Market Wrap for 04.11.11

Economic Data

China Merchandise Trade Number

China Reports 1^st Trade deficit in 6 years

Trade Deficit = -1.02bil $US vs year ago + 13.91bil $US

Exports +26.5%  Imports +32.6%

Trade w/ other partners

EU (China’s largest partner) +22% to 123.7bil $us

US +25% to 97.65bil $US

Japan +27.1% to 80.78bil $US

Increased prices of imported commodities like iron ores and grains were partially to blame

http://english.people.com.cn/90001/90778/90861/7345299.html

IMF World Economic Outlook

Executive Summary

Full report available here

Market Movements

Softs +0.28%

OJ +1.77%  CC+1.68%SB+1.48% CT+0.79% KC -0.13% LB-3.89%

Currencies +0.06%

SF +0.37% JY+0.18% CD+0.09% USD+0.01% MP unch  BP-0.02% EC-0.03% AD-0.21%

Financials +0.01%

TY+0.05%   FV +0.01%  ED unch TU-0.01% US -0.03%        

Grains -0.35%

O +2.03% C+1.04% RR+0.26% W +0.09% RS-1.14% BO -1.59% S-1.71% SM -2.10%

USDA Reports

Crop Progress

Crop Progress

Rice Outlook

Rice Outlook

Oil Grops Outlook

Oil Crop Outlook

Cotton & Wool

Cotton & Wool Outlook

Indices-0.42%

CRB+0.95%  YM -0.10% VIX -0.24%  ES -0.42% NQ -0.60% Midcap -0.85% Russell 2K-0.87%

Energies -0.98%

NG +1.86% Ethanol +0.15%  RB -1.89% HO -2.10% CL -3.06%   

CMEGROUP. COM Energy Report

http://www.cmegroup.com/education/market-commentary/energy/2011/04/recap-energy_282.html

Metals -1.18%

GC -0.87%HG -1.13% SI-1.37% PL-1.55%  PA -1.76%

http://www.bloomberg.com/news/2011-04-11/copper-erases-gain-as-chinese-imports-stoke-speculation-demand-may-weaken.html

Earnings

                        Before The Open        Actual             Consensus       Yr Ago            Yr/Yr Rev      

                        Chemspec Intl             0.19                 0.16                 0.14                 58.1% 

                        Shaw Group                0.40                 0.48                 0.49                 -12.1%

                        After The Close          Actual             Consensus       Yr Ago            Yr/Yr Rev      

                        Alcoa                           0.28     a          0.27                 0.10                 21.9% 

                        Joes Jeans                    0.00                 0.00                 0.01                 -8.6%  

Source: Briefing.com

Earnings Review from CNBC

http://classic.cnbc.com/id/42537881