Economic Data

MBA Purchase Applications

Purchase Index - W/W Change	Prior          -3.2 %	Actual 1.5 %
Refinance Index - W/W Change	13.2 %	0.9 %
Composite Index - W/W Change	7.8 %	1.1 %

Durable Goods Orders

New Orders - M/M change Prior 2.5 % Rev 4.4 % Est        -3.0 % Range                      -5.7 % to 0.5 % Act              - 3.6 % New Orders - Yr/Yr Change 10.5 % 14.1 % 5.3 % Ex-transportation - M/M 1.3 % 2.5 % -1.5 % Ex-transportation - Yr/Yr 6.1 % 8.2 % 6.7 %

From Briefing.com:

Highlights: Durable orders fell 3.6% in April after increasing an upwardly revised 4.4% (from 4.1%) in March. This was the biggest decline since October 2010.

• The Briefing.com consensus expected durable goods orders to decline 2.0%.

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicReleases/durord.htm#ixzz1NOsaS7Gx

Orders for durable goods fall 3.6% in April Airline, auto declines account for bulk of reversal, U.S. data indicate

FHFA House Price Index

M/M change	Prev         -1.6 %	Revised       -1.5 %	Act    -0.3 %
Y/Y change	-5.7 %	-5.5 %	-5.8 %

EIA Petroleum Status Report

Crude oil inventories (weekly change)	Prior          0.0 M barrels	Current             0.6 M barrels
Gasoline (weekly change)	0.1 M barrels	3.8 M barrels
Distillates (weekly change)	-1.2 M barrels	-2.0 M barrels

 

Weekly Petroleum Status Report

Analysis of US EIA data: US middle distillate inventories drop as ULSD demand surges

U.S. Oil Import Dependence: declining no matter how you measure it

 

Market Activity

Softs+2.53%

LB+3.61% CC+3.40% SB+3.33% OJ+2.22% KC+1.40%      CT+1.40%

Commodities: Slow Boat to China Big Boost for Canada Lumber-2

Metals+2.04%

SI+4.74% HG+2.33% PA+1.75% PL+1.10% GC+0.12%

PRECIOUS METALS: Gold, Silver Rise On Safe Haven Buying

Energies+1.34

HO+2.44% CL+1.62% RB+1.12% ZK +1.03% NG+0.62%

Oil hits 2-week high on U.S. distillate draw, dollar

Grains+0.96%

O+2.50% W2.15% C1.23%  BO+0.84% RS+0.57% S+0.35% RR +0.30% SM-0.25%

Evening markets: wheat rises, dismissing Russia export risk

Indices+0.72% CRB +1.57% VIX -1.91%

RJ+1.16% EW+0.62% NQ+0.35%         ES+0.32% YM+0.28%

U.S. stocks end higher after 3-session drop

Currencies+0.11%

SF+0.73% BP+0.59% USD unch MP unch CD -0.07% JY-0.12% EC-0.18% AD-0.25%

Financials-0.01%

ZF+0.12% ZN+0.06% ZT+0.02% ED unch ZB-0.10%