Market Analysis

November 3rd, 2010 9:56 AM
Bonds are improved this morning in advance of today's Fed announcement at approx 1:15 CST regarding quantitative easing.  The economic data today came in better than expected.  ADP's October Private Sector Employment Change report showed 43,000 additional jobs vs expectations for a 21,000 increase.  September Factory Orders were up 2.1% vs expectations for a 1.3% increase.  The October Institute of Supply Management (ISM) Service Sector Index came in at 54.3 vs expectations for a 53.0 reading. 
Posted by Matthew Breston on November 3rd, 2010 9:56 AMPost a Comment (0)
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