Daily Market Update 7/8/10

Rates inched higher Thursday as stock prices continued to rally on better than expected economic news. Weekly Jobless Claims fell to 454,000, below the consensus forecast of 460,000. The IMF raised its global economic growth forecast for 2010 to 4.6% from 4.2%. As expected, the European Central Bank (ECB) made no change in rates. No other economic data will be released today.

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