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US jobless rate
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bola_no1
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03-Apr-2009 23:12
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Dow still climbing leh |
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ticklish8
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03-Apr-2009 21:27
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just come out from Reuters NEW YORK, April 3 (Reuters) - The price on U.S. 10-year Treasury notes flattened on Friday, paring earlier losses, as stock index futures turned lower following a brief rise after the government reported March payroll data that was not as dire as feared Benchmark U.S. 10-year notes’ price was unchanged from Thursday after falling as much as 16/32. Their yield which moves inversely to their price was 2.78 percent after hitting a high of 2.83 percent. Ten-year yield ended at 2.77 percent on Thursday. (Reporting by Richard Leong; Editing by Theodore d’Afflisio) |
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ticklish8
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03-Apr-2009 21:25
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yup have turn April 3 (Bloomberg) – U.S. stock-index futures retreated after the unemployment rate climbed to a 25-year high of 8.5 percent in March, spurring concern that a deteriorating job market will thwart government efforts to stimulate growth. Walt Disney Co., Motorola Inc. and UAL Corp. dropped at least 2.2 percent after the government said employers cut 663,000 jobs last month, 3,000 more than the average estimate in a Bloomberg survey of economists. Bank of America Corp. and U.S. Bancorp slipped after Goldman Sachs Group Inc. said changes to fair-value accounting rules won’t spur a rally in financials. Futures on the Standard & Poor’s 500 Index expiring in June slipped 0.5 percent to 831.1 at 9:05 a.m. in New York. Dow Jones Industrial Average futures lost 53 points to 7,905 and Nasdaq- 100 Index futures slipped less than 0.1 percent to 1,300.75. “Expectations were for a much worse-than-expected reading so from a trading standpoint an in-line reading is a positive, but from an economic standpoint there’s nothing to celebrate,” said Dan Greenhaus, an equity analyst for New York-based brokerage Miller Tabak & Co. The S&P 500 has risen 2.3 percent since March 27. Should it remain higher, the measure would post the first four-week rally since jumping to a record 1,565.15 in October 2007. U.S. stocks rallied yesterday, extending a global advance, as world leaders agreed on measures to fight the recession and accounting regulators approved a rule change that may boost bank profits. The S&P 500 and the Dow both closed at their highest levels since the second week of February. S&P 500 Rebound The S&P 500 has surged 23 percent since sinking to a 12- year low of 676.53 on March 9 as banks from Citigroup Inc. to JPMorgan Chase & Co. said they made money in the first two months of 2009 and Treasury Secretary Timothy Geithner unveiled plans to finance as much as $1 trillion in purchases of distressed assets from financial firms. Financial shares in the index have led the rebound, surging 54 percent collectively since March 6 as Federal Reserve Chairman Ben S. Bernanke delivers record-low mortgage rates and a refinancing boom that’s putting cash in consumers’ pockets. Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said yesterday in a statement. Home-loan applications in the U.S. rose for the fourth straight week last week as a decline in borrowing costs spurred homeowners to refinance, while purchases of new houses unexpectedly rose in February. All 10 industry groups in the S&P 500 have climbed at least 11 percent since March 9, with industrial, raw-materials and so- called consumer discretionary companies rallying more than 30 percent. The S&P 500 has trimmed its 2009 loss to 7.6 percent from as much as 25 percent. The benchmark index for U.S. stocks slumped 38 percent last year, its worst annual return since the Great Depression, after mounting credit-market losses dragged the nation into a recession. Earnings for companies in the index decreased 61 percent in the fourth quarter of 2008, according to data compiled by Bloomberg. The first quarter of 2009 is projected to be the ninth straight decline in corporate profits, the longest since the government began tallying quarterly data in 1947. For Related News and Information: Stories on U.S. stocks: NI USS GO Top stories on stocks: TOP STK GO Market map of the S&P 500: SPX Index IMAP GO Global heat map: MMAP GO Most-active U.S. stocks: MOST US GO Feature stories on U.S. stocks: TNI USS FEA GO Stories on U.S. stock options: NI USO GO –Editors: Michael Regan, Nick Baker. To contact the reporter on this story: Elizabeth Stanton in New York at +1-212-617-5937 or estanton@bloomberg.net. To contact the editor responsible for this story: Nick Baker at +1-212-617-5919 or nbaker7@bloomberg.net. -0- Apr/03/2009 13:06 GMT 04-03-09 0906EDT |
