Quicken Loans Capital Markets Update for January 8, 2010
The much anticipated December Non-Farm Payroll report was released this morning. Investors were expecting it to continue the trend of improved economic data. Specifically, payrolls were projected to be unchanged in December after falling every month since January of 2008 (23 consecutive months).
The actual number showed a loss of 85,000. The unemployment rate was also expected to be unchanged at 10.0%. The actual number came in as expected at 10.0%.
This foliage the report just 0.2% points below the 26-year high of 10.2% posted in October.
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Capital Markets, Capital Markets Update, Markets Update, Update
Quicken Loans Capital Markets Update for the sake of January 4, 2010
We are opening up with a fairly busy economic calendar this year, with some of the key releases being today’s ISM Manufacturing Index, Tuesday’s November Pending Home Sales release, and Friday’s December employment number. The ISM Index finished off on a profoundly note today at 55.9, which is significantly higher than November’s 53.6. Readings above 50 indicate economic expansion.
The ISM Manufacturing Index is based on surveys of 300 purchasing managers nationwide, to represent 20 different industries of the manufacturing sector. This is
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Capital Markets, Capital Markets Update, Ism, Markets Update
Quicken Loans Capital Markets Update for December 31, 2009
The market will be closing early today in remembrance of the New Year’s holiday. Treasury prices are lower this morning attached the better than expected initial jobless claims and continuing claims reports.
Fewer folks filed claims for unemployment benefits last week. The number of unemployment claims dropped by 22,000 down to 432,000.
Have a great New Year’s!
Capital Markets, Capital Markets Update, Markets Update, Update
Quicken Loans Capital Markets Update for December 22, 2009
The stock market is up and mortgages are falling, even after the GDP report showed the world’session largest economy expanded less than forecast in the third quarter. Investors are fearful that the U.S. recovery will fuel self-conceit and reduce demand at record government debt sales.
Capital Markets Update, Gdp Report, Markets Update, Report