Thread: Simon Property Group

Daily Market Commentary for February 16, 2010

Simon Property Group

Simon Property Group announced Tuesday that they are placing a $10 billion bid to purchase their #1 competitor, General Growth Properties. (Read more at http://www.millennium-traders.com/ne...ruary1610.aspx)

Economic data released today:

Empire State Manufacturing Index:
New York Fed February Prices Received 4.17 versus 2.67 in January; New York Fed February Employment 5.56 versus 4.00 in January; New York Fed February New Orders 8.78 versus 20.48 in January; New York Fed's February Manufacturing Index 24.91 versus 15.92 in January.

Treasury International Capital [TIC] Net Long-Term Transactions:
Foreigners Net Buyers $20.1B of U.S. Equities in December; Foreigners Net Sellers $7.9B of U.S. Corp Bonds in December; Foreigners Net Buyers $49.0M of U.S. Agency Debt in December; Foreigners Net Buyers $69.9B U.S. Treasury Notes, Bonds in December; Net Foreign Capital Inflow $60.9B in December; Net LT Securities Purchases $63.3B in December; Net Foreign LT Securities Purchases $50.9B in December.

NAHB Housing Market Index:
U.S. NAHB February Housing Index 17 versus 15 in January.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain 167.78 points, EOD 10,266.92
NYSE (New York Stock Exchange) triple digit gain 138.17, EOD 7,013.35
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 28.61 points, EOD 2,212.14
S&P 500 (SPX) gain 19.22 points, EOD 1,094.73
BEL 20 (BEL20) gain 14.01 points, EOD 2,475.48
CAC 40 (CAC40) gain 69.97 points, EOD 3,669.04
FTSE100 (UKX100) triple digit gain 101.61 points, EOD 5,244.06
NIKKEI 225 (NIK/O) shed 57.94 points, EOD 10,034.25

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,558 declined stock prices 547, unchanged stock prices 102, stock prices hitting new highs 123 and stock prices hitting new lows 7. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FAS gain 4.58, HOD 70.07, LOD 66.13, EOD 70.00; CF gain 3.07, HOD 106.98, LOD 101.93, EOD 103.57; RTP gain 8.79, HOD 212.90, LOD 208.19, EOD 211.84; X gain 3.16, HOD 51.57, LOD 49.05, EOD 51.14; POT gain 1.57, HOD 114.10, LOD 112.63, EOD 113.17; SWM shed 0.33, HOD 51.97, LOD 47.77, EOD 50.66; CME gain 6.08, HOD 298.48, LOD 292.50, EOD 297.15.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,953, declined stock prices 776, unchanged stock prices 123, stock prices hitting new highs 110 and stock prices hitting new lows 8. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TEVA shed 0.72, HOD 59.00, LOD 57.89, EOD 58.14; UTHR shed 2.78, HOD 59.30, LOD 55.86, EOD 57.19; FSLR gain 6.26, HOD 122.79, LOD 116.04, EOD 121.36; BIDU gain 1.47, HOD 493.96, LOD 486.85, EOD 489.47; PCLN gain 3.43, HOD 212.25, LOD 208.75, EOD 211.21.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 328, declined stock prices 164, unchanged stock prices 41, stock prices hitting new highs 11 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1093.50; Change 14.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,800.25; Change 17.50
E-mini DOW $5 (YM) Mar 10: EOD 10,247; Change 130
E-mini S&P MidCap 400 (MF) Mar 10: EOD 726.60; Change 9.90
Nikkei 225 (Yen) Mar 10: EOD 10,190; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7264 U.S. Dollars 1.3766
Japanese Yen 90.1300 to U.S. Dollars 0.0111
British Pound 0.6334 to U.S. Dollars 1.5788
Canadian Dollar 1.0433 to U.S. Dollars 0.9585
Swiss Franc 1.0662 to U.S. Dollars 0.9379

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $3.04, EOD $77.17 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.08, EOD $2.00 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.15, EOD $5.30 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.06, EOD $1.99 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) gain $30.00, EOD $1,120.00 ($US per Troy ounce)
Silver (March 10) gain $0.64, EOD $16.09 ($US per Troy ounce)
Platinum (April 10) gain $29.60, EOD $1,540.70 ($US per Troy ounce)
Copper (May 10) gain $0.14, EOD $3.24 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.08, EOD $68.28
Pork Bellies (March 10) shed $0.40, EOD $85.60
Live Cattle (April 10) gain $1.40, EOD $92.18
Feeder Cattle (March 10) gain $1.38, EOD $101.13

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $5.50, EOD $379.00
Soybeans (May 10) gain $20.00, EOD $974.50

BOND MARKET:
2 year EOD 100 4/32, change 2/32, Yield 0.80, Yield change -0.03
5 year EOD 99 24/32, change 5/32, Yield 2.30 Yield change -0.03
10 year EOD 99 22/32, change 8/32, Yield 3.66 Yield change -0.03
30 year EOD 99 27/32, change 9/32, Yield 4.63, change -0.02

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Millennium-Traders.Com

Maintaining investment properties may reduce the investor's income taxes when certain expenses related to the investments are deducted from his income. Expenses relating to the maintenance of rental property are generally deducted from the investor's gross income. When allowed as tax deductions, the amounts claimed will lower the total taxable income and reduce the investor's tax bill. The Australian Tax Office allows only specific expenses as investment property tax deductions. These require proper recording and maintenance of records to substantiate expenses.

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