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jonahach
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03-Apr-2009 21:15
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Futures show -ve |
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ticklish8
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03-Apr-2009 20:51
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Market reaction INSTANT VIEW 9-US March payrolls fall 663,000 NEW YORK, April 3 (Reuters) - U.S. employers slashed 663,000 jobs in March, lifting the unemployment rate to 8.5 percent, the highest since 1983, official data showed on Friday in a report underscoring the growing distress in the labor market. Story: Table: KEY POINTS: * The Labor Department also revised January data to show job losses of 741,000 that month, the biggest decline since October 1949, as the economy battles a recession that has entered its 16th month. * The decline in non-farm payrolls in February was unrevised at 651,000. * Analysts polled by Reuters had forecast non-farm payrolls falling 650,000 in March. * They had forecast the unemployment rate rising to 8.5 percent from 8.1 percent the prior month. COMMENTS: TOM BENTZ, ANALYST, BNP PARIBAS COMMODITY FUTURES INC. NEW YORK; “The market is dipping but still pretty resilient. Crude spiked higher over night. The jobs data was better than consensus supported stock markets, and energy initially bumped up slightly also.” CUMMINS CATHERWOOD, MANAGING DIRECTOR, BOENNING AND SCATTERGOOD, WEST CONSHOHOCKEN, PENNSYLVANIA: “The thinking at 8.35 a.m. is that we’re probably seeing the worst of it. Who the heck knows for certain, but this has been pretty darn dismal. “We are near the bottom, I really believe. But there’s obviously stuff that can happen to change that analysis. We don’t yet know how this automotive thing is going to turn out. That could be very disruptive. But I like what’s happening here.” DAVID RESLER, CHIEF ECONOMIST, NOMURA SECURITIES INTERNATIONAL, NEW YORK: “What is actually amazing is I can’t remember an instance where the actual number was so close to the consensus across the board. Generally the report is about what you would have expected. Jobless claims have been telling us that we are looking at another ugly payrolls number, and this is ugly. It doesn’t alter the bigger picture. It is confirming what we thought. This is telling us that there has been and continues to be a swift and aggressive reduction in employment.” ASHRAF LAIDI, CHIEF MARKET STRATEGIST, CMC MARKETS, LONDON: “The reaction in currency markets is purely a risk play, emerging on the fact that the unemployment rate and payrolls both came in within expectations, however negative these figures are for the U.S. economy. Considering that the dollar remains under pressure during the current bear market rally in equities, we could see prolonged downside pressure on the currency as the macro economic story in the U.S. continues to stand in the way of the currency. Interestingly, the U.S. unemployment rate has now risen above that of Germany and the euro zone, a historic feat that only gauges the extent of the macro economic damage in the U.S.” MATT ESTEVE, FOREIGN EXCHANGE TRADER, TEMPUS CONSULTING, WASHINGTON DC: “It’s a pretty awful number but it was almost to be expected. What is really important is the unemployment rate: at 8.5 percent, it is just too high. There seems to be no bottom in the US job markets yet, but other recent economic indicators have been better than expected. In the very short term, this number may weigh on the dollar, but the U.S. economy is still in better shape than places such as Japan. The balance is still tipping in favor of the dollar.” MATT ESTEVE, FOREIGN EXCHANGE TRADER, TEMPUS CONSULTING IN WASHINGTON DC: “It’s a pretty awful number but it was almost to be expected. What is really important is the unemployment rate: at 8.5 percent, it is just too high. There seems to be no bottom in the US job markets yet, but other recent economic indicators have been better than expected. In the very short term, this number may weigh on the dollar, but the U.S. economy is still in better shape than places such as Japan. The balance is still tipping in favor of the dollar.” ROBERT MACINTOSH, CHIEF ECONOMIST, EATON VANCE CORP, BOSTON: “This is still an ugly number. Just because it wasn’t uglier than the consensus, doesn’t mean it wasn’t ugly. “It’s telling you we’re in a deep recession and it’s still going to be a while to get out of it, especially on the employment side of things. But