Thursday, May 03, 2007

Quick Overview

  • U.S. jobless claims were down 21,000 last week to 305,000, the lowest level in three months.

  • The Institute of Supply Management's index of U.S. services increased from 52.4 to 56.0 in April, stronger than expected.

  • The Fed holdings of Treasury and agency debt for overseas central banks rose $772 million in the week ended May 2, to stand at $1.929 trillion.

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