Thread: G-20

Daily Market Commentary for April 2, 2009

The conclusions on Thursday by the leaders of the Group of 20 (G-20) industrial and developing nations are a "defining moment" for the world's economy, as stated by the European Commission President Jose Manuel Barroso. (read more at Millennium-Traders.Com)

Economic data released today:

Jobless Claims:
U.S. Continuing Claims for week of March 21 increased by 161K to 5,728,000; U.S. Jobless Claims for week of March 28 increased by 12K to 669K compared to survey of an increase by 3K; U.S. Jobless Claims for March 21 Revised to 657K from 652K;
U.S. Jobless Claims Highest since October 1982; U.S. Continuing Claims Highest on Record.

Factory Orders:
U.S. Factory Orders rose 1.8% in February as compared to consensus of an increase by 1.9%; U.S. February Factory Orders, Excluding Transportation rose 1.6%; U.S. February Factory Orders, Excluding Defense rose 0.9%; U.S. February Durable Goods Revised to an increase by 3.5% from an increase by 3.4%; U.S. January Factory Orders Revised to a drop by 3.5% from a drop by 1.9%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 216.48 points to end the trading session at 7,978.08
NYSE (New York Stock Exchange) triple digit gain of 181.34 points to end the trading session at 5,267.10
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 51.03 points to end the trading session at 1,602.63
S&P 500 (SPX) gain of 23.30 points to end the trading session at 834.38
BEL 20 (BEL20) gain of 58.29 points to end the trading session at 1,831.13
CAC 40 (CAC40) triple digit gain of 152.45 points to end the trading session at 2,992.06
FTSE100 (UKX100) triple digit gain of 169.36 points to end the trading session at 4,124.97
NIKKEI 225 (NIK/O) triple digit gain of 367.87 points to end the trading session at 8,719.78

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,395, declined stock prices 314, unchanged stock prices 483, stock prices hitting new highs 12 and stock prices hitting new lows 6. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 4.38 points on the trading session, high on the trading session $72.83, low on the trading session $69.36, with a closing stock price at $71.56; Excel Maritime Carriers Limited (NYSE: EXM) stock price gained 0.58 points on the trading session, high on the trading session $5.70, low on the trading session $5.30, with a closing stock price at $5.32; FedEx (NYSE: FDX) stock price gained 4.12 points on the trading session, high on the trading session $50.46, low on the trading session $45.81, with a closing stock price at $49.08; UniFirst (NYSE: UNF) stock price gained 5.72 points on the trading session, high on the trading session $35.72, low on the trading session $32.25, with a closing stock price at $34.58; Monsanto Company (NYSE: MON) stock price shed 0.33 points on the trading session, high on the trading session $85.75, low on the trading session $78.91, with a closing stock price at $81.41; Potash Saskatchewan (NYSE: POT) stock price gained 2.66 points on the trading session, high on the trading session $86.75, low on the trading session $83.76, with a closing stock price at $85.59; Navistar International (NYSE: NAV) stock price shed 4.62 points on the trading session, high on the trading session $35.62, low on the trading session $27.50, with a closing stock price at $29.21; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 5.79 points on the trading session, high on the trading session $90.79, low on the trading session $85.00, with a closing stock price at $88.33; PNC Financial Services (NYSE: PNC) stock price gained 1.75 points on the trading session, high on the trading session $33.00, low on the trading session $30.82, with a closing stock price at $32.25; CME Group (NYSE: CME) stock price gained 7.96 points on the trading session, high on the trading session $250.89 low on the trading session $242.70, with a closing stock price at $245.36; MasterCard (NYSE: MA) stock price gained 5.58 points on the trading session, high on the trading session $167.56, low on the trading session $162.11, with a closing stock price at $165.66.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,213, declined stock prices 601, unchanged stock prices 111, stock prices hitting new highs 29 and stock prices hitting new lows 10. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Research In Motion Limited (NasdaqGS: RIMM) stock price gained 12.63 points on the trading session, high on the trading session $49.45, low on the trading session $47.11, with a closing stock price at $58.25; Manhattan Associates (NasdaqGS: MANH) stock price shed 1.94 points on the trading session, high on the trading session $16.32, low on the trading session $14.00, with a closing stock price at $15.47; Google (NasdaqGS: GOOG) stock price gained 11.46 points on the trading session, high on the trading session $369.76 low on the trading session $360.32, with a closing stock price at $365.55; Schnitzer Steel Industries (NasdaqGS: SCHN) stock price gained 4.82 points on the trading session, high on the trading session $38.91, low on the trading session $33.27, with a closing stock price at $37.77; Baidu (NasdaqGS: BIDU) stock price gained 12.03 points on the trading session, high on the trading session $190.00, low on the trading session $182.21, with a closing stock price at $186.80; First Solar (NasdaqGS: FSLR) stock price gained 2.99 points on the trading session, high on the trading session $142.93, low on the trading session $136.50, with a closing stock price at $138.49.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 369, declined stock prices 158, unchanged stock prices 121, stock prices hitting new highs 11 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: End of trading session price 835.25; Change for the trading session 26
E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,296; Change for the trading session 45
E-mini DOW $5 (YM) June 09: End of trading session price 7,891; Change for the trading session 173
E-mini S&P MidCap 400 (MF) June 09: End of trading session price 512; Change for the trading session 19.40

