Quicken Loans Capital Markets Update – Leading Indicators Report Gives Hope for Recession’s End
Filed Under (Mortgages) by admin on 19-07-2009
Quicken Loans Capital Markets Update for July 20, 2009
The Leading Indicators Report climbed more than expected in this morning’s advertisement of a 0.7% gain – the third consecutive month-over-month gain, and the first time a three-month gain has been posted since 2004. Economists see this as a positive sign for the economy’s recovery.
Looking ahead into the week it’s a big hot time for equities as the 2nd quarter peaks with earning announcements – almost moiety of the 30 companies in the DOW will report this week.
While the overall economic calendar is fairly light this week, all eyes will be on Fed Chairman Ben Bernanke’s testimony to congress that begins tomorrow.
Stay tuned!
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