Thanks Endless and Good Morning all,US - Market Reflections -...

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    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.
    ____________________________________________

    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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