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Inflation

Discussion in 'Forex Daily News & Outlook' started by MTnews, Nov 16, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for November 16, 2010

    Inflation

    Stocks tumbled at the open this morning as concerns of global inflation heightened. (Read more at Millennium-Traders.Com)

    Economic data released today:

    PPI (MoM):
    U.S. September PPI Unrevised at +0.4%; U.S. October Passenger Car Prices fell 3.0%; U.S. October PPI Energy Prices rose 3.7%; U.S. October PPI Crude Goods rose 4.3%; Core rose 2.1%; U.S. October PPI Intermediate Goods rose 1.2%; Core rose 0.6%; U.S. October PPI Excluding-Food & Energy fell 0.6%; Compared to Consensus of an increase by 0.1%; U.S. October Producer Prices rose 0.4%; Compared to Consensus of an increase by 0.9%.

    Redbook:
    U.S. Retail Sales First 2 Weeks of November rose 0.1% versus October; U.S. Retail Sales First 2 Weeks of November rose 2.7% versus November a Year-Ago; U.S. Retail Sales rose 2.7% Week Ended November 13 versus a Year Ago.

    TIC Net Long-Term Transactions:
    Net Foreign Long Term Securities Purchases $58.3B in September; Net Long Term Securities Purchases $81.0B in September; Net Foreign Capital Inflow $81.7B in September; Foreigners Net Buyers $78.3B U.S. Treasury Notes, Bonds in September; Foreigners Net Sellers $8.2B of U.S. Agency Debt in September; Foreigners Net Buyers $578.0M of U.S. Corp Bonds in September; Foreigners Net Buyers $20.7B of U.S. Equities in September;

    Capacity Utilization Rate:
    U.S. September Capacity Use Revised to 74.8% from 74.7%; U.S. October Capacity Utilization Unchanged at 74.8%; Compared to Consensus of 74.9%.

    Industrial Production (MoM):
    U.S. September Industrial Production Unrevised at -0.2%; U.S. October Industrial Production Unchanged; Compared to Consensus of an increase by 0.3%.

    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 177.78 points, EOD 11,024.19
    NYSE (New York Stock Exchange) shed 142.16, EOD 7,475.35
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 42.04 points, EOD 2,471.78
    S&P 500 (SPX) shed 18.57 points, EOD 1,179.18
    BEL 20 (BEL20) shed 46.37 points, EOD 2,608.06
    CAC 40 (CAC40) shed 101.77 points, EOD 3,762.47
    FTSE100 (UKX100) shed 138.51 points, EOD 5,681.90
    NIKKEI 225 (NIK/O) shed 30.41 points, EOD 9,797.10

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,625, declined stock prices 1,410, unchanged stock prices 93, stock prices hitting new highs 225 and stock prices hitting new lows 9. 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: DKS gain 3.60, HOD 34.18, LOD 31.73, EOD 33.51; AGQ shed 0.14, HOD 111.95, LOD 106.61, EOD 110.88; LVS shed 2.86, HOD 49.16, LOD 45.93, EOD 46.24; CRM shed 2.61, HOD 113.18, LOD 31.63, EOD 109.21; CME shed 2.90, HOD 291.89, LOD 285.54, EOD 286.65; WMT gain 0.31, HOD 55.35, LOD 54.24, EOD 54.26;

    MCP shed 1.34, HOD 33.68, LOD 31.19, EOD 31.86.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,475, declined stock prices 1,140, unchanged stock prices 166, stock prices hitting new highs 168 and stock prices hitting new lows 36. 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: AAPL shed 5.45, HOD 307.60, LOD 299.32, EOD 301.59; NFLX shed 2.90, HOD 169.23, LOD 163.57, EOD 165.40; FSLR shed 8.95, HOD 138.50, LOD 129.72, EOD 130.71; URBN gain 3.90, HOD 33.66, LOD 34.16, EOD 36.63; BIDU shed 5.20, HOD 109.17, LOD 103.11, EOD 103.60; URBN gain 3.90, HOD 36.66, LOD 34.16, EOD 36.63.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 234, declined stock prices 222, unchanged stock prices 41, stock prices hitting new highs 20 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) Mar 10: EOD 1175.75; Change -19.75
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,090.00; Change -43.75
    E-mini DOW $5 (YM) Mar 10: EOD 10,989; Change -163
    Nikkei 225 (Yen) Mar 10: EOD 9,700; Change -30

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7412 to U.S. Dollars 1.3500
    Japanese Yen 83.3350 to U.S. Dollars 0.0120
    British Pound 0.6297 to U.S. Dollars 1.5900
    Canadian Dollar 1.0224 to U.S. Dollars 0.9782
    Swiss Franc 0.9962 to U.S. Dollars 1.00

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (December 10) shed $2.52, EOD $82.34 per barrel ($US per barrel)
    Heating Oil (December 10) gain $0.06, EOD $2.31 a gallon ($US per gallon)
    Natural Gas (December 10) shed $0.27, EOD $3.82 per million BTU ($US per mmbtu.)
    Unleaded Gas (December 10) shed $0.03, EOD $2.16 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (December 10) shed $30.10, EOD $1,338.40 ($US per Troy ounce)
    Silver (December 10) shed $0.85, EOD $25.23 ($US per Troy ounce)
    Platinum (January 11) shed $40.10, EOD $1,645.70 ($US per Troy ounce)
    Copper (December 10) shed $0.19, EOD $3.73 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (December 10) shed $1.40, EOD $74.62
    Pork Bellies (February 11) unchanged, EOD $104.50
    Live Cattle (December 10) shed $0.72, EOD $102.10
    Feeder Cattle (January 11) shed $0.22, EOD $114.82

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (December 10) shed $29.00, EOD $540.00
    Soybeans (January 11) shed $66.75, EOD $1,219.75

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

    Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

    Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

    Thanks for reading
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