Daily Market Update 9/30/09

Rates were little changed Wednesday as second quarter GDP was revised higher to -0.7%, above the consensus forecast of -1.2%, but the Chicago PMI national manufacturing index fell to 46.1, which was far below the expected reading of 52.0. A reading below 50 indicates contraction in the manufacturing sector. Stocks moved sharply lower. No other economic data will be released today.

Leave a Reply

Your email address will not be published.

Back to top