you have to keep in mind that this is a lagging indicator, we’re going to get bad employment numbers, along with the employment rate, even if the economy is starting to turn. “I don’t think it’s starting to turn yet, but I’m actually feeling more and more confident that maybe toward the end of the fourth quarter, we’ll still have a negative print, but maybe in November or December we will actually see some positive activity. And we’ll have a real positive quarter in the first quarter.” PIERRE ELLIS, SENIOR ECONOMIST, DECISION ECONOMICS, NEW YORK: “Bonds extended their losses because the employment number, for once, is coming in close to economists’ expectations. In recent months you tended to be surprised on the downside. The report does not contradict the growing notion that the economy is finding a bottom. Employment will not turn on a dime and certainly there’s no sign of strength, but at least it’s not getting worse and worse and worse. The shortened work week is troubling, but it’s not a blowout negative report.” SEAN SIMKO, FIXED INCOME PORTFOLIO MANAGER, SEI, OAKS, PENNSYLVANIA: “The payrolls report is in line with expectations so we are seeing initial pressure on Treasury yields to move higher here. If we continue to see these types of numbers stabilize I think it will put pressure on yields to move higher.” PETER KENNY, MANAGING DIRECTOR, KNIGHT EQUITY MARKETS, JERSEY CITY, NEW JERSEY: “It gives the market a sense that we dodged a bullet in the very, very near term. It’s positive in that it wasn’t a blowout number of more than 750,000. All the indexes are higher because the market is breathing a sigh of relief because it wasn’t a blowout of market psychology. It indicates a slackening of the rate of decline and leaves the bear market rally intact.” MARKET REACTION: STOCKS: U.S. equity index futures extend gains after data. BONDS: U.S. Treasury debt prices extend losses. DOLLAR: U.S. dollar rises versus yen, pares gains versus euro. |
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ticklish8
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03-Apr-2009 20:38
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WASHINGTON, April 3 (Reuters) - U.S. employers slashed 663,000 jobs in March, lifting the unemployment rate to 8.5 percent, the highest since 1983, official data showed on Friday in a report underscoring the growing distress in the labor market. The Labor Department also revised January data to show job losses of 741,000 that month, the biggest decline since October 1949, as the economy battles a recession that has entered its 16th month. The decline in non-farm payrolls in February was unrevised at 651,000. Analysts polled by Reuters had forecast non-farm payrolls falling 650,000 in March. They had forecast the unemployment rate rising to 8.5 percent from 8.1 percent the prior month. Since the start of the recession in December 2007, the economy has shed 5.1 million jobs, with about two thirds of the losses occurring in the last five months, the department said. The manufacturing sector shed 161,000 jobs in March, after eliminating 169,000 positions the prior month. Construction industries lost 126,000 jobs after bleeding 107,000 in February. The service-providing industry axed 358,000 positions after shedding 366,000 in February. (Reporting by Lucia Mutikani, Editing by Andrea Ricci) |
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ticklish8
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03-Apr-2009 20:36
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Unemployment in U.S. Climbed to 25-Year High of 8.5% in March c.2009 Bloomberg News By Bob Willis April 3 (Bloomberg) – The U.S. unemployment rate climbed in March to the highest level since 1983 and the economy lost more than 650,000 jobs for a fourth consecutive month, a sign renewed reductions in spending might slow a recovery. The jobless rate increased to 8.5 percent, as forecast, from 8.1 percent in February, the Labor Department said today in Washington. Employers cut 663,000 workers from staff, bringing total losses since the recession began to about 5.1 million, the biggest slump in the postwar era. Evaporating jobs and declining pay mean President Barack Obama’s pledge to create or save 3.5 million jobs through tax cuts and government spending may fall short of what’s needed to revive the world’s largest economy. Federal Reserve Chairman Ben S. Bernanke has conceded joblessness could top 10 percent under a worst-case scenario. “The labor market has gotten worse,” Conrad DeQuadros, senior economist at RDQ Economics LLC in New York, said before the report. “Weak labor-market conditions will result in consumer spending being weak throughout most of 2009.” The job cuts have been spreading from manufacturers such as Johnson Controls Inc. and