Chinese Government

Daily Market Commentary for February 12, 2010

Chinese Government

Today, the People's Bank of China raised reserve levels by 0.5%, the Chinese Government said it would force banks to make the increases; this is the second increase this year. (Read more at Millennium-Traders.Com)

Economic data released today:

Retail Sales:
U.S. December Retail & Food Sales Revised to fall 0.1% from a decrease by 0.3%; U.S. January Retail & Food Sales rose 0.5%; Compared to Consensus of an increase by 0.3%; U.S. January Retail & Food Sales Ex-Autos rose 0.6%.

University of Michigan Consumer Sentiment Index:
University of Michigan Mid-February Sentiment 73.7; January 74.4; University of Michigan 12-Month Inflation Forecast rose 2.7%; January increased by 2.8%; University of Michigan 5-Year Inflation Forecast rose 2.8%; January increased by 2.9%; University of Michigan Mid-February Expectations 66.9; January 70.1; University of Michigan Mid-February Current Index 84.1; January 81.1.

Business Inventories:
U.S. December Business Inventories fell 0.2%; was expected to increase by 0.2%.

Crude Oil Inventories released by Department of Energy [DOE]:
U.S. Refineries Ran at 79.1% capacity; was seen at 78.00%; U.S. Refineries Ran At 79.1% capacity versus 77.7% a Week Ago; U.S. Distillate Stocks fell 0.356 Million Barrels in Week; was seen decreasing by 1.8 Million Barrels; U.S. Distillate Stocks fell 0.356 Million Barrels at 156.192 Million Barrels; U.S. Gasoline Stocks rose 2.324 Million Barrels in Week; was seen increasing by 0.1 Million Barrels; U.S. Crude Oil Stocks rose 2.424 Million Barrels at 331.418 Million Barrels; U.S. Crude Oil Stocks rose 2.424 Million Barrels in Week; was seen increasing by 1.3 Million Barrels; U.S. Gasoline Stocks rose 2.324 Million Barrels at 230.445 Million Barrels.

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) shed 54.27 points, EOD 10,089.92
NYSE (New York Stock Exchange) shed 23.44, EOD 6,875.28
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 3.6 points, EOD 2,181.01
S&P 500 (SPX) shed 1.77 points, EOD 1,076.70
BEL 20 (BEL20) gain 7.68 points, EOD 2,461.47
CAC 40 (CAC40) shed 17.68 points, EOD 3,599.07
FTSE100 (UKX100) shed 19.03 points, EOD 5,142.45
NIKKEI 225 (NIK/O) gain 24.47 points, EOD 10,092.19

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,562 declined stock prices 1,482, unchanged stock prices 124, stock prices hitting new highs 63 and stock prices hitting new lows 8. 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: SWM shed 0.31, HOD 28.06, LOD 27.58, EOD 27.81; CML shed 5.32, HOD 18.39, LOD 16.27, EOD 16.45; BGC shed 3.74, HOD 27.13, LOD 23.70, EOD 24.42; RTP shed 2.95, HOD 204.94, LOD 196.77, EOD 203.45; POT gain 0.49, HOD 112.40, LOD 109.21, EOD 111.61; FAS gain 0.20, HOD 65.51, LOD 62.27, EOD 65.51; CME gain 6.00, HOD 291.58, LOD 281.21, EOD 291.07; RE gain 0.99, HOD 81.19, LOD 79.00, EOD 81.00; RIG shed 2.60, HOD 84.41, LOD 81.69, EOD 83.38; EDC shed 3.21, HOD 104.80, LOD 98.83, EOD 103.91; CMG gain 3.50, HOD 105.13, LOD 98.00, EOD 104.62.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,586, declined stock prices 1,078, unchanged stock prices 138, stock prices hitting new highs 63 and stock prices hitting new lows 22. 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: NILE shed 2.32, HOD 50.69, LOD 45.51, EOD 50.24; BWLD shed 5.46, HOD 43.65, LOD 41.28, EOD 42.94; BIDU gain 0.54, HOD 489.27, LOD 482.52, EOD 488.00; AAPL gain 1.71, HOD 201.64, LOD 195.50, EOD 200.38; FSLR gain 1.29, HOD 115.90, LOD 110.44, EOD 115.10; RIMM gain 2.16, HOD 72.00, LOD 69.51, EOD 71.33.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 249, declined stock prices 229, unchanged stock prices 51, stock prices hitting new highs 7 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) Mar 10: EOD 1073.00; Change -3.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,777.25; Change 1.75
E-mini DOW $5 (YM) Mar 10: EOD 10,063; Change -47
E-mini S&P MidCap 400 (MF) Mar 10: EOD 713.40; Change 5.10
Nikkei 225 (Yen) Mar 10: EOD 10,030; Change -25

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7346 U.S. Dollars 1.3613
Japanese Yen 89.9900 to U.S. Dollars 0.0111
British Pound 0.6383 to U.S. Dollars 1.5667
Canadian Dollar 1.0515 to U.S. Dollars 0.9510
Swiss Franc 1.0767 to U.S. Dollars 0.9288

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $1.11, EOD $74.17 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.04, EOD $1.92 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.07, EOD $5.47 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) shed $0.01, EOD $1.93 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) shed $4.50, EOD $1,090.20 ($US per Troy ounce)
Silver (March 10) shed $0.18, EOD $15.41 ($US per Troy ounce)
Platinum (April 10) shed $8.30, EOD $1,511.00 ($US per Troy ounce)
Copper (May 10) shed $0.05, EOD $3.10 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.53, EOD $68.20
Pork Bellies (March 10) shed $1.00, EOD $84.00
Live Cattle (April 10) shed $0.78, EOD $90.75
Feeder Cattle (March 10) shed $0.75, EOD $99.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $1.00, EOD $373.25
Soybeans (May 10) gain $5.00, EOD $954.00

BOND MARKET:
2 year EOD 100 2/32, change 2/32, Yield 0.83, Yield change -0.04
5 year EOD 99 20/32, change 5/32, Yield 2.32 Yield change -0.04
10 year EOD 99 15/32, change 9/32, Yield 3.68 Yield change -0.04
30 year EOD 99 19/32, change 1 4/32, Yield 4.64, change -0.03

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