MBA Purchase Applications

Purchase Index - W/W Change	Prior 4.5 %	Actual  -2.8 %
Refinance Index - W/W Change	16.5 %	-7.2 %
Composite Index - W/W Change	13.0 %	-5.9 %

MBA: U.S. Mortgage Demand Slips As Rates Creep Higher

FHFA House Price Index

FHFA House Price Index Rises 0.8 Percent in April; First Monthly Increase Since May 2010

 EIA Petroleum Status Report Report Summary

Crude oil inventories (weekly change)	-3.4 M barrels	-1.7 M barrels
Gasoline (weekly change)	0.6 M barrels	-0.5 M barrels
Distillates (weekly change)	-0.1 M barrels	1.2 M barrels

Crude Inventories by PADD

Gasoline Inventories by PADD

FOMC Statement

Federal Reserve Lowers U.S. Growth Outlook

Softs+0.80%

Cotton +4.19%    Lumber +1.16%   Cocoa +0.43% Coffee +0.10% OJ -0.33% Sugar -0.76%

Energies+0.18%

Gasoline +2.63%    Heating Oil +1.53%  WTI +0.42% Natural Gas -1.60%        Ethanol -2.49%

 

Analysis of US EIA data: US oil product demand rebounds, but inventories rise on increased refinery runs    

Platts report: China’s May oil demand robust at 9.31 million b/d, but inventories rising

Financials+0.01%

10-Year +0.08%     5-Year +0.06% T-Bond +0.02% 2-Year +0.01%   Eurodollar +0.01% 

Metals-0.08%

Gold +0.29% Silver +0.09%  Plat+0.03% Pall-0.29% Copper -0.68%

Currencies-0.21%

.USD +0.47% Swiss +0.14% Peso -0.09% C$ -0.20% Yen -0.25% A$-0.37%   Euro FX -0.46% Pound  -1.10%

Sterling turns ugly, Fed stance gives dollar lift

 

Indices-0.28%

Midcap -0.23%       DJIA -0.44% S&P 500 -0.52% Russell -0.55%  Nasdaq 100 -0.60%  

Grains-2.01%

Oats -0.42% Bean Oil -0.80%                Canola -1.12% Meal -1.31% Beans -1.37% Rice -1.52%  Corn -4.24%  Wheat -5.34%

 Grain Prices Plunge as Favorable Weather May Revive Crops in U.S., Europe