Dana Holding Corp. to service providers like International Business Machines Corp. and even the U.S. Postal Service. Revisions subtracted 86,000 workers from January payrolls while’s February’s drop of 651,000 was not revised. The last time the unemployment rate was at 8.5 percent was in November 1983, when the economy was recovering from the 1981- 82 recession that pushed the rate to almost 11 percent. Then Fed Chairman Paul Volcker boosted interest rates to quell soaring inflation following the 1970s fuel crisis. Forecasts Payrolls were forecast to drop by 660,000, according to the median of 80 economists surveyed by Bloomberg News. Estimates ranged from losses of 525,000 to 750,000. Forecasts for the jobless rate ranged from 8.2 percent to 8.7 percent. Today’s report showed factory payrolls fell by 161,000 after declining 169,000 in the prior month. Economists forecast a drop of 160,000. The decrease included a loss of 17,500 jobs in auto manufacturing and parts industries. The manufacturing slump that began more than a year ago may intensify should General Motors Corp. be forced into bankruptcy, economists said. As many as 1 million additional auto-industry jobs may be lost and the unemployment would climb to 11 percent, said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities in New York. Auto Industry The auto slump has already rippled through the industry. Johnson Controls, a maker of car interiors and batteries, said last month it will shut 10 factories and cut about 4,000 jobs. Dana, the truck-axle manufacturer that exited bankruptcy in 2008, said it will boost its payroll reduction to 5,800 this year, 800 more than previously announced. “We are taking the difficult actions necessary to survive,” Dana’s Chief Executive Officer John Devine said in a March 16 statement. Service industries, which include banks, insurance companies, restaurants and retailers, cut 358,000 workers after a 366,000 decline in February. Financial firms cut payrolls by 43,000, after a 44,000 decrease the prior month. Retail payrolls decreased by 47,800 after a 50,800 drop. Payrolls at builders fell 126,000 after decreasing 107,000, as home construction and sales remain weak. Government payrolls decreased by 5,000 after a gain of 3,000 the prior month. Postal Cuts Among government job cuts that are still on the way, the Postal Service said March 20 it will close six offices and offer early retirement to about 150,000 workers in a bid to cut costs. The population count that happens once every 10 years may limit the damage. The U.S. Census Bureau began hiring 140,000 temporary employees this month to start conducting the 2010 census. They are the first of more than 1.4 million people it will hire over the next year to poll the population. For many Americans, this employment slump has been an unfamiliar experience. Sarah Opple, 42, was fired in February from a sales position at Gaylord Hotels in Chicago after holding a series of jobs in the hospitality industry since she was 17 years old. “It’s more real to me now,” she said in a March 26 interview. “This recession is way more tangible than the others. It makes everyone feel they could be next." Employers are also cutting back on hours. The average work week shrank to a record 33.2 hours in March from 33.3. Average weekly hours worked by production workers fell to 39.3 hours from 39.5 hours, while overtime was unchanged at 2.7 hours. That brought average weekly earnings down to $614.20 from $615.05. Stimulus Measures Workers’ average hourly wages rose 3 cents, or 0.2 percent, to $18.50 from the prior month. Hourly earnings were 3.4 percent higher than March 2008. Since taking office Jan. 20, Obama has enacted a series of measures aimed at stemming the recession. He signed into law a $787 billion stimulus plan on Feb. 17 that included spending on infrastructure projects to boost hiring. The Treasury Department is also moving to repair the damaged financial system and lower record foreclosures, while the Fed is flooding markets with cash to boost borrowing and spending. Bernanke last month said it was “certainly well within the realm of possibility” that unemployment nationwide could rise above 10 percent “for a period.” That’s the assumption being used in a worst-case scenario in tests to determine the health of the banking system, he said. For Related News and Information: Stories on the U.S. labor market: {TNI US LABOR BN GO } Stories on the U.S. economy: {TNI US ECO BN GO } Manufacturing and job cuts: {TNI MAC JOBCUTS GO } U.S. consumers: {TNI US CONS GO } –With reporting from Katie Hoffmann and Sylvia Wier in New York and Melita Garza in Chicago. Editors: Carlos Torres, Jeremy Torobin To contact the reporter on this story: Bob Willis in Washington at +1-202-624-1837 or bwillis@bloomberg.net To contact the editor responsible for this story: Chris Anstey at +1-202-624-1972 or canstey@bloomberg.net |
