Daily Market Update 4/1/09

Interest rates moved higher Thursday as global stock markets rallied on perceived progress in the G-20 meeting and news from the Financial Accounting Standards Board (FASB) of relaxed controversial “mark-to-market” accounting rules that have plagued banks and other financial firms. In economic news, Factory Orders rose 1.8% in March, exceeding forecast. Oil prices surged to nearly $52 per barrel. The dollar declined. Analysts are seeing strong indications the economy is no longer in free-fall and has begun to stabilize. Non-farm payrolls for March will be released at 8:30 AM Friday.

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