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Job Recovery

Discussion in 'Forex Daily News & Outlook' started by MTnews, Sep 2, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for September 2, 2010

    Job Recovery

    Wall Street investors remained cautious today as the latest news on job recovery did little to boost spirits. (Read more at Millennium-Traders.Com)

    Economic data released today:

    Initial Jobless Claims:
    U.S. August 21 Week Jobless Claims Revised to 478K from 473K; U.S. August 21 Week Continuing Claims fell 23K to 4,456,000; U.S. Jobless Claims fell 6K to 472K in August 28 Week; Compared to Survey of a decrease by 3K.

    Nonfarm Productivity (QoQ):
    U.S. 2Q Non-Farm Productivity Consensus fell 1.9%; U.S. 2Q Non-Farm Productivity Revised -1.8%, Preliminary -0.9%.

    Unit Labor Costs (QoQ):
    U.S. 1Q Unit Labor Costs Revised to -4.6%; U.S. 2Q Unit Labor Costs Consensus +1.1%; U.S. 2Q Unit Labor Costs Revised +1.1%, Preliminary +0.2%.

    Pending Home Sales (MoM):
    NAR Economist Says Affordability Should Help Housing Recover; U.S. July Pending Home Sales fell 19.1% from July 2009 – NAR; NAR Economist Thinks Home Sales Will be Soft in Months Ahead; Pending Home Sales Increase Marks First Rise in Three Months; U.S. Pending Home Sales Index rose 5.2% to 79.4 in July – NAR.

    Factory Orders (MoM):
    June Factory Orders Revised to -0.6% from -1.2%; July Durable Goods Revised to +0.4% from +0.3%; July Factory Orders, Excluding Defense, rose 0.2%; July Factory Orders, Excluding Transportation, fell 1.5%; U.S. Factory Orders rose 0.1% in July; Compared to Consensus of an increase by 0.2%.

    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) gain 50.48 points, EOD 10,319.95
    NYSE (New York Stock Exchange) gain 55.04, EOD 6,966.02
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain 21.99 points, EOD 2,198.83
    S&P 500 (SPX) gain 9.6 points, EOD 1,089.89
    BEL 20 (BEL20) gain 6 points, EOD 2,537.76
    CAC 40 (CAC40) gain 7.59 points, EOD 3,631.43
    FTSE100 (UKX100) gain 4.63 points, EOD 5,371.04
    NIKKEI 225 (NIK/O) triple digit gain 135.82 points, EOD 9,062.84

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 2,109, declined stock prices 932, unchanged stock prices 98, stock prices hitting new highs 167 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: ME shed 0.58, HOD 23.40, LOD 19.62, EOD 22.77; RIG shed 0.28, HOD 55.76, LOD 53.66, EOD 54.05; CRM gain 2.44, HOD 119.59, LOD 115.63, EOD 118.84; DLM shed 0.32, HOD 13.50, LOD 12.75, EOD 12.84; PSS shed 1.26, HOD 13.28, LOD 12.41, EOD 12.50.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,674, declined stock prices 966, unchanged stock prices 130, stock prices hitting new highs 58 and stock prices hitting new lows 30. 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 gain 1.65, HOD 251.98, LOD 248.57, EOD 251.98; AMZN gain 2.59, HOD 135.18, LOD 132.05, EOD 135.08; JOYG gain 2.34, HOD 62.90, LOD 60.13, EOD 62.50; AKAM gain 2.44, HOD 50.52, LOD 47.81, EOD 50.09; STRA gain 2.49, HOD 150.04, LOD 146.34, EOD 149.41; PCLN gain 4.44, HOD 314.63, LOD 306.17, EOD 311.28; ISRG gain 3.26, HOD 277.65, LOD 271.25, EOD 277.32; UTIW gain 0.70, HOD 15.85, LOD 14.91, EOD 15.04; SCMR gain 4.68, HOD 27.42, LOD 24.05, EOD 26.90.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 278, declined stock prices 195, unchanged stock prices 46, stock prices hitting new highs 17 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 1088.75; Change 7.00
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,838.50; Change 18.50
    E-mini DOW $5 (YM) Mar 10: EOD 10,304; Change 32
    Nikkei 225 (Yen) Mar 10: EOD 9,085; Change -30

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7801 to U.S. Dollars 1.2800
    Japanese Yen 84.2550 to U.S. Dollars 0.0118
    British Pound 0.6496 to U.S. Dollars 1.5400
    Canadian Dollar 1.0542 to U.S. Dollars 0.9493
    Swiss Franc 1.0134 to U.S. Dollars 0.9867

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (October 10) gain $1.11, EOD $75.02 per barrel ($US per barrel)
    Heating Oil (October 10) gain $0.02, EOD $2.0064 a gallon ($US per gallon)
    Natural Gas (October 10) shed $0.01, EOD $3.75 per million BTU ($US per mmbtu.)
    Unleaded Gas (October 10) gain $0.03 EOD $1.92 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (September 10) gain $5.20, EOD $1,251.50 ($US per Troy ounce)
    Silver (September 10) gain $0.27, EOD $19.64 ($US per Troy ounce)
    Platinum (September 10) gain $15.80, EOD $1,551.50 ($US per Troy ounce)
    Copper (September 10) gain $0.01, EOD $3.49 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (October 10) gain $1.55, EOD $76.50
    Pork Bellies (February 10) gain $0.25, EOD $105.25
    Live Cattle (October 10) unchanged, EOD $97.25
    Feeder Cattle (September 10) gain $0.82, EOD $114.70

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (September 10) gain $0.75, EOD $433.00
    Soybeans (September 10) gain $3.00, EOD $1,007.50

    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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