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pjdpeter
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03-Apr-2009 20:19
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White House expects grim US jobs reportWhite House predicts additional `severe' US job cuts in report out Friday
STRASBOURG, France (AP) -- President Barack Obama's spokesman says the White House is expecting a new employment report to show additional "severe job cuts" in the U.S. Press secretary Robert Gibbs says the report on March employment that is due out later Friday will be gloomy. He says he does not know if Obama has been told about the numbers but thinks that the president probably did get advance word. Gibbs says he has not seen the numbers himself. He spoke to reporters traveling with Obama aboard Air Force One. Presidents are traditionally given advance word on major economic reports. The Labor Department is releasing the employment report Friday morning. It is expected to show that a net total of 654,000 jobs were lost last month. |
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pjdpeter
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03-Apr-2009 20:10
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U.S. March Unemployment Probably Rose to 25-Year High (Update1) By Bob Willis April 3 (Bloomberg) -- The U.S. jobless rate rose in March to the highest level in 25 years and payrolls plunged, exposing the economy to the risk of renewed declines in spending that would scuttle a recovery, economists said before a report today. Unemployment jumped to 8.5 percent from 8.1 percent in February, according to the median of 79 estimates in a Bloomberg News survey. The figures may also show employers cut 660,000 workers from staff, bringing total losses since the recession began to 5 million, the biggest slump in the postwar era. Evaporating jobs and declining pay mean President Barack Obama’s pledge to create or save 3.5 million jobs through tax cuts and government spending may fall short of what’s needed to revive the world’s largest economy. Federal Reserve Chairman Ben S. Bernanke has conceded joblessness could top 10 percent under a worst-case scenario. “The unemployment rate is not done rising and the gain in March won’t be the last,” said Stuart Hoffman, chief U.S. economist at PNC Financial Services Group Inc. in Pittsburgh. “With jobs still declining and incomes being squeezed, consumer spending still looks quite weak.” The job cuts have been spreading from manufacturers like Johnson Controls Inc. and Dana Holding Corp., to service providers like International Business Machines Corp. and even the U.S. Postal Service. ‘Severe Job Cuts’ The last time the unemployment rate was at 8.5 percent was in November 1983, when the economy was recovering from the 1981- 82 recession that pushed the rate to almost 11 percent. Then Fed Chairman Paul Volcker boosted interest rates to quell soaring inflation following the 1970s fuel crisis. Today’s employment report will probably show “severe job cuts” in March, White House spokesman Robert Gibbs said today. Gibbs, speaking aboard Air Force One, said he had not seen the figures. Labor’s report is due at 8:30 a.m. in Washington. Economists’ payroll estimates ranged from declines of 525,000 to 750,000. Forecasts for the jobless rate spanned from 8.2 percent to 8.7 percent. A report at 10 a.m. may show service industries shrank last month at a slower pace. The Tempe, Arizona-based Institute for Supply Management’s non-manufacturing index, which covers almost 90 percent of the economy, probably rose to 42 from 41.6 in February, according to economists surveyed. A reading of 50 is the breakeven point between contraction and growth. Auto Slump IBM, the world’s biggest computer-services provider, cut about 5,000 jobs last week, according to a person familiar with the matter. The reduction was in addition to the more than 4,000 jobs already eliminated since January. The manufacturing slump that began more than a year ago may intensify should General Motors Corp. be forced into bankruptcy, economists said. As many as 1 million additional auto-industry jobs may be lost and the unemployment rate would climb to 11 percent, said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. The auto slump has already rippled through the industry. Johnson Controls, a maker of car interiors and batteries, said last month it will shut 10 factories and cut about 4,000 jobs. Dana, the truck-axle manufacturer that exited bankruptcy in 2008, said it will boost its payroll reduction to 5,800 this year, 800 more than previously announced. ‘No Assurances’ “We believe we are taking the difficult actions necessary to survive,” Dana Chief Executive