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

Recap of 5.19.11

Economic Data

http://www.dol.gov/opa/media/press/eta/ui/current.htm

	Prior	Prior Revised	Consensus	Consensus Range	Actual
New Claims - Level	434 K	438 K	425 K	410 K to 440 K	409 K
4-week Moving Average - Level	436.75 K	437.75 K			439.0 K

http://www.msnbc.msn.com/id/21134540/vp/43092522#43092522

	Prior	Prior Revised	Consensus	Consensus Range	Actual
Existing Home Sales - Level - SAAR	5.10 M	5.10 M	5.2 M	5.1 M to 5.4 M	5.05 M
Existing Home Sales - M/M Change	3.7 %				-0.8 %
Existing Home Sales - Yr/Yr Change	-6.3 %				-12.9 %

http://hotair.com/archives/2011/05/19/existing-home-sales-slip-0-8/

	Prior	Prior Revised	Consensus	Consensus Range	Actual
Leading Indicators - M/M change	0.4 %	0.7 %	0.0 %	-0.1 % to 0.4 %	-0.3 %

EIA Natural Gas Storage Data  

Total (05/13/11): 1,919 Bcf 

Total (05/06/11): 1,827 Bcf 

Change: 92 Bcf 

Year ago stocks: 2,154 Bcf

% diff to yr ago: -10.9 % 

5-year avg stocks: 1,955 Bcf

% dif to 5-yr avg: -1.8 % 

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

Market Activity

Currencies+0.31%

MP +0.94% EC+0.61% AD+0.54% BP+0.46% CD+0.43%   JY+0.03% SF +0.03% USD-0.50%

http://www.bloomberg.com/news/2011-05-18/goldman-lowers-dollar-forecasts-versus-euro-on-weak-u-s-growth-prospects.html

Indices+0.19%

YM+0.35% NQ+0.29% EW+0.18% ES+0.15% RJ+0.07%  

http://online.wsj.com/article/BT-CO-20110519-714610.html

Financials unch

ZF+0.09% ZN+0.06% ZU+0.05% ED+0.01% ZB-0.05%

http://www.ft.com/intl/cms/s/0/39220a04-8214-11e0-a063-00144feabdc0.html#axzz1Mq3d12Ea

Grains unch

RR +0.84% RS+0.42% BO+0.28% SM+0.11% S unch C-0.20% W-0.61% O-0.82%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_826.html

Softs-0.85%

LB+2.90% OJ+2.47% CC-0.53% KC-2.35% CT-2.63% SB-4.51%

Metals-0.88%

GC-0.16% SI-0.40% PL-0.61% PA-1.33% HG-1.45%

http://online.wsj.com/article/BT-CO-20110519-714682.html

http://video.ft.com/v/947537846001/Earthquake-and-euro-woes-hit-platinum           

Energies -1.08%

ZK +0.11% HO-0.27% RB -1.20% CL-1.55% NG-2.41%    

http://www.reuters.com/article/2011/05/19/us-markets-oil-idUSL3E7G601S20110519

http://www.marketwatch.com/story/big-hurricanes-forecast-for-later-this-year-2011-05-19

Market Recap for 5.6.11

Nonfarm Payrolls - M/M change	Prior 216,000	Revised 221,000	Est 185,000	Range 140,000  to 325,000	Actual 244,00
Unemployment Rate - Level	8.8 %		8.8 %	8.6 % to 8.9 %	9.0 %
Average Hourly Earnings - M/M change	0.0 %	0.2 %	0.2 %	0.1 % to 0.2 %	0.1 %
Av Workweek - All Employees	34.3 hrs		34.3 hrs	34.3 hrs to 34.3 hrs	34.3 hrs
Private Payrolls - M/M change	230,000	231,000	200,000	165,000  to 350,000	268,000

                                                           

 http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-06-19-03-38                                                                  

Consumer Credit - M/M change

Prev $7.6 B

Est $5.0 B

Range $2.0 B to $7.0 B

Act $6.0 B

 CFTC COT for Commodities (Futures Only)

 Market Activity

Investors pull money from commodity-sector funds

http://www.marketwatch.com/story/investors-pull-money-from-commodity-sector-funds-2011-05-06?dist=afterbell

Many commodity ETF investors unshaken by rout-Lipper http://www.reuters.com/article/2011/05/06/commodities-macrofunds-idUSN0610902120110506

