BP Oil

Daily Market Commentary for June 3, 2010

BP Oil

BP Oil attempted a new plan today to try to slow down, or stop oil from leaking. (Read more at Millennium-Traders.Com)

Economic data released today:

ADP Nonfarm Employment Change:
ADP May U.S. Private Sector Jobs Expected to rise 75,000; ADP May U.S. Private Sector Jobs rose 55,000

Initial Jobless Claims:
U.S. Week of May 22 Jobless Claims Revised to 463K from 460K; U.S. Week of May 22 Continuing Claims rose 31K to 4,666,000; U.S. Jobless Claims fell10K to 453K in Week of May 29; Compared to Survey of a decrease by 5K.

Nonfarm Productivity (QoQ):
U.S. 1Q Non-Farm Productivity Consensus rose 3.2%; U.S. 1Q Non-Farm Productivity Revised to rise 2.8%, Preliminary rose 3.6%.

Unit Labor Costs (QoQ):
U.S. 4Q Unit Labor Costs Revised fell 7.8%; U.S. 1Q Unit Labor Costs Consensus fell 1.3%; U.S. 1Q Unit Labor Costs Revised fell1.3%, Preliminary fell 1.6%.

ISM Non-Manufacturing Index:
U.S. ISM May Non-Manufacturing PMI 55.4 versus April 55.4; U.S. ISM May Non-Manufacturing PMI Expected 56.0; U.S. ISM May Non-Manufacturing Business Index 61.1 versus April 60.3; U.S. ISM May Non-Manufacturing Employment Index 50.4 versus April 49.5; U.S. ISM May Non-Manufacturing Prices Index 60.6 versus April 64.7; U.S. ISM May Non-Manufacturing New Orders Index 57.1 versus April 58.2.

Factory Orders (MoM):
U.S. Factory Orders rose 1.2% in April; Compared to Consensus of an increase by 1.7%; April Factory Orders, Excluding Transportation, fell 0.5%; April Factory Orders, Excluding Defense, rose 1.4%; April Durable Goods Revised to rise 2.8% from an increase by 2.9%; March Factory Orders Revised to rise 1.7% from an increase by 1.3%.

Crude Oil Inventories:
U.S. Crude Oil Stocks fell 1.9 Million Barrels at 363.2 Million Barrels; U.S. Gasoline Stocks fell 2.6 Million Barrels in Week; Was Seen decreasing by 0.7 Million Barrels; U.S. Gasoline Stocks fell 2.6 Million Barrels at 219.0 Million Barrels; U.S. Crude Oil Stocks fell 1.9 Million Barrels in Week; Was Seen increasing by 0.2 Million Barrels; U.S. Refineries Ran at 87.5%; Was Seen 87.90%; U.S. Refineries Ran at 87.5% versus 87.8% Week Ago; U.S. Distillate Stocks rose 0.5 Million Barrels in Week; Was Seen decreasing by 0.1 Million Barrels; U.S. Distillate Stocks rose 0.5 Million Barrels at 153.0 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) gain 5.74 points, EOD 10,255.28
NYSE (New York Stock Exchange) gain 20.83, EOD 6,860.37
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 22.18 points, EOD 2,303.25
S&P 500 (SPX) gain 4.68 points, EOD 1,103.06
BEL 20 (BEL20) gain 20.02 points, EOD 2,484.27
CAC 40 (CAC40) gain 55.84 points, EOD 3,557.34
FTSE100 (UKX100) gain 59.86 points, EOD 5,211.18
NIKKEI 225 (NIK/O) triple digit gain 310.95 points, EOD 9,914.19

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,916, declined stock prices 1,174, unchanged stock prices 112, stock prices hitting new highs 56 and stock prices hitting new lows 11. 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: RIG gain 2.66, HOD 50.50, LOD 47.80, EOD 51.01; V gain 1.66, HOD 73.21, LOD 71.66, EOD 72.91; BP gain 1.61, HOD 39.41, LOD 37.12, EOD 39.27; CME gain 0.69, HOD 325.20, LOD 318.25, EOD 323.61; EOG gain 1.95, HOD 109.91, LOD 105.12, EOD 109.70; AZN shed 0.09, HOD 43.82, LOD 43.27, EOD 43.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,663, declined stock prices 1,011, unchanged stock prices 130, stock prices hitting new highs 54 and stock prices hitting new lows 27. 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: XIDE gain 1.15, HOD 5.64, LOD 5.11, EOD 5.42; UPRO gain 1.81, HOD 143.04, LOD 137.49, EOD 141.96; JOYG gain 1.36, HOD 57.69, LOD 52.55, EOD 53.81; AAPL shed 0.83, HOD 265.55, LOD 260.41, EOD 263.12; FSLR gain 1.98, HOD 114.50, LOD 110.57, EOD 112.96; CHRS gain 0.07, HOD 4.84, LOD 4.33, EOD 4.52.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 259, declined stock prices 215, unchanged stock prices 48, stock prices hitting new highs 1 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1102.75; Change 6.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,896.25; Change 17.25
E-mini DOW $5 (YM) Mar 10: EOD 10,251; Change 19
E-mini S&P MidCap 400 (MF) Mar 10: EOD 767.20; Change 7.20
Nikkei 225 (Yen) Mar 10: EOD 9,905; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8220 to U.S. Dollars 1.2200
Japanese Yen 92.5850 to U.S. Dollars 0.0108
British Pound 0.6841 to U.S. Dollars 1.4600
Canadian Dollar 1.0409 to U.S. Dollars 0.9602
Swiss Franc 1.1566 to U.S. Dollars 0.8644

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 10) gain $1.75, EOD $74.61 per barrel ($US per barrel)
Heating Oil (June 10) gain $0.03, EOD $2.04 a gallon ($US per gallon)
Natural Gas (July 10) gain $0.26, EOD $4.69 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) gain $0.05, EOD $2.08 gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 10) shed $12.30, EOD $1,208.30 ($US per Troy ounce)
Silver (June 10) shed $0.38, EOD $17.92 ($US per Troy ounce)
Platinum (June 10) shed $7.50, EOD $1,540.90 ($US per Troy ounce)
Copper (June 10) shed $0.09, EOD $2.94 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 10) shed $0.87, EOD $80.45
Pork Bellies (July 10) shed $2.50, EOD $100.00
Live Cattle (June 10) gain $0.05, EOD $92.10
Feeder Cattle (August 10) gain $0.02, EOD $109.67

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $1.00, EOD $349.50
Soybeans (July 10) gain $22.50, EOD $955.00

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