Thread: Market News

That just gives us more reason to "climb the wall of worry" then, since it could factor into the Fed deciding to keep interest rates down a bit longer.

US 2Q GDP at 4.2% vs. 4.0% est; weekly jobless claims at 298K vs 300K est

weatherweenie......US 2Q GDP at 4.2% vs. 4.0% est; weekly jobless claims at 298K vs 300K est

Thanks for posting W.W.,,,
But who are they kidding ?? 4.2 % GDP ?? C'mon, talk about a manufactured number.
CBO, I believe, just came out with 1.5 % annual GDP estimate, now THAT looks like a realistic number..

The National Association of Realtors' monthly "pending home sales" index rose 3.3 percent in July over June but is still 2.1 percent below its level in July 2013.

The pan-European Euro Stoxx 600 index surged higher on the news with the central bank also cutting its refinancing rate, its marginal lending rate and its main deposit rate

ADP says private jobs up 204,000 in August vs. estimate of 220,000

LINK
European Central Bank Cuts Rate Further, Paving Way for More Drastic Measures

Uh oh......we might not be out of this global recession yet!

Originally Posted by Frixxxx

LINK
European Central Bank Cuts Rate Further, Paving Way for More Drastic Measures

Uh oh......we might not be out of this global recession yet!

Blame it on the Ukraine crisis. Looking for a way to get money to keep the country from going bankrupt.

ADP payrolls miss... only 204K, lowest since March.. Not good for Gov't jobs number tomorrow...


ADP Private Payrolls Miss, Add Only 204K Private Jobs, Lowest Since March | Zero Hedge

The Institute for Supply Management said its services index rose to 59.6 last month from 58.7 in July. The August reading was the highest since March 2005 and topped economists' forecasts for 57.5, according to a Reuters survey. A reading above 50 indicates expansion in the sector.

Ouch

US created 142,000 jobs in August vs 225,000 est; jobless rate at 6.1% vs 6.1% est