Daily Market Update 4/30/10

Rates were little changed Friday as new economic data came in close to expectations. Preliminary first quarter GDP figures indicated the economy grew at a 3.2% annual rate, a bit less than forecast. The Chicago Purchasing Managers Index rose to 63.8 from 58.8 in March. Readings above 50.0 indicate expansion in the manufacturing sector. Consumer Sentiment came in a bit higher than expected. Major data due out next week include Monday’s release of the Institute for Supply Management manufacturing index and Friday’s Employment Report for April. Have a great Derby weekend!

Leave a Reply

Your email address will not be published.

Back to top