6.16.11 Jobs, CFTC, BOJ & Wheat

Economic Data

BOJ May minutes: Nishimura saw no signs of worsening sentiment

Swiss National Bank : Interest rate 0.25% No Change

 Swiss National Bank Holds Rates at Historic Lows  

	Prior		Consensus		Actual
Italy CPI  Mover M	0.1 %		0.1 %		0.1 %
Year over Year	2.6 %		2.6 %		2.6 %
UK Retail Sales M over M	1.1 %			-1.4 %
Year over Year	2.8 %	2.4 %		0.2 %
EU HICP M over M	0.6 %	0 %		0 %
Year over Year	2.8 %	2.7 %		2.7 %

United States : 

	Prior	Prior Revised		Consensus	Consensus Range		Actual
Home Starts - Level - SAAR	0.523 M	0.541 M		0.547 M	0.530 M to 0.560 M		0.560 M
Permits - Level - SAAR	0.551 M	0.563 M					0.612 M
Jobless New Claims - Level	427 K	430 K		420 K	408 K to 425 K		414 K
4-week Moving Average - Level	424.0 K						424.75 K
Philly Fed Index	Prior 3.9	Est 9.0	Range 0.0  to 19.8			-7.7

US Dept of Labor Weekly Unemployment report

Philly FED Survey

 EIA Natural Gas Report

Storage Data

Total (06/10/11): 2,256 Bcf (06/03/11): 2,187 Bcf 

Change: 69 Bcf 

Year ago stocks: 2,531 Bcf  % diff to yr ago: -10.9 % 

5-year avg stocks: 2,332 Bcf % dif to 5-yr avg: -3.3 % 

Industry News

House Passes Bill to Cut CFTC Funding

Senate Votes to End Tax Break for Ethanol

Market Data

Financials+0.27%

T-Bond+0.60%T-Note +0.24% 5-Year +0.10% 2-Year -0.01%Eurodollar-0.04%

Treasuries Advance on Concern Greece Will Struggle to Contain Debt Turmoil

Currencies-0.05%

Franc+0.48% Yen +0.40% Euro FX +0.17% A$-0.01% USD-0.15%  c$-0.19% British -0.20% Peso -0.24%

 

FOREX-Euro calmer after wild ride; Greece aid eyed

Indices-0.21%

DJIA+0.55%  &P 500 +0.20%Russell +0.17%  Midcap+0.01% Nasdaq 100 -0.40%         

Metals-0.62%

Silver +0.25% Gold +0.25% Copper -0.01% Plat-0.91%      Pall-2.45%             

Softs-0.63%

Sugar +3.35%Lumber+2.17% OJ-1.28% Coffee-1.81%Cocoa-2.44%  Cotton -3.95%

Energies-0.78%

Gasoline +0.94%   H Oil+0.74%  WTI +0.11% Ethanol -1.93% N Gas -3.19%

US FERC approves Appalachian Gateway gas pipeline project       

Grains-2.18%

Canola -0.24% B OIL -1.28% BEANS-1.28% Rice-1.41%  Meal-1.75%Oats  -3.13%Corn-3.34%    Wheat -4.98%

Wheat Breaks Below 52 wk average

ECONOMIC DATA

UK Unemployment

Claimant Count-Chg	12,400	16,900	5,000	19,600
Claimant Count	4.6 %		4.6 %	4.6 %
ILO Unemployment	7.7 %		7.7 %	7.7 %

European Union : Industrial Production

Month over Month	-0.2 %	0.0 %	-0.2 %	0.2 %
Year over Year	5.3 %	5.8 %	5.0 %	5.2 %

United States : MBA Purchase Applications

Purchase Index - W/W Change	-4.4 %	4.5 %
Refinance Index - W/W Change	1.3 %	16.5 %
Composite Index - W/W Change	-0.4 %	13.0 %

hMortgage applications see biggest gain in 3 months: MBA

United States : Consumer Price Index

CPI - M/M change	0.4 %	0.0 %	0.0 % to 0.3 %	0.2 %
CPI - Y/Y change	3.1 %			3.4 %
CPI less food & energy	0.2 %	0.2 %	0.1 % to 0.2 %	0.3 %
CPI less food & energy - Y/Y change	1.3 %			1.5 %

Inflation slows in May as gas prices fall

United States : Empire State Mfg Survey

General Business Conditions Index - Level

11.88

14.0

3.8  to 18.1

-7.8

June Empire State index plunges to negative figure

United States : Treasury International Capital

Foreign Demand for Long-Term U.S. Securities

$24.0 B

$30.6 B

United States : Industrial Production

Production - M/M change	0.0 %		0.2 %	0.0 % to 0.4 %	0.1 %
Capacity Utilization Rate - Level	76.9 %	76.7 %	77.0 %	72.2 % to 77.1 %	76.7 %

