Market Wrap for 04.19.11

Economic Data

ICSC-Goldman Store Sales

Store Sales - W/W change	Prev 0.1 %	Act 0.3 %
Store Sales - Y/Y	2.9 %	3.0 %

Housing Starts

Starts - Level - SAAR	Prev 0.479 M	Revised 0.512 M	Est 0.525 M	Range 0.500 M to 0.620 M	Act 0.549 M
Permits - Level - SAAR	0.517 M	0.534 M			0.594 M

March starts rebounded 7.2% following an 18.5% in February. Starts were above expectations but are still at historically depressed levels. For the month, single-family home starts were up 7.7%, while multi-family starts were up 5.8%.

Starts in the Midwest were up 32.3%, the west up 27.6% and the Northeast up 5.4%. Starts in the South fell 3.3%. Permits gained 11.2% for the month but are13.3% below last year.

Housing report from “Market Watch.com” http://www.marketwatch.com/story/us-home-construction-quickens-in-march-2011-04-19

Redbook

Store Sales Y/Y change

4.7 %

5.1 %

Market Activity

Metals+0.58%

SI+2.51% HG+0.96% GC+0.23% PL-0.53% PA-0.55%

http://www.cmegroup.com/education/market-commentary/metals/2011/04/recap-silver_463.html

Energies+0.38%

NG+3.26% CL+0.48%            ZK-0.34% RB-0.59% HO -0.99%

Indices+0.29%  CRB +0.60% VIX -4.95%

NQ +0.59% ES +0.50%           YM +0.45% EW+0.09% RJ-0.18%

http://news.yahoo.com/s/ap/20110419/ap_on_bi_ge/us_earns_goldman_sachs;_ylt=ApwxXfvREx7.Yq995HIaA_T957EF;_ylu=X3oDMTJzM3IxcGJoBGFzc2V0A2FwLzIwMTEwNDE5L3VzX2Vhcm5zX2dvbGRtYW5fc2FjaHMEcG9zAzgEc2VjA3luX3BhZ2luYXRlX3N1bW1hcnlfbGlzdARzbGsDZ29sZG1hbnJlcG9y

Grains+0.26%

O +1.68% W +1.39% RR+0.29% BO +0.24% S-0.17% C-0.37%       SM-0.40% RS-0.61%

http://www.cmegroup.com/education/market-commentary/ag/2011/04/recap-wheat_465.html

Currencies+0.23%

CD+0.83% EC+0.70% MP+0.50% BP+0.39% JY+0.13% AD+0.03% SF-0.37% USD-0.61%

http://www.bloomberg.com/news/2011-04-19/canadian-inflation-accelerates-to-highest-rate-in-two-years-on-jump-in-oil.html

Financials+0.09%

US +0.23% TU+0.01%            TY unch ED -0.01% FY -0.03%

Softs-0.14%

KC+2.37% OJ+0.86% LB-0.20% CC-0.32% SB-0.53% CT-3.37%