Unemployment Data

[MTnews]

Daily Market Commentary for June 5, 2009

Unemployment data and jobs numbers from the Labor Department were hot on the front of the mind of traders on Wall Street today. (read more at )

Economic data released today:

Nonfarm Payrolls:
U.S. May Nonfarm Payrolls down by 345K compared to consensus of a drop by 525K; U.S. May Manufacturing Payrolls fell 156K; U.S. May Service-Producing Payrolls fell 120K; U.S. Apr Payrolls revised to a drop by 504K from a drop by 539K; U.S. May Payroll Decline smallest since September 2008.

Unemployment Rate:
U.S. May Unemployment Rate 9.4% compared to consensus of 9.2%; U.S. April Unemployment left Unrevised at 8.9%; U.S. May Unemployment Rate highest since August 1983.

Average Hourly Earnings:
U.S. May Average Hourly Earnings rose by $0.02 to $18.54.

Average Weekly Hours:
U.S. May Overall Workweek fell by 0.1 Hour to 33.1 Hours.

Consumer Credit:
U.S. April Consumer Credit decreased $15.7B; March Consumer Credit revised to down $16.6B from down $11.1B; April drop in Consumer Credit marks fifth decline in six months.

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 13.05 points, EOD 8,763.29
NYSE (New York Stock Exchange) shed 28.13 points, EOD 6,082.63
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 0.60 points, EOD 1,849.42
S&P 500 (SPX) shed 2.37 points, EOD 940.09
BEL 20 (BEL20) gain 6.3 points, EOD 2,069.32
CAC 40 (CAC40) gain 36.53 points, EOD 3,348.56
FTSE100 (UKX100) gain 49.58 points, EOD 4,436.52
NIKKEI 225 (NIK/O) gain 99.05 points, EOD 9,768.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,503, declined stock prices 1,562, unchanged stock prices 101, stock prices hitting new highs 27 and stock prices hitting new lows 6. 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: BHP gain 3.25 points, HOD $61.42, LOD $59.90, EOD $60.29; RTP gain 11.08 points, HOD $199.31, LOD $191.41, EOD $193.76; ESI gain 0.98 points, HOD $93.65, LOD $89.49, EOD $93.02; RTI gain 3.13 points, HOD $22.88, LOD $19.63, EOD $22.49; HBC shed 1.54 points, HOD $42.98, LOD $41.83, EOD $42.18; DD shed 1.68 points, HOD $28.50, LOD $26.40 EOD $27.03; MEE shed 0.08 points, HOD $24.83, LOD $23.25, EOD $23.83; SYT gain 0.64 points, HOD $50.91, LOD $49.87, EOD $50.24; COO shed 0.14 points, HOD $31.40, LOD $28.50, EOD $28.95; GES gain 1.56 points, HOD $29.40, LOD $27.44, EOD $28.60; PRU shed 1.11 points, HOD $43.69, LOD $40.44, EOD $40.95; CME shed 0.41 points, HOD $344.41, LOD $330.33, EOD $336.30; ICE shed 4.88 points, HOD $121.93, LOD $113.76, EOD $114.86.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,254, declined stock prices 1,474, unchanged stock prices 157, stock prices hitting new highs 52 and stock prices hitting new lows 7. 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 2.15 points, HOD $40.92, LOD $38.97, EOD $40.51; BIDU gain 12.81 points, HOD $307.65, LOD $295.28, EOD $306.21; UAUA shed 0.11 points, HOD $5.12, LOD $4.90, EOD $5.01; FSLR shed 1.88 points, HOD $187.28, LOD $179.50, EOD $182.37; PMTI gain 5.79 points, HOD $18.94, LOD $11.74, EOD $16.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 282, declined stock prices 260, unchanged stock prices 54, stock prices hitting new highs 9 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 939.75; Change -0.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,492.75; Change -0.25
E-mini DOW $5 (YM) June 09: EOD 8,761; Change 31
E-mini S&P MidCap 400 (MF) June 09: EOD 595.70; Change -1.10
Nikkei 225 (Yen) June 09; EOD 9,850; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7158 to U.S. Dollars 1.3970
Japanese Yen 98.83 to U.S. Dollars 0.0102
British Pound 0.6259 to U.S. Dollars 1.5976
Canadian Dollar 1.1184 to U.S. Dollars 0.8941
Swiss Franc 1.0855 to U.S. Dollars 0.9212

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) shed $0.37, EOD $68.44 per barrel ($US per barrel)
Heating Oil (July 09) shed $0.01, EOD $1.79 a gallon ($US per gallon)
Natural Gas (July 09) gain $0.06, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) shed $0.01, EOD $1.81 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $19.70 EOD $962.60 ($US per Troy ounce)
Silver (July 09) shed $0.51, EOD $15.39 ($US per Troy ounce)
Platinum (July 09) shed $7.10, EOD $1,286.20 ($US per Troy ounce)
Copper (July 09) shed $0.02, EOD $2.28 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.50, EOD 60.08
Pork Bellies (July 09) shed 25, EOD 62.70
Live Cattle (August 09) gain 0.15, EOD 81.15
Feeder Cattle (August 09) gain 0.03, EOD 96.63

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 4.50, EOD 444
Soybeans (July 09) shed 4.50, EOD 1,225.50

BOND MARKET:
2 year EOD 99 5/32, change -21/32, Yield 1.30, Yield change 0.34
5 year EOD 97 10/32, change -1 4/32, Yield 2.83, Yield change 0.31
10 year EOD 94 5/32, change -1, Yield 3.83, Yield change 0.12
30 year EOD 93 25/32, change -26/32, Yield 4.63, change 0.05

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $2,223
Barry $4,943
Sam off
Scott $3,928
Marty $5,411

Futures Trading Room:
JT $930
Marco $2,047.50

Forex Trading Room:
JT $3,900

Daily Swing Trades:
Barry $2,560

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Thanks for reading

[Roly Tyrese]

Global equity futures markets are going through a roller coaster ride overnight, and have literally just collapsed on themselves, with the Japanese Nikkei dropping the sessions 1% gain in a 5 minute period of trade. That move has sent S&P Futures numbers lower, and allowed the dollar to find buyers.

The U.K. (04:30 EDT PMI), and the U.S. (08:15 EDT ADP Employment, and 10:00 EDT ISM) have important calendar releases, that may impact trade flows. Trade Desks will now be awaiting the reaction to it all from the German Dax futures market at 02:00 EDT.

Oil and gold have held overnight support and are trading at 70.30 and 929.00, and although the major pairs are at their lows of the session, they are not allowing the Usd to gain in value in response to the equity decimation.