PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Millennium-Traders

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Market Commentary for June 28, 2007 from Millennium-Traders.com - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news
Market Commentary for June 28, 2007 from Millennium-Traders.com

 

NewswireToday - /newswire/ - Somerset, PA, United States, 2007/06/28 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Trading activity was very sluggish today. Trading rangers were moderately firm and trading volume was light. Whether it was from the FOMC meeting jitters or pre-holiday action, over all trading activity was hard on day traders and investors. At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 3.02 points to end the session at 13,422.28; the NYSE (New York Stock Exchange) posted a gain of 16.86 points to end at 9,865.77; the NASDAQ posted a gain of 3.02 points for a close at 2,608.37; the S&P 500 moved lower by 0.63 points to end at 1,505.71 and the RUSSELL 2000 moved higher by 0.57 points to close at 839.03. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the worlds investable market capitalization) moved higher by 2.60 to close at 259.30 and the FTSE RAFI 1000 posted a gain of 5.00 points to close at 6,337.19.

Immigration Bill fails to proceed in United States Senate.

German EU-Harmonized June CPI rose 0.1% on the month; German EU-Harmonized June CPI rose 2.0% on the year; German Preliminary June CPI Forecast rose 0.2% on the month, German Prelim June CPI Forecast rose 1.9% on the year and German Preliminary June CPI rose 0.1% on the month, German Preliminary June CPI rose 1.8% on the year.

BTMU Business Barometer remained unchanged in week of June 16th.

Economic Data:

Corporate Profits: Reported by the Bureau of Economic Analysis (BEA), a summary of the income of organizations treated as corporations in the national income and products accounts. Report contains profits from current production known as operating or economic profits; corporate profits with inventory valuations and capital consumption adjustment. Differences in depreciation allowances used for accounting and income tax purposes are part of Capital Consumption. IVA (inventory valuation adjustment) deals with the difference in measuring the cost of inventory replacement. Book profits amount to operating profits and subtracting inventory valuation and capital consumption adjustments. After tax profits are book profits after taxes are deducted. As released today by the BEA: First Quarter Corporate Profits revised to an increase of 1.7% from an increase of 1.0%; First Quarter Corporate Profits rose by 1.7% versus an increase by 0.8% in the fourth quarter; First Quarter Chain-Weighted Price Index was revised to an increase of 4.2% from an increase by 4.0%; First Quarter Purchases Price Index was revised to an increase of 3.7% rate from an increase of 3.6%; First Quarter PCE Price Index revised to an increase of 3.5% rate from an increase of 3.3% and First Quarter Real Final Sales revised to an increase of 1.7% rate from an increase of 1.6%.

GDP (final): Gross Domestic Product (GDP) encompasses every sector of the economy and is the broadest measure of aggregate economic activity. Data released today: U.S. First Quarter GDP Consensus rose by 0.8% and U.S. First Quarter GDP revised to an increase by 0.7% rate from an increase by 0.6%.

Jobless Claims: A weekly compilation of new unemployment claims to show the number of individuals who filed for unemployment insurance for the first time. The condition of the labor market is determined by an increase of the number of claims which suggests a deteriorating labor market. Data released today: Week of June 16th U.S. Continuing Claims fell by 27K to 2,490,000 and U.S. Jobless Claims fell by 13K to 313K in the week of June 23rd compared to survey of a drop by 9K.

Help Wanted Index: From 51 major newspapers across the country, the Help Wanted Index is a monthly index of the number of lines of help-wanted advertising. The index indicates the strength or weakness in the labor market. As released today: U.S. Conference Board Help-Wanted Index reported down to 27 in May.

EIA Natural Gas Report: Weekly information provided by the EIA (Energy Information Administration) on natural gas stock piles in underground storage in the United States and three regions of the country. Prices for natural gas products are determined by the level of inventories. U.S. GAS: EIA Data Shows 99 Bcf Build, Market expected 82 Bcf Build.

