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Consumer Spending

Discussion in 'Forex Daily News & Outlook' started by MTnews, Mar 28, 2011.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for March 28, 2011

    Consumer Spending

    Stocks were making modest gains early in the session after the latest report on consumer spending came in better than expected. (Read more at http://www.millennium-traders.com/news/ConsumerSpending.aspx )

    Economic data released today:

    Core PCE Price Index:
    February PCE Price Index rose 0.4% Rate on Month; rose 1.6% on Year; February PCE Core Price Index rose 0.2% Rate on Month; rose 0.9% on Year.

    Personal Income:
    January Personal Income Revised to +1.2% from +1.0%; U.S. Personal Income rose 0.3% in February; Compared to Consensus of an increase by 0.4%.

    Personal Spending:
    U.S. Personal Spending rose 0.7% in February; Compared to Consensus of an increase by 0.6%; January Spending Revised to rise 0.3% from +0.2%.

    Pending Home Sales:
    U.S. February Pending Home Sales fell 8.2% from February 2010; U.S. Pending Home Sales Index rose 2.1% to 90.8 in February.

    Dallas Fed March Business Activity 11.5 versus February 17.5; Dallas Fed March Manufacturing Production Index 24.1 versus February 9.7.

    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 18.89 points, EOD 12,201.70
    NYSE (New York Stock Exchange) shed 24.12, EOD 8,297.66
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 11.98 points, EOD 2,731.08
    S&P 500 (SPX) shed 2.71 points, EOD 1,311.09
    BEL 20 (BEL20) gain 1.90 points, EOD 2,658.67
    CAC 40 (CAC40) gain 4.57 points, EOD 3,976.95
    FTSE100 (UKX100) gain 3.73 points, EOD 5,904.49
    NIKKEI 225 (NIK/O) shed 57.60 points, EOD 9,478.53

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,296, declined stock prices 1,812, unchanged stock prices 98, stock prices hitting new highs 116 and stock prices hitting new lows 21. 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: CF shed 4.14, HOD 132.86, LOD 127.67, EOD 127.96; MCP gain 1.16, HOD 57.40, LOD 53.60, EOD 55.63; AGQ shed 2.31, HOD 219.85, LOD 212.74, EOD 212.74; MAR shed 2.36, HOD 37.41, LOD 34.95, EOD 35.30; CME gain 0.03, HOD 298.18, LOD 294.57, EOD 295.89; IOC shed 0.49, HOD 75.81, LOD 74.71, EOD 74.84.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,128, declined stock prices 1,540, unchanged stock prices 124, stock prices hitting new highs 113 and stock prices hitting new lows 25. 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: NFLX gain 7.28, HOD 241.30, LOD 233.34, EOD 237.29; EBIX shed 2.12, HOD 25.25, LOD 21.26, EOD 21.36; APKT gain 1.72, HOD 71.48, LOD 67.00, EOD 69.84.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 209, declined stock prices 276, unchanged stock prices 36, stock prices hitting new highs 9 and stock prices hitting new lows 4.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1307.50; Change -2.75
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,303.50; Change -13.50
    E-mini DOW $5 (YM) Mar 10: EOD 12,152; Change -18
    Nikkei 225 (Yen) Mar 10: EOD 9360; Change -40

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7096 to U.S. Dollars 1.41
    Japanese Yen 81.7150 to U.S. Dollars 0.0122
    British Pound 0.6249 to U.S. Dollars 1.6000
    Canadian Dollar 0.9764 to U.S. Dollars 1.02
    Swiss Franc 0.9172 to U.S. Dollars 1.09

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (May 11) shed $1.42, EOD $103.98 per barrel ($US per barrel)
    Heating Oil (May 11) shed $0.03, EOD $3.04 a gallon ($US per gallon)
    Natural Gas (April 11) shed $0.02, EOD $4.37 per million BTU ($US per mmbtu.)
    Unleaded Gas (May 11) shed $0.02, EOD $3.03 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (April 11) shed $6.30, EOD $1,419.90 ($US per Troy ounce)
    Silver (May 11) gain $0.03, EOD $37.09 ($US per Troy ounce)
    Platinum (April 11) gain $2.20, EOD $1,747.80 ($US per Troy ounce)
    Copper (May 11) shed $0.06, EOD $4.35 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (June 11) shed $0.50, EOD $103.20
    Pork Bellies (March 11) gain $3.00, EOD $126.00
    Live Cattle (June 11) shed $0.75, EOD $117.00
    Feeder Cattle (August 11) gain $0.37, EOD $138.90

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (May 11) shed $18.50, EOD $671.00
    Soybeans (May 11) shed $9.75, EOD $1,348.50

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