Evening Market Wrap

Evening Market Wrap Thursday, November 3, 2011, 17:06 Contents Commentary Economic News Currency Alerts Commentary Stocks Close Sharply Higher Amid Optimism About Greece - U.S. Commentary Stocks moved sharply higher over the course of the trading day on Thursday after seeing considerable volatility in early trading. The markets benefited from a positive reaction to the latest headlines out of Europe as well as some upbeat U.S. jobs data. (Nov 3, 2011) Full Article Economic News U.S. Weekly Jobless Claims Fall More Than Expected, Drop Below 400,000 New claims for unemployment insurance fell by more than expected in the final week of October, according to figures released Thursday by the Labor Department. For the week ended October 29th, the seasonally adjusted level of new claims for unemployment came in at 397,000, a drop of 9,000 from the previous week's revised level of 406,000. (Nov 3, 2011) Full Article U.S. Worker Productivity Jumps More Than Expected In Q3 U.S. worker productivity increased by more than expected in the third quarter, according to statistics released Thursday by the Labor Department. The Labor Department said non-farm labor productivity increased at an annual rate of 3.1 percent in the third quarter compared to a revised 0.1 percent decrease in the second quarter. While most economists had predicted a rebound in productivity, the consensus estimate called for a 2.5 percent increase in the third quarter. (Nov 3, 2011) Full Article U.S. Service Sector Experiences Slightly Slower Growth In October Activity in the U.S. service sector expanded at a slightly slower rate in October, according to a report released by the Institute for Supply Management on Thursday, although the report also showed a turnaround by employment in the sector. The ISM said its non-manufacturing index edged down to 52.9 in October from 53.0 in September, although a reading above 50 continues to indicate growth in the service sector. Economists had been expecting the index to rise to 53.5. (Nov 3, 2011) Full Article U.S. Factory Orders Unexpectedly Rose 0.3% In September U.S. factory orders unexpectedly rebounded in September, according to figures released Thursday by the Commerce Department. Instead of the 0.2 percent decline in factory orders expected by most economists, preliminary figures showed a 0.3 percent, or $1.4 billion, increase in September. Additionally, the initial 0.2 percent decline reported for August was revised to show a 0.1 percent increase. (Nov 3, 2011) Full Article Currency Alerts Dollar In Stalemate Versus Euro After ECB Cut, Greek Breakthrough The dollar failed to rally versus the euro on Thursday, even after the European Central Bank unexpectedly cut interest rates. Later, Greece backed down from a referendum on the region's sovereign debt bailout plan, fueling hopes that Europe can still avert a full-blown sovereign debt crisis. (Nov 3, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service