Case-Shiller Home Price Index:
10-city adjusted M/M change: Prior=-0.4% Acct=-0.4%. The downward rate of change holds steady
10-city not-adj Y/Y Change Prior= -0.4% Act -1.2%
Heavy supply continues to keep prices under pressure
Consumer Confidence:
Prior=60.6 Revised to=64.8 Est=65.0 Act=70.4
This was the best reading in 3 years
Consumers expecting fewer jobs 6 months out: 15.4% vs 21.2% prev
Jobs are hard to find: 45.7% vs 47.0% Prev
17.3 % see incomes improving vs 13.8% see income dropping
The situation in the Middle East continues to be the main driving force in the commodity markets.
Energies rose 1.73%, grains fell 4.84% and metals fell 1.9%. (Gold +1.0% Silver +2.4% Copper -3.7% Platinum-2.8% Palladium -6.2%)
Spot WTI |
Fears of a supply disruption and news that Somali pirates had killed 4 American helped push WTI crude close to the $100.00 mark
COMEX Copper |
The metals saw two distinct themes: Safe haven buying in gold and silver and worries that the Middle Eastern situation may curtail economic growth hit the industrial metals
Weekly Corn |
Grains were limit-down on the close on heavy fund selling as traders moved from ags to energies. Traders are also scaling back longs before the USDA crop acreage forecast later in the week.
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