Free press releases distribution network?

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 November 29, 2006 from - 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 November 29, 2006 from


PRZOOM - /newswire/ - Somerset, PA, United States, 2006/11/29 - 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!


As we ended hump day, day traders and investors appear to be looking forward to moving into December at the end of the week. Trading was a bit strange for the day although, it has been so far this week. Possibly investors and day traders remain on extended holiday vacations, creating the whipotile trading action. The major indices moved higher on what appeared to be better than expected economic data released. At the closing bell, the Bulls had full control of the action, as weak as it may have appeared: the DOW (Dow Jones Industrial Average) climbed higher by 90.28 points to close the session at 12226.73; the NYSE (New York Stock Exchange) tacked on a nice gain of 95.53 to end the day at 8947.17; the NASDAQ picked up 19.62 points to close at 2432.23; the S&P 500 (Standard & Poor’s 500 Index) moved higher by 12.76 points to close at 1399.48 and the RUSSELL 2000 gained 9.34 points to end the session at 784.16. 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 1.64 to close at 232.93 and the FTSE RAFI 1000 moved higher by 54.44 points to close at 5802.28.

Economic data released for the day:

MBA Purchase Applications: Compilation from the Mortgage Bankers’ Association of various mortgage loan indexes. This data is the leading indicator for single-family home sales as well as, housing construction. Purchase Index reading came in at 406.7.

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. Third quarter Corporate Profits rose by 4.6% versus a rise by 0.3% during second quarter and after tax profits year over year change came in at 24.6%.

GDP (preliminary): Gross Domestic Product (GDP) encompasses every sector of the economy and is the broadest measure of aggregate economic activity. Third quarter GDP consensus rose by 1.8%; Third quarter GDP revised to a rise by 2.2% rate from a rise by 1.6%; Third quarter Chain-Weighted Price Index was Unchanged at a rise by 1.8%; Third quarter Purchases Price Index was Revised to a rise of 2.1% rate from a rise by 2.0%; Third quarter PCE Price Index was Revised to a rise of 2.4% rate from a rise of 2.5% and Third quarter Real Final Sales was Revised to a rise by 2.1% rate from a rise of 1.7%.

New Home Sales: Number of newly constructed homes with a committed sale, for the month. The economic momentum and consumer purchases of furniture and appliances helps determine the housing market trends for, new home sales. U.S. September New Home Sales was Revised to 1.037 million from 1.075 million and U.S. October New Home Sales fell by 3.2% to 1.004 million versus consensus of 1.050 million.

EIA Petroleum Status Report: EIA (Energy Information Administration) provides weekly petroleum inventories in the United States whether they are produced here or abroad. Prices for petroleum products are determined by the level of inventories. Crude Oil Inventories for week of November 24th came in at a drop of 0.4 million barrels.

Beige Book: The Beige Book is a compilation of anecdotal evidence on economic conditions from each of the 12 Federal Reserve districts. Notes from the Beige Book: Manufacturing activity generally positive; most say energy, building material prices have eased; most districts had moderate economic growth; labor markets still tight; wage growth moderate; retail sales outlook 'cautiously optimistic'; non-residential building markets mostly improve; almost all report more housing market slowdown and pace slower for Dallas, yet faster for New York and Richmond.

Comments from Timothy F Geithner, Vice Chairman of the Federal Reserve: future market shocks may be more severe; time to focus on improving equity derivatives; market needs to enhance counter party discipline and U.S. now better suited to deal with market trouble.

Former Secretary of State Colin L. Powell called the conflict in Iraq, a civil war as he was speaking at a conference in Dubai. He said that if he were still head of the U.S. State Department he would probably recommend that the Bush Administration call the situation in Iraq a civil war so that the United States can come to terms with reality on the ground there. Tuesday the Bush Administration denied that the violence rocking Iraq was a civil war and that is was merely a plot by al-Qaeda to use violence to goad Iraqi factions into repeatedly attacking each other.

On the commodities markets, the trend was higher across the board again today: Light crude moved substantially higher by $1.47 today to close at $62.46 a barrel; Brent Crude remained at $59.46 a barrel; Heating Oil closed higher by $0.06 at $1.84 a gallon; Natural Gas climbed higher by $0.25 to end the day at $8.73 per million BTU and Unleaded Gas closed higher by$0.04 at $1.67a gallon.

Metals ended the session mostly lower across the board today: Gold moved lower by $1.90 to close at $641.80 an ounce; Silver closed lower by $0.05 at $13.76 an ounce; Platinum gained $1.80 to close at $1,152.40 an ounce and Copper ended the day lower by $0.02 to close at $3.16 per pound.

On the Livestock and Meat markets, the trend was mixed across the board again today: Lean Hogs moved higher by 0.18 to close at 64.70; Pork Bellies closed higher by 0.53 to end the day at 90.95; Live Cattle moved lower by 1.08 to end the day at 88.40 and Feeder Cattle ended the day lower by 0.63 to close at 97.95.

Other Commodities: Corn moved higher by 0.50 today to close at 385.25 and Soybeans moved lower by 4.00 to close at 682.25.

Bonds were mostly lower across the board today: 2 year Bond closed with no change at 99 28/32; 5 year bond moved lower by 3/32 to close at 100 14/32; 10 year bond moved lower by 4/32 to end the day at 100 26/32 and the 30 year bond closed lower by 14/32 at 98 3/32.

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 7,791,833. Open Interest for Futures climbed higher by 77,557 to close at 9,487,422 and the Open Interest for Options moved higher by 154,318 to close at 5,443,143 for a total Open Interest of 14,930,565 for a total gain on the day by 231,875. The mini Dow ended the session with a gain of 3 to close at 12256. The total Dow Exchange Volume for the day came in at 148,209 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.

New York Stock Exchange movers for the day: Rio Tinto plc (RTP) moved higher by 4.18 points on light volume to close at $211.66 on the day; Min Mobile TeleSystems OJSC (MBT) climbed 3.69 points to end at $47.40 on the session; NYMEX Holdings (NMX) fell sharply by 4.42 points to close the day at $118.08; Fluor Corporation (FLR) gained 2.94 points on the day to close at $85.32 and China Life Insurance Company Limited (LFC) gained 3.03 points on the day to close at $97.91.

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!


Agency / Source: Millennium-Traders


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker


Distribution / Indexing: [+]

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

Market Commentary for November 29, 2006 from

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 PRZOOM - Press & Newswire and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Contact: MTnews - 
814-445-1035 support[.]
PRZOOM / PRTODAY - Newswire Today 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 Press Releases From Millennium-Traders / Company Profile

Read Brokerage/Trading Most Recent Related Press Releases:

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
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' Announces Key Features - Makes it the Best Binary Options Signals Service
/RC/ Van Ecker Couder Associates Announce Expansion Program
Evanson Asset Management Dividend Stocks to Safeguard An All-weather Portfolio

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  SKS Media | SKS Associates Ltd

Visit  NAKIVO, Inc.

  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR 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 entrepreneur newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today