83, LOD 307.70, EOD 312.86; EDC shed 6.00, HOD 155.84, LOD 149.35, EOD 154.77; HRS gain 2.66, HOD 39.93, LOD 37.22, EOD 39.88; EL gain 1.99, HOD 42.64, LOD 40.85, EOD 41.11; ICE gain 7.59, HOD 106.25, LOD 99.00, EOD 105.84; AIG shed 1.41, HOD 44.60, LOD 42.60, EOD 43.20; FMX gain 0.98, HOD 46.77, LOD 43.77, EOD 45.82; POT gain 3.21, HOD 97.54, LOD 93.43, EOD 97.40; TPX gain 1.54, HOD 23.07, LOD 21.55, EOD 22.25; CYT gain 3.55, HOD 38.56, LOD 33.80, EOD 38.11; VMI shed 8.83, HOD 83.18, LOD 76.60, EOD 79.67; ELY shed 0.44, HOD 8.65, LOD 7.93, EOD 8.31; IBM shed 6.34, HOD 123.70, LOD 121.25, EOD 121.64; GS shed 4.26, HOD 187.65, LOD 183.38, EOD 184.37.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 864, declined stock prices 1,846, unchanged stock prices 136, stock prices hitting new highs 116 and stock prices hitting new lows 8. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: WYNN shed 0.61, HOD 65.76, LOD 63.27, EOD 64.37; QDEL shed 0.43, HOD 17.50, LOD 15.08, EOD 15.97; BIDU shed 4.11, HOD 403.81, LOD 395.45, EOD 395.79; TRGT gain 3.20, HOD 24.50, LOD 22.92, EOD 23.29; UFPI shed 2.93, HOD 40.74, LOD 36.10, EOD 38.19; ITRI shed 2.33, HOD 59.45, LOD 56.11, EOD 57.29; ISRG shed 3.90, HOD 257.75, LOD 253.26, EOD 255.43.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 278, declined stock prices 265, unchanged stock prices 38, stock prices hitting new highs 27 and stock prices hitting new lows 3.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Dec 09: EOD 1083.75; Change -6.00
    E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,737.00; Change -11.50
    E-mini DOW $5 (YM) Dec 09: EOD 9,938; Change -26
    E-mini S&P MidCap 400 (MF) Dec 09: EOD 707.20; Change -4.80
    Nikkei 225 (Yen) Dec 09: EOD 10,200; Change -105

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6718 U.S. Dollars 1.4886
    Japanese Yen 90.8500 to U.S. Dollars 0.0110
    British Pound 0.6116 to U.S. Dollars 1.6350
    Canadian Dollar 1.0385 to U.S. Dollars 0.9629
    Swiss Franc 1.0188 to U.S. Dollars 0.9815

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (November 09) gain $0.95, EOD $78.53 per barrel ($US per barrel)
    Heating Oil (November 09) gain $0.01, EOD $2.06 a gallon ($US per gallon)
    Natural Gas (November 09) gain $0.30, EOD $4.78 per million BTU ($US per mmbtu.)
    Unleaded Gas (November 09) gain $0.03, EOD $1.98 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (December 09) gain $0.90, EOD $1,051.50 ($US per Troy ounce)
    Silver (December 09) gain $0.01, EOD $17.42 ($US per Troy ounce)
    Platinum (January 09) shed $7.00, EOD $1,348.50 ($US per Troy ounce)
    Copper (December 09) shed $0.01, EOD $2.85 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (December 09) shed $0.38, EOD $54.10
    Pork Bellies (February 10) shed $0.40, EOD $81.85
    Live Cattle (December 09) gain $0.15, EOD $85.80
    Feeder Cattle (November 09) gain $0.53, EOD $95.13

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (December 09) shed $1.00, EOD $372.00
    Soybeans (November 09) shed $5.50, EOD $977.50

    BOND MARKET:
    2 year EOD 100 2/32, change -1/32, Yield 0.96, Yield change 0.02
    5 year EOD 100 4/32, change 5/32, Yield 2.34, Yield change -0.04
    10 year EOD 101 24/32, change 15/32, Yield 3.40, Yield change -0.06
    30 year EOD 104 11/32, change 1 3/32, Yield 4.24, change -0.06

    Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

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