Search

ADP Jobs, GDP, Chicago PMI

by devteam September 30th, 2009 | Share

It’s one day before the start of the fourth quarter and global stock markets are rallying. US equity futures are looking to erase yesterday’s losses, and with appetite for stocks back in favor the US dollar is weaker this morning, though Treasury yields are lower across the curve. 

The main events today are the ADP private jobs survey, a regional business index from the midwest, and a speech from Dennis Lockhart (president of the Atlanta Fed).

In the headlines this morning, the IMF said losses from the financial crisis will be $600 billion less than previous estimates at a total of $3.4 trillion. It applauded various government and central bank policies in reducing systemic risks, but warned that the job is only half done as exit strategies have yet to be implemented.

As for US policy, Charles Plosser, president of the Philadelphia Fed, said yesterday that policy must be aggressive when the time is right. “The real challenge is not can we unwind, but when,” he said, adding: “I don't think the time is now.”

Key Releases Today:

8:15 â€

About the Author

devteam

Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs
Share

Comments

Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...