Current Economic Recession

Daily Market Commentary for July 31, 2009

Current Economic Recession

Many experts believe with all of the positive data being released in the past couple of weeks, the current economic recession way be coming to an end. (read more at Millennium-Traders.Com)

Economic data released today:

GDP Price Index:
US GDP fell 1.0% rate in 2Q compared to consensus of a drop by 1.5%; Real Final Sales fell 0.2% in 2Q; PCE Price Index rose 1.3% rate in 2Q; Domestic Purchases Price Index rose 0.7% rate in 2Q; Chain-Weighted Price Index rose 0.2% rate in 2Q.

Employment Cost Index (ECI):
U.S. 12-Month ECI gain smallest on record; U.S. 2Q Employment Cost Index rose 0.4% compared to consensus of an increase by 0.3%; U.S. 2Q Employment Cost Index rose 1.8% from year ago.

Chicago PMI (Chicago Purchasing Management):
U.S. Chicago PMI Adjusted July Index 43.4 versus June 39.9; U.S. Chicago PMI July Prices Paid Index 35.0 versus Jun 36.3; U.S. Chicago PMI July Supplier Deliveries 49.6 versus June 43.1; U.S. Chicago PMI July Employment Index 35.3 versus Jun 28.9; U.S. Chicago PMI July New Orders Index 48.0 versus Jun 41.6.

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) gain 14.89 points, EOD 9,169.35
NYSE (New York Stock Exchange) gain 39.97, EOD 6,424.28
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 5.06 points, EOD 1,979.24
S&P 500 (SPX) gain 0.35 points, EOD 987.10
BEL 20 (BEL20) gain 14.05 points, EOD 2,169.14
CAC 40 (CAC40) shed 9.22 points, EOD 3,426.27
FTSE100 (UKX100) shed 23.25 points, EOD 4,608.36
NIKKEI 225 (NIK/O) triple digit gain 191.62 points, EOD 10,356.83

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,919, declined stock prices 1,180, unchanged stock prices 97, stock prices hitting new highs 116 and stock prices hitting new lows 14. 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: BEZ shed 1.84, HOD 27.38, LOD 25.74, EOD 25.76; MA shed 0.08, HOD 197.88, LOD 192.46, EOD 194.03; RTP no change 0.00, HOD N/A, LOD N/A, EOD 161.61; NUE gain 0.54, HOD 45.00, LOD 43.50, EOD 44.47; CME gain 2.04, HOD 283.20, LOD 273.84, EOD 278.83.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,331, declined stock prices 1,388, unchanged stock prices 129, stock prices hitting new highs 71 and stock prices hitting new lows 6. 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: PDLI shed 0.52, HOD 8.64, LOD 8.14, EOD 8.24; SYNA shed 11.88, HOD 26.94, LOD 23.92, EOD 23.97; GPRO shed 4.94, HOD 38.46, LOD 35.70, EOD 37.12; VPRT shed 1.89, HOD 41.89, LOD 39.50, EOD 41.25; FSLR shed 19.16, HOD 158.94, LOD 153.14, EOD 153.14; BIDU shed 3.66, HOD 355.40, LOD 346.27, EOD 348.14; GENZ shed 4.36, HOD 56.72, LOD 51.50, EOD 51.89; CYOU gain 0.66, HOD 37.95, LOD 35.50, EOD 36.75; USTR gain 5.94, HOD 48.11, LOD 44.13, EOD 46.42.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 361, declined stock prices 170, unchanged stock prices 57, stock prices hitting new highs 19 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 983.25; Change 1.00
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,601.75; Change -5.00
E-mini DOW $5 (YM) Sept 09: EOD 9,113; Change 23
E-mini S&P MidCap 400 (MF) Sept 09: EOD 626.10; Change 1.90
Nikkei 225 (Yen) Sept 09: EOD 10,315; Change 10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7071 to U.S. Dollars 1.4251
Japanese Yen 94.6200 to U.S. Dollars 0.0106
British Pound 0.5987 to U.S. Dollars 1.6703
Canadian Dollar 1.0771 to U.S. Dollars 0.9284
Swiss Franc 1.0685 to U.S. Dollars 0.9359

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) gain $2.51, EOD $69.45 per barrel ($US per barrel)
Heating Oil (September 09) gain $0.04, EOD $1.83 a gallon ($US per gallon)
Natural Gas (September 09) shed $0.09, EOD $3.65 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.06, EOD $2.01 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $18.50, EOD $955.80 ($US per Troy ounce)
Silver (September 09) gain $0.46, EOD $13.94 ($US per Troy ounce)
Platinum (October 09) gain $25.20, EOD $1,214.20 ($US per Troy ounce)
Copper (September 09) gain $0.06, EOD $2.63 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gain $1.30, EOD $53.90
Pork Bellies (August 09) gain $1.25, EOD $62.25
Live Cattle (October 09) gain $0.35, EOD $90.20
Feeder Cattle (September 09) gain $0.28, EOD $102.55

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $7.25, EOD $349.50
Soybeans (November 09) gain $11.00, EOD $982.00

BOND MARKET:
2 year EOD 99 25/32, change 0, Yield 1.11, Yield change -0.05
5 year EOD 100 16/32, change 17/32, Yield 2.51, Yield change -0.11
10 year EOD 97 2/32, change 1 1/32, Yield 3.48, Yield change -0.12
30 year EOD 98 31/32, change 1 21/32, Yield 4.31, change -0.10

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