Opec

Daily Market Commentary for March 10, 2010

OPEC

OPEC or Organization of the Petroleum Exporting Countries announced today they were raising its 2010 forecast for global oil demand. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 0.5% at 633.1; Last Week 629.9; U.S. MBA Purchase Index rose 5.7% at 226.8; Last Week 214.5; U.S. MBA Refinance Index fell 1.5% at 3,007.2; Last Week 3,054.3.

Wholesale Inventories (MoM):
U.S. January Wholesale Sales rose 1.3%; Increase is 10th in a Row; U.S. January Wholesale Inventories fell 0.2%; Expected to rise 0.2%.

Crude Oil Inventories as released by DOE [Department of Energy}:
U.S. Refineries Ran at 80.73% capacity; was seen 82.00%; U.S. Gasoline Stockpiles fell 2.9 Million Barrels at 229.0 Million Barrels; U.S. Refineries Ran at 80.73% capacity versus 81.87% week ago; U.S. Crude Oil Stocks rose 1.4 Million Barrels in week; was seen increasing by 1.7 Million Barrels.

Federal Budget Balance:
U.S Government Deficit in Feb is Largest Monthly Shortfall Ever; U.S. Government Deficit in February is 17th Straight; U.S. Government Posted $220.91 Billion Total Budget Deficit in February; U.S. Government Deficit FY2010 to Date $651.60B, rose 10.5%.

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 3.63 points, EOD 10,568.01
NYSE (New York Stock Exchange) gain 33.67, EOD 7,327.69
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 17.55 points, EOD 2,358.23
S&P 500 (SPX) gain 5.05 points, EOD 1,145.50
BEL 20 (BEL20) gain 27.85 points, EOD 2,634.16
CAC 40 (CAC40) gain 33.54 points, EOD 3,943.55
FTSE100 (UKX100) gain 38.27, EOD 5,640.57
NIKKEI 225 (NIK/O) shed 14.2 points, EOD 10,563.92

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,060, declined stock prices 1,030, unchanged stock prices 111, stock prices hitting new highs 428 and stock prices hitting new lows 3. 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: FAS gain 2.83, HOD 89.00, LOD 86.03, EOD 87.67; AIG gain 3.47, HOD 37.34, LOD 33.20, EOD 36.24; EQT shed 2.69, HOD 45.83, LOD 44.30, EOD 44.68; RTP gain 1.8433, HOD 227.38, LOD 222.16, EOD 224.50; CME shed 0.24, HOD 309.11, LOD 305.14, EOD 307.90; KCI gain 6.19, HOD 53.01, LOD 43.05, EOD 49.50; AGN gain 0.76, HOD 62.78, LOD 61.90, EOD 62.11; AEO gain 1.05, HOD 18.61, LOD 17.95, EOD 18.20; NAV shed 2.34, HOD 43.15, LOD 41.10, EOD 41.91.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,753, declined stock prices 973, unchanged stock prices 112, stock prices hitting new highs 240 and stock prices hitting new lows 8. 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: ITMN gain 15.09, HOD 39.50, LOD 37.36, EOD 38.39; AAPL gain 1.82, HOD 225.48, LOD 223.20, EOD 224.84; BIDU gain 10.07, HOD 551.50, LOD 541.55, EOD 549.17; FSLR gain 4.73, HOD 112.25, LOD 106.11, EOD 110.95; PSYS gain 5.09, HOD 30.02, LOD 23.78, EOD 29.00; AVAV shed 0.74, HOD 25.05, LOD 21.64, EOD 23.06.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 271, declined stock prices 219, unchanged stock prices 35, stock prices hitting new highs 29 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1144.75; Change 4.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,916.25; Change 15.00
E-mini DOW $5 (YM) Mar 10: EOD 10,558; Change -6
E-mini S&P MidCap 400 (MF) Mar 10: EOD 770.70; Change 6.20
Nikkei 225 (Yen) Mar 10: EOD 10,620; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7326 U.S. Dollars 1.3650
Japanese Yen 90.5200 to U.S. Dollars 0.0110
British Pound 0.6681 to U.S. Dollars 1.4967
Canadian Dollar 1.0258 to U.S. Dollars 0.9748
Swiss Franc 1.0704 to U.S. Dollars 0.9342

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $0.35, EOD $81.84 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.03, EOD $2.12 a gallon ($US per gallon)
Natural Gas (April 10) gain $0.06, EOD $4.57 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.02, EOD $2.29 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) shed $14.10, EOD $1,108.20 ($US per Troy ounce)
Silver (May 10) shed $0.03, EOD $17.31 ($US per Troy ounce)
Platinum (April 10) shed $3.10, EOD $1,593.80 ($US per Troy ounce)
Copper (May 10) shed $0.04, EOD $3.37 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.15, EOD $72.55
Pork Bellies (May 10) gain $0.20, EOD $93.00
Live Cattle (April 10) shed $0.60, EOD $91.73
Feeder Cattle (April 10) shed $1.00, EOD $105.03

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $2.75, EOD $365.50
Soybeans (May 10) gain $11.25, EOD $958.00

BOND MARKET:
2 year EOD 90 30/32, change -2/32, Yield 0.90, Yield change 0.03
5 year EOD 99 31/32, change -6/32, Yield 2.37 Yield change 0.04
10 year EOD 99 7/32, change -4/32, Yield 3.71 Yield change 0.01
30 year EOD 98 31/32, change -6/32, Yield 4.68, change 0.01

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