Federal Open Market Committee (FOMC) Meeting on Interest Rates: The Federal Open Market Committee resumed its two-day meeting at 9:00 a.m. EDT today, as scheduled. Ten FOMC members voted today on the fed funds rate. In addition to the five participating Fed board members, the president of the Federal Reserve Bank of New York, Timothy Geithner, is a permanent voting member of the FOMC. Votes were also cast by: Chicago Fed President Michael Moskow, Boston Fed President Cathy Minehan, St. Louis Fed President William Poole and Kansas City Fed President Thomas Hoenig. The Federal Open Market Committee Voted Unanimously for Unchanged Federal Funds Rate; High 'Resource Utilization' Poses Inflation Risk; Economy Likely To Continue To Expand At A Moderate Pace; Housing Market Adjustment Is 'Ongoing'; Economic Growth Moderate During First Half Of Year; Sustained Moderation Not 'Convincingly Demonstrated'; Core Inflation Readings Improved Modestly In Recent Months and Predominant Risk Is Inflation Won't Fall As Expected.

Commodities Markets

The trend was mixed across the board today for the Energy Sector: Light crude moved higher by $0.60 today to close at $69.57 a barrel; Heating Oil ended the session lower by $0.01 to close at $2.03 a gallon; Natural Gas moved lower by $0.43 today to close at $6.66 per million BTU and Unleaded Gas moved higher by $0.01 on the session to close at $2.21 a gallon.

Metals Market ended the session higher across the board today: Gold moved higher today for a gain of $5.60 to close at $650.40 an ounce; Silver closed higher today by $0.18 at $12.51 an ounce; Platinum moved higher for a gain today of $2.20 to close at $1,286.00 an ounce and Copper moved higher by $0.07 today to close at $3.43 per pound.

On the Livestock and Meat Markets, the trend was mixed across the board today: Lean Hogs ended the day lower by 0.10 to close at 71.55; Pork Bellies ended the day lower by 1.33 to close 92.83; Live Cattle moved higher by 0.90 to close at 90.15 and Feeder Cattle ended the day higher by 1.20 at 109.78.

Other Commodities: Corn moved lower today with a loss of 3.75 for a close at 358.25 and Soybeans moved higher today to post a gain of 4.75 to end the session at 842.25.

The e-mini Dow ended the session lower today, with a loss of 3 points to close at 13,517. The total Dow Exchange Volume for the day came in at 186,940 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.

Bonds were mostly lower across the board today: 2 year bond closed lower by 3/32 at 99 27/32; 5 year bond closed higher by 12/32 at 99 13/32; 10 year bond closed lower by 6/32 at 95 10/32 and the 30 year bond closed lower by 3/32 at 93 6/32.

The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 4,780,862; Open Interest for Futures moved higher by 8,744 points to close at 9,822,338; the Open Interest for Options moved higher by 120,660 points to close at 7,779,577 and the Open Interest for OTC closed lower today by 12 points at 5,775 for a total Open Interest of 17,607,690 for a total gain on the day by 129,392 points.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Millennium-Traders

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Brokerage/Trading articles,
CATCH Visitors via Your Competitors Announcements!


Market Commentary for June 28, 2007 from Millennium-Traders.com

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: MTnews - Millennium-Traders.com 
814-445-1035 support[.]millennium-traders.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Millennium-Traders securities in any jurisdiction including any other companies listed or named in this release.

Brokerage/Trading via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Millennium-Traders / Company Profile


Read Brokerage/Trading Most Recent Related Newswires:

SRMEX's Vice Chairman Eikichi Hirano About the Gradual Expansion of Capital Market
Xtrade Wins Best Broker in the Middle East Award
Russian Foreign Trade Reports on Russian Trade with North American Countries Q1 2016
DarkMaindFX Introduces the Beta Version of its Economic Indicator Services
Hermes International Expo to Celebrate 25th Anniversary in Delaware County
GoldSilver Central Approved As Singapore Bullion Market Association Member
OANDA Acquires Tradestation Forex Accounts
[TYPO FOUND BY SYSTEM] Beeline Broking Ltd Launches 'Tailor Made Brokerage Plan'
Signals365.com Announces Key Features - Makes it the Best Binary Options Signals Service
Binary Options Signals from Signals365.com Helps Traders to Get Higher Win-Rate
/RC/ Van Ecker Couder Associates Announce Expansion Program
/RC/ Voth Nixon Group Bolsters Deferred Income Annuity
Grant Becker Associates Chalks Up Another Successful Year of CSR Activities
Evanson Asset Management Dividend Stocks to Safeguard An All-weather Portfolio
AKFinancials Announces its 2015 Forex Course Schedule

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)