Grains +0.36%

RS +1.54% O+1.50%          RR+1.49% W+0.73% SM+0.58% S+0.32% BO-0.07% C-3.17%          

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_232.html

Financials +0.05%

ZN +0.18% ZF+0.14% ZT+0.06% ZB+0.03% ED-0.02%

Currencies -0.02%

USD +0.95% AD+0.87% MP+0.65% CD+0.03% BP-0.07% JY-0.31% SF-0.96% EC-1.28%

FOREX-Euro posts worst week since January; prospects dim http://www.reuters.com/article/2011/05/06/markets-forex-idUSN0610172020110506

Indices -0.10%

RJ unch YM-0.01% ES-0.04% NQ-0.23% EW-0.24%         

Metals -0.25%

PA+0.77% GC+0.69% PL+0.46% HG-0.56% SI-2.63%                            

Softs -0.59%

CC+0.88% LB +0.04% KC-0.24% CT-0.89% OJ-1.46% SB-1.87%           

http://www.bloomberg.com/news/2011-05-06/coffee-falls-as-rising-robusta-stockpiles-cap-rally-sugar-cocoa-slide.html

Energies-1.42%

RB-0.17% NG-0.61% HO-1.43% ZK -2.25% CL-2.63%

Oil falls again, gutted in record weekly drop

http://www.reuters.com/article/2011/05/06/us-markets-oil-idUSL3E7G601S20110506

Market Recap 05.04.00

Economic Data

US:MBA Purchase Applications

Purchase Index - W/W Change	Prev         -13.6 %	Act 0.3 %
Refinance Index - W/W Change	-0.6 %	6.0 %
Composite Index - W/W Change	-5.6 %	4.0 %

US:Challenger Job-Cut Report

Announced Layoffs - Level

Prev 41,528

Act  36,490

US:ADP Employment Report

ADP employment

Prev 201,000

Rev 207,000

Act  179,000

 US:ISM Non-Mfg Index

http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-04-18-36-39

 US:EIA Petroleum Status Report   EIA Petroleum Data Viewable Here

Highlights of EIA Report http://tonto.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/highlights.pdf

PLATTS analysis of US EIA data: US oil demand drops sharply for week ended April 29

http://www.platts.com/PressReleases/2011/050411b

CFTC “This Month In Futures Markets for April 2011”

http://www.cftc.gov/oce/web/index.htm

Market Data

Worries that China may raise interest rates again was an important factor in today’s market activity.

 http://www.automatedtrader.net/real-time-news/76076/china-pboc-hints-at-more-tightening-as-global-inflation-rises

Financials+0.18%     

US+0.38% TY+0.15% FV+0.03%    ED+0.01% TU+0.01%

http://www.reuters.com/article/2011/05/04/usa-fed-lockhart-idUSEBE7DA0020110504

Currencies-0.09%

JY+0.44% BP+0.20% EC+0.11% SF+0.02% USD-0.06% MP-0.44% CD-0.46% AD-0.85%

http://www.bloomberg.com/news/2011-05-04/switzerland-s-franc-rises-to-record-versus-dollar-on-rate-stock-outlook.html

Indices-0.52%

NQ-0.06% YM -0.56% ES-0.57% EW-0.74% RJ -1.03%

http://www.reuters.com/article/2011/05/04/us-markets-stocks-idUSTRE74120Z20110504

Energies-0.85%

ZK+1.11% RB-0.47% HO-1.70% CL-1.96% NG-2.08%           

http://www.bloomberg.com/news/2011-05-04/crude-oil-declines-a-third-day-in-new-york-after-u-s-inventories-increase.html

Grains-1.06%

C+0.79% O+0.58% SM-0.68% S-0.86% BO-0.94% RS-1.44% W-2.68% RR-3.25%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-wheat_138.html

Softs-2.84%

OJ-0.23% CC-1.83% SB-3.17% KC-3.81% CT-3.81% LB-4.18%

http://www.bloomberg.com/news/2011-05-04/sugar-falls-for-a-fifth-day-on-thai-output-china-inflation-coffee-drops.html

Metals-3.36%

GC-1.66% PL-1.74% HG-3.01%  PA-4.44% SI-7.67%

http://www.reuters.com/article/2011/05/04/businesspro-us-markets-silver-slide-idUSTRE7437XU20110504