Market Recap 05.04.00

Economic Data

US:MBA Purchase Applications

Purchase Index - W/W Change	Prev         -13.6 %	Act 0.3 %
Refinance Index - W/W Change	-0.6 %	6.0 %
Composite Index - W/W Change	-5.6 %	4.0 %

US:Challenger Job-Cut Report

Announced Layoffs - Level

Prev 41,528

Act  36,490

US:ADP Employment Report

ADP employment

Prev 201,000

Rev 207,000

Act  179,000

 US:ISM Non-Mfg Index

http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-04-18-36-39

 US:EIA Petroleum Status Report   EIA Petroleum Data Viewable Here

Highlights of EIA Report http://tonto.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/highlights.pdf

PLATTS analysis of US EIA data: US oil demand drops sharply for week ended April 29

http://www.platts.com/PressReleases/2011/050411b

CFTC “This Month In Futures Markets for April 2011”

http://www.cftc.gov/oce/web/index.htm

Market Data

Worries that China may raise interest rates again was an important factor in today’s market activity.

 http://www.automatedtrader.net/real-time-news/76076/china-pboc-hints-at-more-tightening-as-global-inflation-rises

Financials+0.18%     

US+0.38% TY+0.15% FV+0.03%    ED+0.01% TU+0.01%

http://www.reuters.com/article/2011/05/04/usa-fed-lockhart-idUSEBE7DA0020110504

Currencies-0.09%

JY+0.44% BP+0.20% EC+0.11% SF+0.02% USD-0.06% MP-0.44% CD-0.46% AD-0.85%

http://www.bloomberg.com/news/2011-05-04/switzerland-s-franc-rises-to-record-versus-dollar-on-rate-stock-outlook.html

Indices-0.52%

NQ-0.06% YM -0.56% ES-0.57% EW-0.74% RJ -1.03%

http://www.reuters.com/article/2011/05/04/us-markets-stocks-idUSTRE74120Z20110504

Energies-0.85%

ZK+1.11% RB-0.47% HO-1.70% CL-1.96% NG-2.08%           

http://www.bloomberg.com/news/2011-05-04/crude-oil-declines-a-third-day-in-new-york-after-u-s-inventories-increase.html

Grains-1.06%

C+0.79% O+0.58% SM-0.68% S-0.86% BO-0.94% RS-1.44% W-2.68% RR-3.25%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-wheat_138.html

Softs-2.84%

OJ-0.23% CC-1.83% SB-3.17% KC-3.81% CT-3.81% LB-4.18%

http://www.bloomberg.com/news/2011-05-04/sugar-falls-for-a-fifth-day-on-thai-output-china-inflation-coffee-drops.html

Metals-3.36%

GC-1.66% PL-1.74% HG-3.01%  PA-4.44% SI-7.67%

http://www.reuters.com/article/2011/05/04/businesspro-us-markets-silver-slide-idUSTRE7437XU20110504