U.S. May Industrial Production and Capacity Report (Text)

United States : Housing Market Index

Housing Market Index

16

13

United States : EIA Petroleum Status Report

Crude oil inventories (weekly change)	-4.8 M barrels	-3.4 M barrels
Gasoline (weekly change)	2.2 M barrels	0.6 M barrels
Distillates (weekly change)	0.8 M barrels	-0.1 M barrels

Market Data

Today in Commodities: Manic Market

C.F.T.C. Faces More Budget Woes

Financials +0.77%  

ZB+1.34%  ZN+1.01%  ZF+0.61%  ZY +0.12%  ED -0.06%

Treasury prices soar on worries over Greece

Metals-0.77%

SI+1.16%  GC+0.48%  PL-0.95%  HG-1.05%  PA-1.99%

Currencies-0.87%

USD+1.82%  JY-0.57%  SF-1.01%  MP-1.10%  CD-1.17%  BP-1.28%  AD-1.31%  EC-2.02%

Euro-Dollar Puts Reach Highest Level in Year as Greece Bailout Talks Stall

Grains-1.49%

RS+0.48%  SM+0.36%  BO+0.35%  S unch   RR-0.91%  W-3.11%  C-3.94%  O-5.16%

Corn, Soybeans Fall on Bets Sluggish U.S. Economy to Damp Commodity Use

Softs-1.72%

 SB-0.28%  CC-0.90%  OJ-1.51%  CT-2.30%  KC-2.45%  LB-2.91%

Indices-2.03%

YM-1.55%  NQ -1.88%  EW-1.89%  ES-1.91%  RJ-1.99%

Worsening Greek debt crisis sinks stocks, euro

Energies-3.05%

NG+0.11%  ZK-2.73%  HO-3.92 RB-3.98%  CL-4.06%

Oil dives 4 percent on demand worry, dollar surge

Economic Events

China CPI

M/M % Change	Prior 0.1	Est	Actual 0.1 %
Y/Y % Change	5.3	5.5 %	5.5 %

http://english.people.com.cn/90001/90778/90862/7409504.html

China Industrial Production

M/M % Change	0.9		1.03
Yr/Yr % change	13.4 %	13.2 %	13.3 %

China PPI

M/M % Change	1.0		0.3
Y/Y % Change	6.8	6.45	6.8

China Retail Sales

M/M % Change	1.4 %		1.28
Y/Y % Change	17.1 %	16.95	16.9

USA PPI

PPI - M/M change	0.8 %	0.1 %	-0.4 % to 0.3 %	0.2 %
PPI -Yr/Yr change	6.6 %			7.0 %
PPI less food & energy - M/M change	0.3 %	0.2 %	0.0 % to 0.3 %	0.2 %
PPI less food & energy - Yr/Yr change	2.1 %			2.1 %

USA Retail Sales

Retail Sales - M/M change	0.5 %	0.3 %	-0.3 %	-1.3 % to 0.0 %	-0.2 %
Sales less autos - M/M change	0.6 %	0.5 %	0.3 %	-0.4 % to 0.5 %	0.3 %

USA Business Inventories

Inventories - M/M change

1.0 %

1.3 %

0.9 %

0.7 % to 1.0 %

0.8 %

Speech by Federal Reserve Chairman

Market Data

Indices+1.47%

RJ+2.03% EW+1.76% ES+1.30% NQ+1.26% YM+1.03% 

U.S. stocks post best day for June on retail sales

Metals+0.95%           

HG+3.06% SI+2.21%            GC+0.66% PL-0.49% PA-0.66%     

 Copper Prices Rebound on China Outlook

Softs+0.66%

CT+3.04% OJ+1.53% KC+0.67% CC+0.43% LB unch SG-1.72%

Energies+0.42%

RB+2.00% CL+1.92% HO+0.49% ZK-0.97% NG-1.40%  

Former US energy chiefs say EIA budget cuts to increase price volatility

Currencies+0.08%

CD +0.79% AD+0.54% MP+0.51% EC+0.27% BP-0.01% USD-0.15% JY-0.32% SF-0.87%

China figures bolster Aussie

Financials-0.62%

ED-0.01% ZT-0.08% ZF-0.39% ZN -0.62% ZB -1.17%

Treasuries Tumble on Retail Report; 10-Year Note Yield Increases to 3.10%

Grains-1.93%

BO+0.05% S-1.07% RS-1.07% W-1.58% RR-1.88% SM-3.08% O-3.37% C-3.45%

Farm markets fall hard