ADVFN Newsdesk - Mood Cautious Despite Commodity Rebound

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 09 December 2015 09:38:08    Monitor Quote Charts News Toplists Forex Boards   The 10-Minute Investor Consistently outperform the market in less than 10 minutes a day.  Discover a step-by-step system to move from inconsistent to consistent gains in the stock market. Break free of the old, broken investing model and plug-in to a successful investing plan. Attend my free webinar and learn: My 3-Part stock buying checklist My 10-Minute Routine 4 big mistakes to avoid. LEARN MORE US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a mixed opening on Wednesday, with sentiment reflecting caution despite the losses in the previous two sessions. Although commodities are bouncing back on bargain hunting and the weakening of the dollar, the mood across the Atlantic is downbeat. Among global data points, Chinese consumer price inflation accelerated more than expected, offering a glimmer of hope concerning a pick up in domestic demand in China. Japan reported strong machinery orders data. However, weak German export data may work on the psyche of traders. In the absence of any major domestic catalysts, even a rebound, if it materializes, could be shaky unless supported by a strong rebound by commodities. U.S. stocks ended Tuesday's session lower, although well off the lows of the session, as commodity prices remained under pressure and the absence of any major domestic catalysts created indecision among traders. The major averages opened Tuesday's session notably lower amid risk aversion and moved roughly sideways in early trading. After trimming some of the losses by early afternoon trading, the Dow Industrials and the S&P 500 Index moved roughly sideways for the rest of the session. The former ended down 162.51 points or 0.92 percent at 17,568 and the latter lost 13.48 points or 0.65 percent before closing at 2,064. The Nasdaq Composite moved briefly into positive territory by early afternoon trading but pulled back immediately after. The index went back and forth across the unchanged line in a narrow range in the afternoon before ending down 3.57 points or 0.07 percent at 5,098. Twenty-eight of the thirty Dow components closed lower for the session, with Exxon Mobil (XOM), Boeing (BA), Caterpillar (CAT), JP Morgan Chase (JPM), United Technologies (UTX) and Wal-Mart (WMT) leading the slide. Transportation, resource, housing and financial stocks were among the worst performers of the session, while biotechnology stocks gained ground Download your complimentary Intro to Technical Analysis guide After a short course in the who, what, when, where and why of technical analysis, this guide will cover the ground from trendlines to popular market studies, as well as how to apply technical analysis to your own trading. Download It Here. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts The Commerce Department is set to release its wholesale inventories report for October at 10 am ET. Economists expect wholesale inventories to have risen by 0.2 percent month-over-month. Wholesale inventories were up a more than expected 0.5 percent month-over-month in September. The previous month's growth was also upwardly revised to 0.3 percent. Annually, inventories were up 4.7 percent. Wholesale sales also increased by 0.5 percent compared to the previous month but were down 3.9 percent from a year ago. The Energy Information Administration is scheduled to release its petroleum status report for the week ended December 4th at 10:30 am ET. Crude oil stockpiles rose by 1.2 million barrels to 489.4 million barrels in the week ended November 27th, with stockpiles near levels not seen for this time of the year in at least the last 80 years. Gasoline inventories edged up by 0.1 million barrels and were well above the upper limit of the average range. Distillate inventories also climbed by 3.1 million barrels and were in the upper half of the average range for this time of the year. Refinery capacity utilization averaged 91.6 percent over the four weeks ended November 27th compared to 90.1 percent over the four weeks ended November 20th. Find Winning Trades in Minutes! 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In order to best drive long term value of shareholders, the Board will now evaluate alternative transaction structures to separate the Alibaba stake. General Electric is nearing a deal to sell its commercial-lending business in Japan to Sumitomo Mitsui Financial Group's leasing arm for $4.7 billion, according to a Wall Street Journal report. A separate WSJ report suggested Dow Chemical Co. (DOW) and DuPont (DD) are in advanced merger talks. UAL (UAL) reported that its consolidated traffic rose 4.2 percent year-over-year in November and capacity was up 1.9 percent. Consolidated load factor rose 1.8 percentage points. ABM Industries (ABM) reported higher fourth quarter adjusted earnings from continuing operations and revenues. However, the company's full year adjusted earnings per share from continuing operations guidance was weak. Wynn Resorts (WYNN) announced that its CEO Stephen Wynn has bought 1.004 million shares of the company on the open market. Krispy Kreme (KKD) reported in line-adjusted earnings for its