Market wrap for 4.18.11

Economic Events

It was a light day for economic data, but the following stories had the greatest impact on market direction today:

#1) China raises reserve requirements by 0.5%

http://english.people.com.cn/90001/90778/90862/7352504.html

2) S&P affirmed it’s rating of US debt @ AAA/A-1+ but revised the outlook to negative,

http://www2.standardandpoors.com/spf/pdf/events/UnitedStatesofAmericaRatingAffirmedOutlookRevisedToNegative.pdf

United States : Housing Market Index

Housing Market Index

Prior 17

Act 16

Market Activity

Grains+1.29%     

W +4.13%  C1.31% O+1.17% RS0.99% BO0.97% S0.94% SM +0.75% RR+0.07%

http://www.cmegroup.com/education/market-commentary/ag/2011/04/recap-wheat_445.html

http://www.usda.gov/oce/weather/pubs/Daily/TODAYSWX.pdf

Financials+0.26%

US +0.28%U TY+0.26% FY +0.24% TU+0.06% ED -0.01%

http://www.marketwatch.com/story/why-bonds-actually-rose-on-sp-news-2011-04-18

Currencies-0.25%

USD +0.94% JY+0.63% BP-0.33% CD-0.38% SF-0.42% MP-0.50% AD-0.51% EC-1.42%

http://www.reuters.com/article/2011/04/18/markets-forex-idUSN1823354820110418

Metals-0.61%

SI +1.84% GC+0.70% PL-0.50% HG-1.06% PA-4.06%

http://www.reuters.com/article/2011/04/18/us-markets-precious-idUSTRE73786N20110418

Energies-1.06%

ZK+0.50% RB-0.98% HO-1.07% NG -1.67% CL-2.10%

http://www.reuters.com/article/2011/04/18/us-markets-oil-idUSTRE72D01W20110418

Softs-1.28%

CT +0.48% OJ -0.62% SB-0.81% KC-1.27% LB -1.72% CC-3.74%

Indices-1.43% CRB -0.11% VIX +2.54%

NQ-1.08% ES-1.29% YM-1.32% RJ-1.70% EW-1.77%