The Day Ahead: Import/Export Prices, Consumer Sentiment, Treasury Budget
September 12th, 2009
The benchmark S&P 500 has gained 52% since early March and investors continue to be optimistic about buying equities. The last five days have seen consecutive gains in the markets, pushing the index up another 1.25%, and futures are looking to extend those gains early this morning.
Pretty soon the climb could match the even more robust 64% gain in China’s Shanghai Index. Its 2.2% rise earlier this morning, set off by better than expected data in industrial production, retail sales and lending, is a major factor in boosting sentiment around the globe today. …(<a href="http://www.mortgagenewsdaily.com/09112009_day_ahead_consumer_sentiment.asp”>read more)
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