Economic Indicators
MBA Purchase Applications
__________________Prior_______Act
Purchase Index - W/W Change | -6.1 % | 12.5 % |
Refinance Index - W/W Change | -6.5 % | 17.2 % |
Composite Index - W/W Change | -6.5 % | 15.5 % |
Wholesale Trade
Inventories - M/M change | Prior 1.0 % | Revised 1.3 % | Act 1.1 % |
EIA Petroleum Status Report
Crude Inventories: Prior-0.4m Bbl Est+1.3m Bbl Act + 2.5m Bbl
Gasoline : Est -1.5m Bbl Act -5.5m Bbl 3rd drop in a row
Distillate : Est –o.5m Bbl Act -4.0m Bbl 4th straight draw
Summary:
EIA expects continued tightening of world oil markets over the next two years
The forecast for total world oil consumption grows by an annual average of 1.6 million bbl/d through 2012.
Projected WTI spot prices rise to an average of $105 per barrel in December 2011 and remain at about that level through 2012.
RBOB +2.50% Heating Oil +1.84% Natural Gas +1.45% Crude Oil WTI -0.97%
T-Bond +0.69% 10-Year Note +0.46% 5-Year Note +0.30% 2-Year Note +0.08% 3M ED unch
S Franc +0.64% Can Dollar +0.28% Euro FX +0.02% J Yen -0.07% U.S. Dollar Index -0.10%
DJIA Mini +0.07% Mini S&P unch Mini Nasdaq 100 -0.50%
Silver +1.32% Gold +0.15% Platinum +0.11% Palladium -0.74% High Grade Copper -3.19%
Coffee +2.66% Sugar #11 -0.91% Cotton #2 -1.32% Lumber -1.86% Cocoa
Corn -0.64% Bean Meal -2.08% Bean Oil -2.33% Beans -2.39% Wheat -2.69%
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