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Entusiasmo ... apagado

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Entusiasmo ... apagado

por Luka! » 9/4/2007 22:10

4:20 pm : Stocks kicked off a new week with a customary sense of caution heading into earnings season and some uncertainty as to what a strong jobs report means for the economy and interest rate outlook.
With investors unable to trade on monthly employment data Friday, a market preoccupied with concerns about a significant slowdown in economic growth initially found some comfort after March payrolls rose a stronger than expected 180,000. An upward revision to February's figure and the unemployment rate unexpectedly falling to 4.4% provided further evidence that the economy remains in good shape, notwithstanding the downturn in the housing and manufacturing sectors, and that consumer spending should continue to grow at close to the recent trend of 3% real growth.

Be that as it may, a tight labor market accompanied by rising wage costs leaves a Fed still fixated on the "high level of resource utilization" with little reason to cut interest rates anytime soon. Such a reminder plays into why our Market View is only Modestly Bullish and contributed to the market's lack of direction throughout much of the trading day.


Este comportamento do mercado deixa-me , no minimo pensativo... :?
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