Market Recap 05.05.11

Economic Data

Weekly Jobless  Claims	Prior	Prior Revised	Consensus	Consensus Range	Actual
New Claims – Level	429 K	431 K	410 K	400 K to 450 K	474 K
4-week Moving Average – Level	408.5 K	409.0 K			431.25 K

http://www.huffingtonpost.com/2011/05/05/special-factors-partly-blamed-unemployment_n_857981.html

Productivity and Costs	Prior	Prior Revised	Consensus	Consensus Range	Actual
Nonfarm productivity – Q/Q change – SAAR	2.6 %	2.9 %	1.5 %	0.5 % to 3.1 %	1.6 %
Unit labor costs – Q/Q change – SAAR	-0.6 %	-1.0 %	0.8 %	-0.4 % to 1.2 %	1.0 %

Weekly Natural Gas Storage Report

http://ir.eia.gov/ngs/ngs.html

Total (04/29/11): 1,757 Bcf 

Total (04/22/11): 1,685 Bcf 

Change: 72 Bcf 

Year ago stocks: 1,983 Bcf

% diff to yr ago: -11.4 % 

5-year avg stocks: 1,774 Bcf

% dif to 5-yr avg: -1.0 % 

Market Activity

Financials+0.39%

US +0.78%     TY+0.42% FV+0.23% TU+0.03% ED+0.01%

Australia’s RBA flags more rate hikes

http://www.marketwatch.com/story/australias-rba-flags-more-rate-hikes-2011-05-05

Indices-0.43%

EW-0.07% ES-0.07% YM-0.08% NQ-0.13% RJ-0.14%

http://www.marketwatch.com/story/stocks-to-watch-friday-aig-washington-post-2011-05-05

Currencies-0.74%

USD+1.53% JY+0.55% BP-0.78% MP-0.96% CD-1.08% SF-1.19% AD-1.61% EC-2.09%

http://www.cmegroup.com/education/market-commentary/fx/2011/05/asia-fx_010.html

Softs-2.09%

LB+0.44% OJ-0.61% KC-2.12% SB-2.30% CT-3.07% CC-4.86%

Grains-2.81%           

SM-1.42% S-2.24% W-2.33% BO-2.52%   RS-2.65% C-2.84% O-3.47% RR-5.04%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_088.html

Metals-5.72%

GC-2.65% PL-3.13% HG-3.60%  PA-4.83% SI -11.84%

http://in.reuters.com/article/2011/05/05/markets-precious-idINLDE7440RL20110505

http://www.elliottwave.com/freeupdates/archives/2011/05/05/Gold-and-Silver-Why-Are-Prices-Falling.aspx

Energies-6.88% 

CME expands oil-price limits on sharp selloff

http://www.marketwatch.com/story/cme-expands-oil-price-limits-on-sharp-selloff-2011-05-05

ZK-2.27% RB-6.76% NG-6.95% HO-8.15% CL -8.94%

http://green.blogs.nytimes.com/2011/05/05/dissecting-this-weeks-oil-price-tumble/?partner=rss&emc=rss

http://online.wsj.com/article/BT-CO-20110505-703553.html

http://www.huffingtonpost.com/2011/05/05/oil-prices-plunge-in-reco_n_858275.html

http://in.reuters.com/article/2011/05/06/idINIndia-56812320110506