(As of 7:45 am pacific)
A quiet Europe is a positive
today, overcoming some mildly negative domestic economic reports and providing
slight positive momentum in what is shaping up as a calm day. Gold is down and oil is up. The lightly regarded ADP Employment report
was better than expected. The ISM, a
manufacturing gauge was in negative territory for the second month, a bit
disconcerting. The dollar is mixed and
interest rates are slightly up.
Attention is on the Federal Reserve which will wrap up its two day
meeting this afternoon. Little is
expected in the way of policy changes.
