It's The Economy Stupid: Market Close at 12 Central / 1 Eastern

Coup d'état Egypt?

Jobless Claims were good.

Continuing Claims were good.

Challenger Job Cuts increases slightly, not so good.

RBC Consumer Outlook was down slightly, not so good.

ADP Employment Change was good.

Trade Balance increased, not so good.

MBA Mortgage Application decreased,  not so good (but understandable because interest rates are UP).

 

The stock market closed at 12 noon Central, the bond market closes at 1 PM Central.

 

Description	Ticker	Last	CHANGE	% Chg Today	Pct Chg 1Yr
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	14988.090	55.6800	0.3729	15.9312
S&P 500 Index	SPX Index	1615.770	1.6900	0.1047	17.7883
NASDAQ 100 Index	NDX Index	2941.410	11.7760	0.4020	11.3812
NASDAQ Composite Index	CCMP Index	3443.670	10.2740	0.2992	15.8561
Russell 3000 Index	RAY Index	962.350	0.8200	0.0853	18.5312
Russell 1000 Index (Large Cap)	RIY Index	896.180	0.7000	0.0782	18.3219
Russell 2000 Index (Small Cap)	RTY Index	991.090	1.5500	0.1566	21.0778
Wilshire 5000 Total Market	W5000 Index	17102.620	11.4200	0.0668	18.6796
TREASURIES	% Yield
3 Month Treasury	0.0406		0.0150	75.0000
6 Month Treasury	0.0761		0.0000	0.0000
2 Year Treasury	0.3552	100.031	-0.0234	-0.0234
5 Year Treasury	1.3994	99.836	-0.1641	-0.1641
10 Year Treasury	2.4901	93.500	-0.2344	-0.2500
30 Year Treasury	3.4867	88.578	-0.3594	-0.4041
ENERGY
Crude Oil, Brent Index	Brent Crude	105.770	1.7700	1.7019	6.7469
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	107.100	0.8000	0.7526	6.4500
Natural Gas, Henry Hub Index	Nat Gas	3.626	-0.0280	-0.7663	0.1652
PRECIOUS METALS
Spot Gold $/oz	GOLD	1250.330	6.8400	0.5501	-22.6463
Spot Silver $/oz	SILVER	19.712	0.3090	1.5926	-30.3182
CURRENCIES
Euro	EUR Curncy	0.769	-0.0019	-0.2466	-3.0765
Japanese Yen	JPY Curncy	100.100	-0.5300	-0.5267	-20.2419
British Pound	GBP Curncy	0.655	-0.0049	-0.7426	2.6671
Swiss Franc	CHF Curncy	0.947	-0.0039	-0.4103	0.6232
Canadian Dollar	CAD Curncy	1.052	-0.0026	-0.2466	-3.8198
Chinese Renminbi	CNY Curncy	6.131	-0.0022	-0.0359	3.6341
FOREIGN INDICIES
FTSE 100 INDEX	UK	6229.870	-74.0700	-1.1750	9.5317
CAC 40 INDEX	FRANCE	3702.010	-40.5600	-1.0838	13.1698
DAX INDEX	GERMANY	7829.320	-81.4500	-1.0296	19.0190
NIKKEI 225 INDEX	JAPAN	14055.560	-43.1800	-0.3063	54.3860
HANG SENG INDEX	HONG KONG	20147.310	-511.3400	-2.4752	2.2200
SHANGHAI COMP INDEX	CHINA	1994.268	-12.2920	-0.6126	-10.4631

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

It's The Economy Stupid: Economic Stuff

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Initial Jobless Claims	JUN  29	345K	343K	346K	348K
Continuing Claims	JUN 22	2958K	2933K	2965K	2987K
Challenger Job Cuts YoY	JUN		4.80%	-41.2%
RBC Consumer Outlook Index	JUL		50.7	51.8
ADP Employment Change	JUN	160K	188K	135K	134K
Trade Balance	MAY	-$40.1B	-$45.0B	-$40.3B
MBA Mortgage Applications	JUN 28		-11.7%	-3.0%

 

Jobless Claims was good.

Continuing Claims was good.

Challenger Job Cuts increases slightly, not so good.

RBC Consumer Outlook was down slightly, not so good.

ADP Employment Change was good.

Trade Balance increased, not so good.

