Good Morning all,US - Market Reflections - Tuesday 14th June,...

Good Morning all,

US - Market Reflections - Tuesday 14th June, 2011

A better-than-expected retail sales report boosted bargain hunting to give the Dow a big lift of one percent to 12,076. But the report, where details were mixed, got a key boost from sales of gasoline, and the ongoing moderation in pump prices doesn't point to a similar boost for the June retail sales report.

Demand for the safety of Treasuries eased significantly both from the rise in the stock market and also from a warning by Ben Bernanke that failure to raise the debt ceiling risks a financial calamity. The 30-year yield rose 10 basis points to 4.30 percent. Gold firmed $10 to $1,525.

Market Focus in the US this evening

Industrial production will offer the first hard data on manufacturing during May and a similar result to April would point to a slowdown for the economy's leading sector.

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The DJIA Index finished the trading session: Up 123.14 points; and
The the SPI Futures are currently trading: Up (sigh) 13 points.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Consumer Price Index

Industrial Production

Empire State Mfg Survey

Treasury International Capital

Housing Market Index

EIA Petroleum Status Report


Of note in Australia today:

Westpac Consumer Confidence (Jun)

Westpac Leading Index (MoM) (Apr)

Consumer Inflation Expectation (Jun)

Housing Starts (QoQ) (Q1)


Of note elsewhere today/this evening:

European Monetary Union - EcoFin Meeting

Japan - Bank of Japan Monthly Economic Survey

United Kingdom - Claimant Count Rate (May)

United Kingdom - ILO Unemployment Rate (3M) (Apr)

United Kingdom - Claimant Count Change (May)

Euopean Monetary Union - Industrial Production w.d.a. (YoY) (Apr)

New Zealand - Business NZ PMI (May)


- denotes Market moving indicator
- denotes Merits extra attention

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Gold is currently sitting trading Up $1.70 and is sitting at US$1,525.80oz atm;
Oil (Nymex Crude) is currently trading Up $0.04c atm and is sitting at US$99.41/bbl atm
The Dollar: The AUD is currently trading @ $1.0688c 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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