Daily Market Update 4/3/14

Rates were little changed Thursday ahead of tomorrow’s key Employment Report.  In economic news, weekly Jobless Claims rose to 326,000, above the consensus forecast of 320,000.  The European Central Bank (ECB) made no change in rates, as expected.  The Institute for Supply Management services index came in at 53.1, slightly below expectations.  Readings above 50.0 indicate expansion in the services sector of the economy.  The Trade Deficit increased to $42 billion, above forecast.  No other key data will be released today.  The closely-watched Employment Report for March will be released tomorrow at 8:30 AM.

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