On Thursday, the FTSEurofirst 300 fell 2.8%, which was its biggest 1 day % fall in 10 weeks. The Dow Jones industrial fell 268.37 points, closing at 10,002.18. The Standard & Poor’s 500 Index fell 34.17 points, closing at 1,063.11. The Nasdaq Composite Index lost 65.48 points, closing at 2,125.43. The Nikkei ended down 2.9% at 10,057.09. The Topix lost 2.1% closing at 891.78.
Yesterday, the European Central Bank (ECB) kept interest rates at a record low of 1% and reiterated its view that the Eurozone’s economic recovery would be modest or uneven this year. In a recent Reuters poll, all 86 economists had expected the ECB to keep rates unchanged this month and only 2 had seen any change before the middle of the year. Last week the number of US workers filing for jobless benefits rose unexpectedly. Yesterday, the Labour Department said that initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 480,000 in the week ended 30 January,
Due for release today is the AUD RBA Monetary Policy Statement, GBP PPI Input m/m, CAD Employment Change, CAD Unemployment Rate, USD Non-Farm Employment Change and USD Unemployment Rate.
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on Friday, February 5th, 2010 at 10:14 am
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Morning Call by Greg Secker
On Thursday, the FTSEurofirst 300 fell 2.8%, which was its biggest 1 day % fall in 10 weeks. The Dow Jones industrial fell 268.37 points, closing at 10,002.18. The Standard & Poor’s 500 Index fell 34.17 points, closing at 1,063.11. The Nasdaq Composite Index lost 65.48 points, closing at 2,125.43. The Nikkei ended down 2.9% at 10,057.09. The Topix lost 2.1% closing at 891.78.
Yesterday, the European Central Bank (ECB) kept interest rates at a record low of 1% and reiterated its view that the Eurozone’s economic recovery would be modest or uneven this year. In a recent Reuters poll, all 86 economists had expected the ECB to keep rates unchanged this month and only 2 had seen any change before the middle of the year. Last week the number of US workers filing for jobless benefits rose unexpectedly. Yesterday, the Labour Department said that initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 480,000 in the week ended 30 January,
Due for release today is the AUD RBA Monetary Policy Statement, GBP PPI Input m/m, CAD Employment Change, CAD Unemployment Rate, USD Non-Farm Employment Change and USD Unemployment Rate.
By Greg Secker
This entry was posted on Friday, February 5th, 2010 at 10:14 am and is filed under Greg's Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.