Mortgage Rates

Daily Market Commentary for July 15, 2010

Mortgage Rates

Mortgage rates will stay at the same record lows last seen in the 1950's. (Read more at Millennium-Traders.Com)

Economic data released today:

PPI (MoM):
U.S. May PPI Unrevised at -0.3%; U.S. June Passenger Car Prices fell 0.5%; U.S. June PPI Energy Prices fell 0.5%; U.S. June PPI Crude Goods fell 2.4%; Core fell 4.8%; U.S. June PPI Intermediate Goods fell 0.9%; Core fell 0.4%; U.S. June PPI Ex-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%; U.S. June Producer Prices fell 0.5%; Compared to Consensus of a decrease by 0.2%.

Initial Jobless Claims:
U.S. Jobless Claims Reach Lowest Level Since August 2008; U.S. Week of July 3 Jobless Claims Revised to 458K from 454K; U.S. Week of July 3 Continuing Claims rose 247K to 4,681,000; U.S. Jobless Claims fell 29K to 429K in Week of July 10; Compared to Survey of a decrease by 9K.

New York Empire State Manufacturing Index:
New York Fed July Prices Received fell 1.59 versus 4.94 in June; New York Fed July Employment 7.94 versus 12.35 in June; New York Fed July New Orders 10.13 versus 17.53 in June; New York Fed's July Manufacturing Index 5.08 versus 19.57 in June.

Capacity Utilization Rate:
U.S. June Capacity Utilization Unchanged at 74.1%; Compared to Consensus of 74.1%; U.S. May Capacity Use Unrevised at 74.1%.

Industrial Production (MoM):
U.S. June Industrial Production rose 0.1%; Compared to Consensus of a decrease by 0.1%; U.S. May Industrial Production Unrevised at +1.3%.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed July Inventories 4.5 versus June 4.6; Philadelphia Fed July Business Index 5.1 versus June 8.0; Philadelphia Fed July Delivery Times fell 8.1 versus June 6.8; Philadelphia Fed July Shipments 4.0 versus June 14.2; Philadelphia Fed July New Orders fell 4.3 versus June 9.0; Philadelphia Fed July Employment 4.0 versus June decrease by 1.5; Philadelphia Fed July Price Received fell 8.4 versus June decrease by 6.5; Philadelphia Fed July Price Paid 13.1 versus June 10.0; Philadelphia Fed July Business Index Expected 10.0.

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 10.60 points, EOD 10,377.32
NYSE (New York Stock Exchange) gain 11.85, EOD 6,915.21
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 1.09 points, EOD 2,250.93
S&P 500 (SPX) gain 1.03 point, EOD 1,096.20
BEL 20 (BEL20) shed 27.07 points, EOD 2,495.05
CAC 40 (CAC40) shed 51.16 points, EOD 3,581.82
FTSE100 (UKX100) shed 42.23 points, EOD 5,211.29
NIKKEI 225 (NIK/O) shed 109.71 points, EOD 9,685.53

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,506, declined stock prices 1,561, unchanged stock prices 110, stock prices hitting new highs 88 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: MA shed 0.92, HOD 213.45, LOD 208.63, EOD 212.25; POT gain 4.66, HOD 98.60, LOD 92.60, EOD 98.51; MOS gain 1.22, HOD 43.30, LOD 41.32, EOD 43.24; CME gain 0.98, HOD 277.18, LOD 271.89, EOD 276.47; EOG shed 0.49, HOD 107.00, LOD 103.93, EOD 106.15; RIG gain 2.63, HOD 55.00, LOD 51.84, EOD 54.99; GS gain 5.86, HOD 146.25, LOD 137.82, EOD 144.92; BP gain 2.66, HOD 39.81, LOD 36.51, EOD 38.84.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 895, declined stock prices 1,768, unchanged stock prices 102, stock prices hitting new highs 22 and stock prices hitting new lows 31. 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: AAPL shed 1.43, HOD 256.97, LOD 247.30, EOD 251.30; AMZN shed 1.24, HOD 122.48, LOD 119.26, EOD 122.06; VRNM gain 0.74, HOD 4.60, LOD 3.20, EOD 3.20; PCLN gain 7.26, HOD 223.30, LOD 212.35, EOD 222.61; CBSH gain 0.61, HOD 38.50, LOD 37.13, EOD 38.29; UPRO gain 0.16, HOD 138.12, LOD 131.14, EOD 136.85; ARNA shed 0.36, HOD 5.72, LOD 3.57, EOD 3.92; UFPI shed 1.27, HOD 31.83, LOD 29.90, EOD 31.35; SCHW gain 0.05, HOD 14.72, LOD 14.28, EOD 14.55.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 208, declined stock prices 270, unchanged stock prices 40, stock prices hitting new highs 9 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1093.75; Change 2.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,856.00; Change 4.75
E-mini DOW $5 (YM) Mar 10: EOD 10,310; Change 4
E-mini S&P MidCap 400 (MF) Mar 10: EOD 750.40; Change -0.90
Nikkei 225 (Yen) Mar 10: EOD 9,645; Change -135

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7742 to U.S. Dollars 1.2900
Japanese Yen 87.5650 to U.S. Dollars 0.0114
British Pound 0.6474 to U.S. Dollars 1.5400
Canadian Dollar 1.0363 to U.S. Dollars 0.9616
Swiss Franc 1.0420 to U.S. Dollars 0.9582

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (August 10) shed $0.42, EOD $76.62 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.01, EOD $2.02 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.28, EOD $4.59 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.00, EOD $2.06 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) gain $1.30, EOD $1,208.10 ($US per Troy ounce)
Silver (July 10) gain $0.07, EOD $18.35 ($US per Troy ounce)
Platinum (July 10) gain $13.10, EOD $1,529.90 ($US per Troy ounce)
Copper (July 10) gain $0.00, EOD $3.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 10) gain $0.20, EOD $77.82
Pork Bellies (July 10) gain $0.45, EOD $104.20
Live Cattle (August 10) gain $0.07, EOD $92.40
Feeder Cattle (August 10) shed $0.25, EOD $113.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) gain $8.25, EOD $392.50
Soybeans (July 10) gain $21.50, EOD $1,019.00

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