Manufacturing Industry

Daily Market Commentary for December 15, 2010

Manufacturing Industry

Investors were more focused on news about the manufacturing industry rather than the news about a possible credit rating downgrade in Spain. (Read more at Millennium-Traders.Com)

Economic data released today:

U.S. MBA Market Index fell 2.3% at 589.7; Last Week 603.5; U.S. MBA Purchase Index fell 5.0% at 200.3; Last Week 210.9; U.S. MBA Refinance Index fell 0.7% at 2,910.9; Last Week 2,932.0.

CPI (MoM):
U.S. Real Average Weekly Earnings fell 0.1% in November; U.S. November CPI Energy Prices rose 0.2%; Food Prices rose 0.2%; U.S. November CPI Unrounded rose +0.122%; Core rose 0.098%; U.S. November CPI Excluding Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%; U.S. November Consumer Prices rose 0.1%; Compared to Consensus of an increase by 0.2%.

New York Empire State Manufacturing Index:
New York Fed December Prices Received 3.41 versus a decrease by 2.60 in November; New York Fed December Employment fell 3.41 versus 9.09 in November; New York Fed December New Orders 2.60 versus a decrease by 24.38 in November; New York Fed's December Manufacturing Index 10.57 versus a decrease by 11.14 in November.

TIC Net Long-Term Transactions:
China Holdings Rise to $906.8B, Highest Since November 2009; Foreigners Net Buyers $15.96B of U.S. Equities in October; Foreigners Net Buyers $1.13B of U.S. Corp Bonds in October; Foreigners Net Buyers $14.15B of U.S. Agency Debt in October; Foreigners Net Buyers $23.48B U.S. Treasury Notes, Bonds in October; Net Long Term Securities Purchases $27.6B in October; Net Foreign Long Term Securities Purchases $7.2B in October.

Capacity Utilization Rate:
U.S. October Capacity use Revised to 74.9% from 74.8%; U.S. November Capacity Utilization rose 0.3-Point at 75.2%; Compared to Consensus of 75.0%.

Industrial Production (MoM):
U.S. November Industrial Production rose 0.4%; Compared to Consensus of an increase by 0.3%; U.S. October Industrial Production Revised to a decrease by 0.2% from unchanged%.

NAHB Housing Market Index:
U.S. NAHB December Housing Index 16, Unchanged from November.

Crude Oil Inventories released by DOE:
U.S. Refineries Ran at 88.0% capacity; was Seen at 87.20%; U.S. Refineries Ran at 88.0% capacity versus 87.5% capacity a Week Ago; U.S. Distillate Stockpiles rose 1.094 Million Barrels in Week; was Seen decreasing by 0.2 Million Barrels; U.S. Distillate Stockpiles rose 1.094 Million Barrels at 161.305 Million Barrels; U.S. Gasoline Stockpiles rose 0.809 Million Barrels Week; was Seen increasing by 1.9 Million Barrels; U.S. Gasoline Stockpiles rose 0.809 Million Barrels at 214.773 Million Barrels; U.S. Crude Oil Stockpiles fell 9.854 Million Barrels Week; was Seen decreasing by 2.7 Million Barrels; U.S. Crude Oil Stockpiles fell 9.854 Million Barrels at 346.018 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 15.81 points, EOD 11,460.73
NYSE (New York Stock Exchange) shed 54.91, EOD 7,800.31
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 9.09 points, EOD 2,618.63
S&P 500 (SPX) shed 5.88 points, EOD 1,235.71
BEL 20 (BEL20) shed 12.66 points, EOD 2,623.03
CAC 40 (CAC40) shed 22.68 points, EOD 3,880.19
FTSE100 (UKX100) shed 9.03 points, EOD 5,882.18
NIKKEI 225 (NIK/O) shed 22.88 points, EOD 10,316.77

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,088, declined stock prices 1,983, unchanged stock prices 91, stock prices hitting new highs 157 and stock prices hitting new lows 90. 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: NVS gain 3.08, HOD 59.95, LOD 58.52, EOD 58.91; AGQ shed 6.18, HOD 145.05, LOD 138.78, EOD 139.12; LVS shed 1.35, HOD 43.95, LOD 41.70, EOD 42.32; BBY shed 0.98, HOD 35.50, LOD 34.39, EOD 34.49; SAM gain 9.92, HOD 96.67, LOD 89.96, EOD 94.66; CRM shed 0.97, HOD 137.84, LOD 134.05, EOD 135.27; CME shed 3.99, HOD 324.93, LOD 318.91, EOD 319.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,070, declined stock prices 1,624, unchanged stock prices 128, stock prices hitting new highs 165 and stock prices hitting new lows 35. 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: JOYG gain 5.50, HOD 87.11, LOD 83.44, EOD 85.72; NFLX gain 0.08, HOD 181.42, LOD 175.56, EOD 178.53; FSLR shed 1.98, HOD 140.73, LOD 134.73, EOD 135.00; BIDU shed 6.18, HOD 4500.00, LOD 100.14, EOD 100.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 220, declined stock prices 277, unchanged stock prices 33, stock prices hitting new highs 14 and stock prices hitting new lows 40.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1232.25; Change -4.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,203.00; Change -11.00
E-mini DOW $5 (YM) Mar 10: EOD 11,411; Change -10
Nikkei 225 (Yen) Mar 10: EOD 10,320; Change -15

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7550 to U.S. Dollars 1.3200
Japanese Yen 84.2250 to U.S. Dollars 0.0119
British Pound 0.6430 to U.S. Dollars 1.56
Canadian Dollar 1.0038 to U.S. Dollars 0.9963
Swiss Franc 0.9672 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 11) gain $0.34, EOD $88.62 per barrel ($US per barrel)
Heating Oil (January 11) gain $0.01, EOD $2.48 a gallon ($US per gallon)
Natural Gas (January 11) shed $0.04, EOD $4.42 per million BTU ($US per mmbtu.)
Unleaded Gas (January 11) gain $0.01, EOD $2.31 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) shed $18.10, EOD $1,386.20 ($US per Troy ounce)
Silver (March 11) shed $0.53, EOD $29.25 ($US per Troy ounce)
Platinum (January 11) shed $9.50, EOD $1,704.40 ($US per Troy ounce)
Copper (March 11) shed $0.07, EOD $4.13 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) shed $0.97, EOD $75.15
Pork Bellies (February 11) gain $0.75, EOD $106.00
Live Cattle (February 11) shed $0.50, EOD $104.02
Feeder Cattle (March 11) shed $0.45, EOD $118.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $3.00, EOD $584.25
Soybeans (March 11) gain $1.75, EOD $1,307.75

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