Nomura sees the Empire data as a slight cooling in mfg.

Market news

16 May 2011

Nomura sees the Empire data as a slight cooling in mfg.

They say "By constructing the responses of the Empire State survey into an ISM-like index, we get a reading of 58.1 in May, a healthy improvement from 57.1 in April. The new orders and employment indices both registed promising readings in May."

June WTI Nymex crude grinding higher after earlier falls to $97.66, with a steady rally to $98.86, where it currently trades. Support is seen at $97.50 and $96.46 with resistance at $100.70 and $102.84.

Dow -37.09 at 12558.66, Nasdaq -9.39 at 2819.08, S&P -2.87 at 1334.90

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