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Succinct Summation of Week’s Events (April 5, 2013)

From ritholtz.com

Succinct Summations week ending April 5, 2013. Positives: 1) Bank of Japan pledged to double its government bond holdings, seeking to end almost 20 years of deflation 2) February U.S. construction spending +1.2% vs expectations of +1%. 3) Total vehicle sales in March totaled 15.22mm slightly less than expectations of 15.30mm 4) February factory orders grow 3% vs expectations of 2.9% , -2% previously. 5) NY ISM employment reports a strong 57.3 v expectations of 49.3 6) UK services PMI 52.4 vs expectations of 51.5. 7) Ford U.S. March sales up 6% vs expectations of 3.8%. Negatives: 1) Nonfarm payroll rose 88k v ... (full story)

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