Officer John Devine said in a March 16 statement. “There can be no assurances, however, if the global economy deteriorates substantially beyond our planning assumptions.” Since taking office Jan. 20, Obama has enacted a series of measures aimed at stemming the recession. He signed into law a $787 billion stimulus plan on Feb. 17 that included spending on infrastructure projects to boost hiring. The Treasury Department is also moving to repair the damaged financial system and lower record foreclosures, while the Fed is flooding markets with cash to boost borrowing and spending. Bernanke last month said it was “certainly well within the realm of possibility” that unemployment nationwide could rise above 10 percent “for a period.” That’s the assumption being used in a worst-case scenario in tests to determine the health of the banking system, he said. Bloomberg Survey ================================================================ Nonfarm Unemploy Manu ISM Non- Payrolls Rate Payrolls Manu ,000’s % ,000’s Index ================================================================ Date of Release 04/03 04/03 04/03 04/03 Observation Period March March March March ---------------------------------------------------------------- Median -660 8.5% -162 42.0 Average -663 8.5% -166 42.0 High Forecast -525 8.7% -80 45.0 Low Forecast -750 8.2% -225 38.0 Number of Participants 80 79 19 67 Previous -651 8.1% -168 41.6 ---------------------------------------------------------------- 4CAST Ltd. -635 8.4% --- 43.0 Action Economics -640 8.5% -160 41.5 AIG Investments -551 8.4% --- 45.0 Aletti Gestielle SGR -660 8.5% -170 --- Ameriprise Financial Inc -665 8.5% -185 42.5 Argus Research Corp. -650 8.3% -175 43.0 Bancolombia SA -680 8.3% --- --- Bank of Tokyo- Mitsubishi -731 8.5% --- 38.2 Bantleon Bank AG -700 8.5% --- 41.9 Barclays Capital -675 8.6% --- 41.6 BBVA -658 8.4% -152 41.3 BMO Capital Markets -640 8.5% --- 42.0 BNP Paribas -700 8.5% --- 42.0 Briefing.com -640 8.5% --- 43.0 Calyon -700 8.5% --- --- Castlestone Management LT -700 8.5% --- --- CIBC World Markets -650 8.6% --- --- Citi -650 8.5% --- 41.0 ClearView Economics -575 8.4% -150 42.5 Commerzbank AG -670 8.6% --- 42.5 Credit Suisse -700 8.6% --- 42.0 Daiwa Securities America -600 8.5% --- 42.0 Danske Bank -630 8.4% --- 42.5 DekaBank -620 8.4% --- 42.5 Desjardins Group -600 8.4% --- 42.5 Deutsche Bank Securities -750 8.5% --- 42.0 Deutsche Postbank AG -650 8.5% --- 42.0 DZ Bank -700 8.6% --- 42.3 First Trust Advisors -688 8.3% -219 42.0 Fortis -670 8.5% --- 42.0 FTN Financial -600 8.3% --- 40.0 Goldman, Sachs & Co. -700 8.6% --- 41.5 Helaba -700 8.4% --- 42.0 Herrmann Forecasting -709 8.6% -162 43.0 High Frequency Economics -750 8.4% --- 45.0 HSBC Markets -525 8.3% --- 44.0 IDEAglobal -610 8.5% -170 42.0 IHS Global Insight -750 8.6% --- 41.0 Informa Global Markets -600 8.4% -80 41.0 ING Financial Markets -750 8.6% -180 42.3 Insight Economics -650 8.5% --- 42.0 Intesa-SanPaulo -720 8.5% --- 41.5 J.P. Morgan Chase -710 8.4% --- 43.0 Janney Montgomery Scott L -680 8.4% --- 42.3 Landesbank Berlin -600 8.5% --- 38.0 Landesbank BW -640 8.5% --- 43.0 Lloyds TSB -700 8.3% -225 42.0 Maria Fiorini Ramirez Inc -675 8.3% --- 41.5 Merrill Lynch -750 8.7% --- 40.5 MF Global -710 --- --- --- Mizuho Securities -675 8.4% --- --- Moody’s Economy.com -717 8.5% -200 42.0 Morgan Keegan & Co. -634 8.4% --- --- Morgan Stanley & Co. -700 8.5% --- --- National Bank Financial -650 8.5% --- 43.0 Natixis -660 8.5% --- 43.0 Newedge -645 8.3% --- 42.0 Nomura Securities Intl. -725 8.4% -125 42.0 Nord/LB -650 8.4% -160 42.5 PNC Bank -630 8.5% -150 41.0 Raymond James -630 8.5% --- 42.2 RBC Capital Markets -660 8.4% --- --- RBS Securities Inc. -550 8.2% --- 42.0 Ried, Thunberg & Co. -700 8.5% --- 41.0 Schneider Foreign Exchang -690 8.7% --- --- Scotia Capital -700 8.5% --- 42.0 Societe Generale -625 8.5% --- --- Standard Chartered -700 8.5% --- --- Stone & McCarthy Research -660 8.5% -170 43.5 TD Securities -625 8.4% --- 42.0 Thomson Reuters/IFR -650 8.5% --- 43.0 Tullett Prebon -650 8.5% --- 42.0 UBS Securities LLC -600 8.4% --- 42.0 Unicredit MIB -675 8.3% --- 43.0 University of Maryland -610 8.4% -160 42.5 Wachovia Corp. -670 8.5% --- 41.2 Wells Fargo & Co. -650 8.5% -160 41.5 WestLB AG -650 8.4% --- 41.8 Westpac Banking Co. -630 8.5% --- 39.0 Wrightson Associates -700 8.5% --- 41.0 ================================================================ To contact the reporter on this story: Bob Willis in Washington at bwillis@bloomberg.net Last Updated: April 3, 2009 07:17 EDT |
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jonahach
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03-Apr-2009 20:04
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Crucial factor tonight... |
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