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7431 to U.S. Dollars 1.3458
Japanese Yen 99.41 to U.S. Dollars 0.0101
British Pound 0.6793 to U.S. Dollars 1.4722
Canadian Dollar 1.2383 to U.S. Dollars 0.8076
Swiss Franc 1.1341 to U.S. Dollars 0.8818

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (May 09) gained $4.25 on the trading session for a closing price of $52.64 per barrel ($US per barrel)
Heating Oil (May 09) gained $0.09 on the trading session for a closing price of $1.44 a gallon ($US per gallon)
Natural Gas (May 09) gained $0.09 on the trading session for a closing price of $3.75 per million BTU ($US per mmbtu.)
Unleaded Gas (April 09) gained $0.10 on the trading session for a closing price of $1.47 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) shed $18.80 on the trading session for a closing price of $908.90 ($US per Troy ounce)
Silver (May 09) gained $0.05 on the trading session for a closing price of $13.03 ($US per Troy ounce)
Platinum (July 09) gained $22.00 on the trading session for a closing price of $1,165.80($US per Troy ounce)
Copper (May 09) gained $0.04 on the trading session for a closing price of $1.89 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gained 0.65 on the trading session for a closing price of 72.10
Pork Bellies (May 09) gained 0.80 on the trading session for a closing price of 87.80
Live Cattle (June 09) gained 1.63 on the trading session for a closing price of 83.00
Feeder Cattle (May 09) gained 1.65 on the trading session for a closing price of 95.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 6.50 on the trading session for a closing price of 402.50
Soybeans (May 09) gained 25.00 on the trading session for a closing price of 977.00

BOND MARKET:
2 year Bond Closing price 99 31/32, change -5/32, Yield 0.88, Yield change 0.07
5 year Bond closing price of 100 1/32, change -14/32, Yield 1.73, Yield change 0.08
10 year Bond closing price 99 28/32, change -29/32, Yield 2.76, Yield change 0.11
30 year Bond closing price 98 18/32, change -1 13/32, Yield 3.57, Yield change 0.07

Thanks for reading
Millennium-Traders.Com

The monetary markets hopefully going to act in response optimistically to the G20’s list of programs last week; and it comes as tiny bolt from the blue. Captioning into the summit, US equities and merchandise were placed within a stable go forward. As such, the market was simply reacting to the dubious event during its usual bias. Though, factual venture circumstances have not enhanced with gathering of the worlds most powerful countries. The assurance made are merely promises for act until nations in fact institute the steps drawn up in the declaration; and bearing in mind the state of individual economies, few will be eager to reroute very important assist away from the familial fire in order to help extinguish a much bigger monetary fire. In the meantime, the resources pond and potential for returns from US possessions continue to shrivel. Consumer spending threatens to constrain the world’s largest financial system into a true gloominess, at the same time as the administration runs out of options.

Hopefully the G20 will have a positive effect on the world's economic situation.