MBA Mortgage Application decrease, definitely not so good.

 

God Bless America!

 

Have a happy and healthy Independence Day!

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

It's The Economy Stupid: Market Close

The Arab Spring seems to have turned into the Arab Summer in Egypt.  The market was up pretty good this morning before giving up much of its gains this afternoon.  Still, U.S. stocks rose today (that’s a good thing), rebounding from June’s first monthly loss since October 2012, and metals led commodities higher as reports bolstered optimism in manufacturing from Japan to Europe to the U.S.

 

In the U.S., the Institute for Supply Management’s factory index climbed to a three-month high of 50.9, beating the median economist forecast.  This signaled that American manufacturing rebounded in June as orders picked up, while factory reports from Japan to the U.K. pointed to stabilization in the global economy.    The ISM’s index climbed to 50.9 in June from 49 in May.   A reading of 50 is the dividing line between expansion and contraction.  And   the Bank of Japan’s Tankan report signaled manufacturers’ confidence increased for the first time since 2011 and another report showed euro-area manufacturing output shrank less than initially estimated.

 

June was not a kind month for investors.  More than $2.6 trillion was erased from the value of global equities last month as speculation mounted that the Federal Reserve will curb stimulus measures this year.  U.S. government securities handed investors a loss of 2.5 percent in the first six months of 2013.

 

Description	Ticker	Last	CHANGE	% Chg Today	Pct Chg 1Yr
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	14974.960	65.3600	0.4384	16.2811
S&P 500 Index	SPX Index	1614.960	8.6800	0.5404	18.8202
NASDAQ 100 Index	NDX Index	2927.346	17.7470	0.6099	11.9104
NASDAQ Composite Index	CCMP Index	3434.490	31.2430	0.9180	16.9630
Russell 3000 Index	RAY Index	962.220	6.3700	0.6664	19.6645
Russell 1000 Index (Large Cap)	RIY Index	896.150	5.4800	0.6153	19.3323
Russell 2000 Index (Small Cap)	RTY Index	989.840	12.3600	1.2645	23.7423
Wilshire 5000 Total Market	W5000 Index	17108.420	116.2800	0.6843	19.9226
TREASURIES	% Yield
3 Month Treasury	0.0152		-0.0200	-66.6667
6 Month Treasury	0.0964		0.0000	0.0000
2 Year Treasury	0.3514	100.039	0.0000	0.0000
5 Year Treasury	1.3799	99.977	0.0703	0.0704
10 Year Treasury	2.4747	93.688	0.0938	0.1002
30 Year Treasury	3.4747	88.891	0.4063	0.4591
ENERGY
Crude Oil, Brent Index	Brent Crude	103.050	0.8900	0.8712	5.5026
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	105.090	1.2800	1.2330	8.2400
Natural Gas, Henry Hub Index	Nat Gas	3.587	0.0220	0.6171	0.1119
PRECIOUS METALS
Spot Gold $/oz	GOLD	1253.520	18.9500	1.5350	-21.4680
Spot Silver $/oz	SILVER	19.610	-0.0550	-0.2797	-28.6750
CURRENCIES
Euro	EUR Curncy	0.766	-0.0032	-0.4163	-3.7223
Japanese Yen	JPY Curncy	99.610	0.4700	0.4741	-20.1446
British Pound	GBP Curncy	0.657	-0.0003	-0.0456	3.1225
Swiss Franc	CHF Curncy	0.945	0.0001	0.0106	1.0048
Canadian Dollar	CAD Curncy	1.050	-0.0022	-0.2091	-3.1054
Chinese Renminbi	CNY Curncy	6.133	-0.0049	-0.0798	3.5384
FOREIGN INDICIES
FTSE 100 INDEX	UK	6307.780	92.3100	1.4852	13.2222
CAC 40 INDEX	FRANCE	3767.480	28.5700	0.7641	17.8571
DAX INDEX	GERMANY	7983.920	24.7000	0.3103	24.4322
NIKKEI 225 INDEX	JAPAN	13852.500	175.1800	1.2808	53.8572
HANG SENG INDEX	HONG KONG	20803.290	363.2100	1.7770	7.0048
SHANGHAI COMP INDEX	CHINA	1995.242	16.0360	0.8102	-10.3709

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us