Chinese Imports

Daily Market Commentary for September 10, 2010

Chinese Imports

With continuous bad news about European banks, investors are hopeful the rise in Chinese imports will help the economy continue to grow. (Read more at Millennium-Traders.Com)

Economic data released today:

Wholesale Inventories (MoM):
Gain in U.S. Wholesale Inventories is Biggest in Two Years; U.S. July Wholesale Inventories rose 1.3%; Was Expected to rise 0.4%.

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 36.40 points, EOD 10,451.64
NYSE (New York Stock Exchange) gain 33.18, EOD 7,067.55
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.05 points, EOD 2,241.25
S&P 500 (SPX) gain 4.68 points, EOD 1,108.86
BEL 20 (BEL20) shed 7.74 points, EOD 2,569.72
CAC 40 (CAC40) gain 3.67 points, EOD 3,725.82
FTSE100 (UKX100) gain 7.48 points, EOD 5,501.64
NIKKEI 225 (NIK/O) triple digit gain 140.78 points, EOD 9,239.17

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,934, declined stock prices 1,091, unchanged stock prices 105, stock prices hitting new highs 185 and stock prices hitting new lows 10. 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 gain 5.95, HOD 198.19, LOD 192.46, EOD 197.93; RIG gain 3.43, HOD 60.10, LOD 55.54, EOD 58.73; BRC shed 0.72, HOD 27.65, LOD 26.58, EOD 26.75; DPS shed 0.87, HOD 35.27, LOD 34.34, EOD 34.72; CME gain 2.44, HOD 265.58, LOD 261.91, EOD 264.79; EOG gain 2.79, HOD 92.56, LOD 89.62, EOD 92.16.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,414, declined stock prices 1,173, unchanged stock prices 156, stock prices hitting new highs 37 and stock prices hitting new lows 43. 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: LULU gain 4.64, HOD 40.88, LOD 39.10, EOD 40.49; CROX shed 0.51, HOD 12.10, LOD 10.46, EOD 11.12; SVNT gain 0.21, HOD 14.67, LOD 14.04, EOD 14.64; AAPL gain 0.34, HOD 264.50, LOD 261.40, EOD 263.41; PCLN shed 0.65, HOD 328.87, LOD 322.57, EOD 323.15.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 290, declined stock prices 181, unchanged stock prices 39, stock prices hitting new highs 20 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1108.25; Change 5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,890.50; Change 4.75
E-mini DOW $5 (YM) Mar 10: EOD 10,444; Change 40
Nikkei 225 (Yen) Mar 10: EOD 9,235; Change 140

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7865 to U.S. Dollars 1.2700
Japanese Yen 84.1550 to U.S. Dollars 0.0118
British Pound 0.6511 to U.S. Dollars 1.5400
Canadian Dollar 1.0354 to U.S. Dollars 0.9658
Swiss Franc 1.0194 to U.S. Dollars 0.9808

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $2.20, EOD $76.45 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.03, EOD $2.10 a gallon ($US per gallon)
Natural Gas (October 10) gain $0.11, EOD $3.88 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.03 EOD $1.97 gallon ($US per gallon)

Metals Markets - Comex:
Gold (September 10) shed $4.40, EOD $1,244.50 ($US per Troy ounce)
Silver (September 10) shed $0.01, EOD $19.80 ($US per Troy ounce)
Platinum (September 10) shed $10.80, EOD $1,542.50 ($US per Troy ounce)
Copper (September 10) shed $0.03, EOD $3.40 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.25, EOD $77.35
Pork Bellies (February 10) gain $0.10, EOD $105.80
Live Cattle (October 10) gain $0.30, EOD $97.20
Feeder Cattle (September 10) gain $0.27, EOD $111.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $7.75, EOD $464.00
Soybeans (September 10) shed $14.25, EOD $1,023.50

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Fall Specials Available: Amazing Savings Valued Up To $750! Free Training Program, Free Month of Service, Free Book & Chart Settings. Limited Time Offer Only! See 'Fall Specials' tab on our website for complete details. http://www.millennium-traders.com/promotion.aspx.

Thanks for reading
Millennium-Traders.Com

I recently bought a four lb. box of Tilapia fillets and got home with it, thinking to open it and rewrap the fillets to double portions in the freezer, turned it over and read the fine print that it was "farm grown in China"....immediately went back to Walmart to return it (I'd heard the govt. had put a hold on fish products from China)...got a lot of flak but they finally took it...told them I would never shop there again...then they got all apologetic...

But I won't...I looked and almost everything at walmart is chinese made.

Dell to invest 100 billion dollars in China by 2020
AFP - Saturday, September 18
http://sg.news.yahoo.com/afp/2010091...l-ec2362a.html

NEW YORK (AFP) - – Computer giant Dell plans to open its second center in China next year as it eyes a 100 billion dollar investment in the world's fastest growing market over the next decade, a spokesman said Friday.

The Texas-based computer company said the new center in the city of Chengdu in the western Chinese province of Sichuan will include manufacturing, sales and services to support its rapid growth in the region, David Frink told AFP.

The new center is expected to be operational in 2011 and will employ up to 3,000 team members in addition to the 6,000 Dell already employs in China, he said.

Dell's total spending in facilities, employment, research and development and purchases from suppliers in China "is estimated to be greater than 100 billion US dollars over the next decade," the company said in a statement.

The choice of location of the new center also supports the government's policy of developing western areas as the coastal regions are becoming increasingly expensive for companies.

"The strong Chengdu workforce and our new operations there will better position Dell for additional growth opportunities in western China," said Amit Midha, president of Dell China.

Dell, the number two supplier of computers in China, said its revenues in the country increase 11 folds over the past decade.