Thanks Endless and Good Morning all,
US - Market Reflections - Thursday 7th July, 2011
Led by strong monthly improvement for ADP's job count, the Dow rallied 3/4 of a percent to 12,719. Other good news includes strong chain-store sales and incremental improvement in weekly jobless claims. Demand for the dollar dipped with the dollar index down 1/4 of a percent while demand for commodities rose including for oil which is toying with $99 again. Money moved out of Treasuries where the 2-year yield rose two basis points to 0.47 percent.
Market Focus in the US this evening
Month-to-month strength for the jobs report won't be much of a surprise for the markets where risk has been in big demand the last couple of weeks.
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The DJIA Index finished the trading session: Up 93.47 points; and
The the SPI Futures are currently trading: Up 32 point.
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On the 'Economic news' front, please note the following:-
Of note in the US this evening:
Employment Situation (Incl: Unemployment Rate (Jun), Nonfarm Payrolls (Jun), and Average Hourly Earnings (YoY) (Jun)
Average Hourly Earnings (MoM) (YoY) (Jun)
Wholesale Inventories (May)
Consumer Credit Change (May)
Of note in Australia today:
There is no key data due to be reported in Australia today.
Of note elsewhere today/this evening:
Canada - Unemployment Rate (Jun)
Canada - Net Change in Employment (Jun)
Japan - Eco Watchers Survey: Current (Jun)
Japan - Eco Watchers Survey: Outlook (Jun)
Switzerland - Unemployment Rate n.s.a (MoM) (Jun)
Germany - Current Account n.s.a. (May)
Germany - Trade Balance s.a. (May)
United Kingdom - Producer Price Index - Input (MoM) (YoY) n.s.a (Jun)- denotes: Market Moving Indicator
- denotes: Merits Extra Attention
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Gold is currently sitting trading Down $2.60 atm and is sitting at US$1,530.10/oz atm;
Oil (Nymex Crude) is currently trading Up $0.16 atm and is sitting at US$98.83/bbl atm
The Dollar: The AUD is currently trading @ $1.0768c against the US Dollar
Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
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Have a great day.
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