Daily Market Update 7/3/08

Rates were little changed Thursday as the news contained few surprises. The economy lost 62,000 jobs in June, close to expectations. The Unemployment Rate remained at 5.5%. The European Central Bank (ECB) raised interest rates by 1/4% while indicating they believe this will be the only rate hike in the near term. Oil prices topped $145 a barrel, the dollar was higher. The financial markets close early today for the July 4th Holiday.

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