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 September 06, 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 September 06, 2007 from Millennium-Traders.com

 

PRZOOM - /newswire/ - Somerset, PA, United States, 2007/09/06 - 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 Financial/Legal/Venture Announcements

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


 

We saw the markets whip from the green to red back to green zone, during the trading session. Trading activity was quite volatile today creating a difficult trading atmosphere for day traders as well as investors. Overall, the closing bell created a sign of relief for investors with the major indices closing positive, in the hands of the Bulls.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 57.88 points on the day to end the session at 13,363.35; the NYSE (New York Stock Exchange) posted a gain of 54.38 points to end the session at 9,637.55; the NASDAQ posted a minor gain of 8.37 points for a close at 2,614.32; the S&P 500 moved higher with a gain of 6.26 points to end at 1,478.55 and the RUSSELL 2000 moved higher by 2.46 points to close at 792.92. 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 world’s investable market capitalization) posted a gain of 1.40 points to close at 255.54 and the FTSE RAFI 1000 posted a gain of 25.13 points to close at 6,104.93.

Federal Reserve Bank of Atlanta President Dennis Lockhart commented today: August economic readings not conclusive; can't tell inflation impact of market turmoil; data are backward-looking, need current info; drop in household wealth may hit spending; Fed must focus on long-term mission; Fed will take action needed as things change; housing downturn will last longer; market turmoil is retreat from risky practices; no clear housing spillover to broader economy; sees greater uncertainty in economic outlook; sees progress, but not victory, on inflation; too early to see if economy is hurting and will do what's necessary for liquidity.

President of Federal Reserve Bank of Dallas, Richard W. Fisher commented today: what Fed says important as actual policy move; inflationary forces 'increasingly well behaved'; Fed job is to keep inflation contained and 'listening very carefully" to business conditions.

Member of the Federal Reserve Board of Governors, Randall S. Kroszner commented today: bank crises hit economy harder than other shocks; deeper markets have more negative impact in crises; Fed aims to promote transparency on securities; housing slump fairly sharp; could weaken more; Fed monitoring financial markets 'closely'; financial stress has spread outside mortgage markets; health of U.S. banking system 'quite good'; investors must assess risks of securities; investors need to do own 'due diligence'; investors shouldn't just rely on ratings; remarks 'reinforce' Bernanke's, Jackson Hole speech and transparency could be better on Securities.

President of the Federal Reserve Bank of St. Louis, William Poole commented today: business cycle matters more to jobs growth than trade; can't be slave to market expect, but important; correct Fed policy response not yet clear; Central Banks have responsibility to limit downside; don't doubt much downside potential in market woes; don't think markets going to push Fed into any decision; economy seems to be operating near full employment; good thing if policy side effect helps markets; impact of financial market moves on broad economy less clear; little evidence trade destroys jobs in U.S.; markets should focus on data, not what Fed speakers say; must balance rate cut s/t benefit versus l/t impact; need to rely on anecdotal info more heavily than usual; no question of financial market impact on housing market; policy-makers must maintain commitment to free trade; problem with rating agencies is securities issuers pay; prolonged market turmoil would impact real economy; rate cuts tend to stimulate wider economy; recent earnings figures also positive; recent slower job creation reflects slower workforce gain; shouldn't assume econ about to nose-dive; take market policy expectations very seriously; U.S. job growth seems to be lagging GDP and U.S. Labor market strong, though 2007 numbers not as robust.

Mortgage Bankers Association data released today: total loans past due 5.12% in second quarter versus 4.84% in first quarter; at least 19% of sub-prime ARM’s delinquent in 18 states; total sub-prime ARM’s past due in second quarter 16.95% versus 15.75% first quarter and total prime loans past due in second quarter 2.73% versus 2.58% in first quarter.

European Central Bank President Jean-Claude Trichet commented today: 2007 GDP revision due in part to higher risk premium; additional info needed before conclusions drawn; additional longer-term refinance op launched shortly; appropriate Euro Money Market Steering important; appropriate monitoring of economy evolution necessary; collateral allowed today seems "comfortable"; did not discuss marginal rate move; downside risks to medium-term growth; Euro Zone consumption should strengthen further; Euro-System refinance operation large versus U.S.; Euro Zone first quarter growth was in line with potential; full confidence in BOJ policy decisions; global economic activity expected to be robust; in close contact with other Central Banks; inflation to rise above 2.0% year-end; liquidity operations separate from monetary policy stance; main ingredient lacking currently is confidence; market volatility, risk reappraisal lift uncertainty; money, credit growth vigorous; need for more transparency across the board; not comparing CPI, economic risks for rate verdicts; notes he did not pronounce "strong vigilance"; oil, agriculture and taxes pose upside CPI risks; policy still on accommodative side; political interference could backfire; prefers voluntary transparency benchmarks; private sector perceptions strongly affect money growth; rate decision today was unanimous; real economy will behave properly is baseline view; real GDP is growing at sustained rates; recent Macro economic data confirm strong fundamentals; reprimands attempted political influence on ECB; respond wisely, quickly to money market moves; responsible for CPI and money market functions; risk focus is always on price stability; same conclusions drawn after Asian crisis; short-term measures can't hamper long-term goals; short-term rate rises have influenced developments; spoke to Fed president 5 times in recent period; term markets hampered by absence of confidence; too early to draw definitive lessons from market; transparency is of the essence for markets; upward risks to price stability over medium term; uncertainty means need to gather new data and very careful monitoring of monetary developments.

Economic Data:

ECB Announcement: European Central Bank Governing Council decides on monetary policy. ECB Staff Projects 2007 Growth of 2.2% to 2.8%; ECB Staff Projects 2008 Growth of 1.8% to 2.8%; ECB Staff Projections of 2007 Growth Slightly Lower; ECB Staff Projects 2007 Annual Inflation of 1.9% to 2.1%; ECB Staff Projects 2008 Annual Inflation of 1.% to 2.5% and ECB Staff Projects 2008 Annual Inflation of 1.5% to 2.5%. ECB refinance operations modest compared to typical volumes; ECB to "very closely" monitor price risks; ECB to act in a "firm and timely manner" and ECB to pay great attention to money markets.

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. Week of August 25th U.S. Continuing Claims rose by 25K to 2,598,000 and U.S. Jobless Claims fell by 19K to 318K for week of September 1st compared to survey of a drop by 4K.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture 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
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Market Commentary for September 06, 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 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 - Millennium-Traders.com 
814-445-1035 support[.]millennium-traders.com
 
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.

Financial/Legal/Venture 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 Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


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



PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | 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 entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today