Economic Data

ISM Mfg Index

New orders and production slowed in April while hiring remains strong as unfilled orders rise. This backlog may be ties to supply disruptions in Japan

ISM Mfg Index - Level

Prev 61.2

Est 59.5

Range 58.0  to 60.5

Act 60.4

Construction Spending

The construction sector rebounded from February’s weather-related weakness. March’11 construction spending is 6.7% below last year, but that is an improvement from the – 7.0% reading we saw in February

Construction Spending - M/M change

Prev      -1.4 %

Rev    -2.4 %

Est 0.5 %

Range            -.5 % to 1.0 %

Act 1.4 %

Market Activity

Financials+0.14%

ZB +0.26% ZN+0.12% ZF +0.05% ZT +0.03% ED +0.01%

http://www.marketwatch.com/story/treasurys-off-bin-laden-death-boosts-risk-trade-2011-05-02

Softs-0.03%

LB +2.19% KC +1.74% OJ +0.85%  CC -1.09% CT -1.61% SB -2.26%

Currencies-0.13%

USD +0.11% EC-0.01% MP-0.12% SF-0.12% JY-0.16% AD-0.23% BP -0.26% CD-0.49%

Weekly US $ Index

http://www.bloomberg.com/news/2011-05-03/yen-dollar-advance-on-concern-bin-laden-s-death-will-lead-to-retaliation.html

Energies-0.31%

RB -1.02% NG -0.06% CL-0.59% HO -0.89% ZK -1.17%    

http://www.bloomberg.com/news/2011-05-02/oil-declines-most-in-three-weeks-on-bin-laden-death-manufacturing-reports.html

Indices-0.37%

YM -0.14% NQ-0.16% ES-0.29% EW -0.57% RJ-1.15%       

http://www.smartmoney.com/investing/stocks/market-update-monday-may-2-2011-27287/?cid=djem_sm_dailyviews_h

Grains -0.65%

RR +1.15% RS +0.89% BO +0.10% S -0.18% SM-0.36% W -1.23% O-2.48%  C-3.08%

http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-05-02-2011.pdf

Metals-1.91%

HG +0.48% PL +0.17% GC -0.37% PA -2.78% SI -8.90%   

http://www.marketwatch.com/story/silver-drops-as-cme-hikes-cost-of-speculation-2011-05-02