“The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth…Economic data for January and February suggested that growth accelerated in the first quarter after activity almost stalled in the final three months of 2012. But…the economy appeared to have hit a speed bump at the end of the quarter, with data ranging from employment to retail sales and manufacturing weakening significantly in March.” – CNBC Story at…
“The policies of the Federal Reserve and the ECB are having a major impact on reserve management policies. Reserve managers have looked to diversify their portfolios in a variety of ways: from movements along the yield curve to investing in new markets and new currencies. Central banks are investing in markets & currencies that were until recently not even likely to be considered.”
Thursday, the S&P 500 was up 0.4% to 1,585 (rounded). VIX was almost unchanged, up 0.1% to 13.62.