third quarter but revenues were below estimates. The company updated its adjusted earnings per share outlook for the full year, which was positive. Oxford Industries (OXM) reported a loss per share from continuing operations for its third quarter, reversing from a profit in the same period last year. The company's revenues also declined year-over-year. The company's full year guidance was weak. Bristol-Myers (BMY) announced a 3 percent increase in its quarterly dividend, beginning in the first quarter of 2016. MasterCard (MA) announced a 19 percent increase in its quarterly dividend to 19 cents per share and a new program to buy back $4 billion worth of its Class A common stock. Comtech Telecom (CMTL) and Men's Wearhouse (MW) are among the companies due to release their quarterly results after the close of trading. 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Electrolux said it is looking to boost profitability by taking actions, including staff reduction and downsizing of activities, mainly in the U.S., Sweden and China. On the economic front, German exports and imports both declined more than expected in October, data released by the German Federal Statistical Office revealed. Exports fell 1.2 percent month-over-month in October after jumping 2.6 percent in September. Shipments were expected to fall 0.6 percent. Imports declined 3.4 percent in contrast to September's 3.8 percent increase. Economists had expected a 1 percent drop. The German trade surplus subsequently rose to a seasonally adjusted 20.8 billion euros in October from about 19.2 billion euros a month ago. Download your complimentary Intro to Technical Analysis guide After a short course in the who, what, when, where and why of technical analysis, this guide will cover the ground from trendlines to popular market studies, as well as how to apply technical analysis to your own trading. Download It Here. Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The major Asian markets fell yet again as risk aversion continued to hold sway, with the Japanese, South Korean and Indonesian markets leading the way lower. Data showing faster than expected acceleration in Chinese inflation did not augur well for further stimulus, generating selling pressure. However, the Chinese and New Zealand markets bucked the downtrend. The Japanese market retreated, as the yen remained firm. The Nikkei 225 Index opened lower and traded below the unchanged line before falling sharply in early afternoon trading. Thereafter, the average moved sideways before closing down 191.53 points or 0.98 percent at 19,301. Stocks fell across the board, cutting across sectors. Sony Financial, Chiyoda, Panasonic, Tokia Carbon and Unitika fell the most, while some oil and electric utility stocks advanced. Australia's All Ordinaries Index languished below the unchanged line for much of the session before ending down 28.10 points or 0.54 percent at 5,130. Industrial, financial, consumer, real estate and telecom stocks fell notably, while a small rebound in energy and other commodity prices in the Asian session supported the resource space. Hong Kong's Hang Seng Index closed at 21,804, down 101.37 points or 0.46 percent, while China's Shanghai Composite Index ended a volatile session up 2.37 points or 0.07 percent at 3,472. On the economic front, China's National Bureau of Statistics released its consumer and producer price inflation reports, showing a mixed trend. As both food and non-food prices rose, annual consumer price inflation accelerated to 1.5 percent in November from 1.3 percent in October, although it is still substantially below the government's year-end target of 3 percent. Economists expected a slower pick up to 1.4 percent. Meanwhile, producer prices in China fell for the forty-fifth consecutive month, falling 5.9 percent, the same rate of decline as in October but more modest than the 6 percent decline estimated by economists. A report released by Japan's Cabinet Office showed that core machinery orders in Japan rose 10.7 percent month-over-month in October, belying expectations for a 1.5 percent drop. Annually, core machinery orders jumped a bigger than expected 10.3 percent. The results of a survey by Westpac showed that confidence among Australian consumers eased in December. The index fell 0.8 percent to 100.8. The Australian Bureau of Statistics reported that home loans in Australia fell 0.5 percent month-over-month in October, slower than the 1 percent drop forecast by economists. Investment lending fell 6.1 percent compared to an 8.2 percent plunge in September. You''l Never Trade The Same Way Again! Breakthrough strategy can teach ANY trader to find, execute and manage profitable options trades in less than 10 minutes Click here to see how Currency and Commodities Markets Crude oil futures are rising $0.26 to $37.77 a barrel after slipping $0.14 to $37.51 a barrel on Tuesday. Meanwhile, an ounce of gold is trading currently at $1,078.70, up $3.40 from the previous session's close of $1,075.30. On Tuesday, gold edged up by $0.10. On the currency front, the U.S. dollar is trading at 122.43 yen compared to the 122.93 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.0952 compared to yesterday's $1.0892.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49