Jobless Claims

New Claims - Level	Prior 424 K	Rev 428 K	Est 420 K	Range 410 K to 430 K	Act 422 K
4-week Moving Average - Level	438.5 K	439.50 K			425.50 K

Fewer people applied for unemployment benefits

http://hosted.ap.org/dynamic/stories/U/US_UNEMPLOYMENT_BENEFITS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-06-02-12-56-28

Productivity and Costs

Nonfarm productivity - Q/Q change - SAAR	Prior 1.6 %	Est 1.7 %	Range 1.5 % to 2.0 %	Act 1.8 %
Unit labor costs - Q/Q change - SAAR	1.0 %	0.8 %	-0.5 % to 1.2 %	0.7 %

US 1Q Nonfarm Productivity Revised Up To 1.8%;ULC Rev Down

http://imarketnews.com/?q=node/31675

Factory Orders

Factory Orders - M/M change

3.0 %

3.8 %

-0.9 %

-2.5 % to -0.5 %

-1.2 %

Factory orders broadly lower in April

http://www.reuters.com/article/2011/06/02/us-usa-economy-factory-idUSTRE7513KH20110602

EIA Petroleum Status Report

http://www.eia.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/highlights.pdf

Crude oil inventories (weekly change)	Prior 0.6 M barrels	Actual 2.9 M barrels
Gasoline              (weekly change)	3.8 M barrels	2.6 M barrels
Distillates            (weekly change)	-2.0 M barrels	-1.0 M barrels

EIA Natural Gas Storage Data

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

Total(05/27/11):2,107Bcf (05/20/11):2,024Bcf Change: +83Bcf Prior +105

Year ago stocks: 2,344 Bcf % diff to yr ago: -10.1 % 

5-year avg stocks: 2,149 Bcf % dif to 5-yr avg: -2.0 % 

Softs+1.01%

Sugar #11 +4.72%

Coffee +2.07%

Cotton #2 +2.03%

Orange Juice +0.88%

Cocoa -1.73%

Lumber -1.90%

           

Energies+1.00%

Natural Gas +3.41%

Heating Oil +1.10%

Ethanol Futures +0.45%

Crude Oil WTI +0.21%

Gasoline -0.26%

Oil Heads for Weekly Decline on U.S. Economy; Crude Stockpiles Increase

http://www.bloomberg.com/news/2011-06-02/oil-rises-0-5-percent-in-new-york-u-s-crude-stockpiles-unexpectedly-gain.html

Natural-Gas Futures Surge To 10-Month High After Storage Data

http://online.wsj.com/article/SB10001424052702303657404576361413563669114.html

Grains+0.78%

Soybeans +1.50%

Soybean Meal +1.47%

Wheat +1.38%

Corn +1.05%

Soybean Oil +0.82%

Canola +0.76%

Rough Rice +0.07%

Oats -0.78%

Wheat Futures Climb for Second Day on Weather Concerns in U.S., EU, Canada

http://www.bloomberg.com/news/2011-06-03/wheat-futures-gain-0-5-advance-for-second-day-in-chicago-corn-declines.html

Indices+0.12%

E-Mini Nasdaq 100 +0.41%

E-Mini S&P 500 +0.11%

Russell 2000 Mini +0.04%

E-Mini S&P Midcap -0.04%

DJIA Mini-Sized -0.20%

Stocks mixed on weak retail and jobless reports

http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-06-02-16-59-32

Currencies+0.08%

Euro FX +0.77%

Mexican Peso +0.26%

Australian Dollar +0.18%

Swiss Franc +0.02%

Japanese Yen +0.02%

British Pound -0.01%

Canadian Dollar -0.15%

U.S. Dollar Index -0.47%

Financials-0.41%

Euro $ unch

2-Year T-Note -0.04%

5-Year T-Note -0.15%

10-Year T-Note -0.28%

T-Bond -0.81%

Ultra T-Bond -1.49%

Metals-1.23%

Copper -0.28%

Platinum -0.32%

Gold -0.55%

Palladium -1.13%

Silver -3.99%