morning note

A 50 bps interest rate cut from Russia’s central bank and Latvia saying they will maintain their peg to the euro after...

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Bernanke

Bernanke’s testimony on the economy in front of the House Budget Committee strikes a similar tone as the previous FOMC statement...

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ISM services

The May ISM services index was 44, 1 pt less than expected but up a touch from April and is at the highest since Oct ’08. The...

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ADP

ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k and vs a decline of 545k in April...

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