The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.
Breaking news at the open.
Today economic data releases are relativity light today. Release schedule for today are as follow:
– RBA shocks markets and cuts by 50bps to 3.75% – Decision surprising given RBA track record – Aussie sold aggressively across the board in response – UK manufacturing PMIs disappoint; weighs on Pound
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
Shares of may buy the company.
This morning saw a flurry of economic data pushing the U.S. markets around ahead of the Friday’s Non-Farm Payroll
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
Week of April 30, 2012 Economic Calendar.
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