Daily Delphi

Post: Wednesday - Final day of April | Daily Delphi

BlogsPit Talk › Wednesday - Final day of April April 30, 2014, 6:50 am

CALENDAR
7:15 AM CT
ADP Employment Change for Apr
Prior 191K Forecast 215K
7:30 AM CT
GDP-Adv. for Q1
Prior 2.6% Forecast -0.7%
Chain Deflator-Adv. for Q1
Prior 1.6% Forecast 2.2%
Employment Cost Index for Q1
Prior 0.5% Forecast 1.0%
8:45 AM CT
Chicago PMI for Apr
Prior 55.9 Forecast 56.5
9:30 AM CT
Crude Inventories for 4/26
Prior 3.254M
1:00 PM CT
FOMC Rate Decision for Apr
Prior 0.25% Forecast 0.25%

TODAY'S ACTION
Asian and European markets were both mixed in overnight trade. After spending the past few weeks sifting through earnings reports traders will again turn their attention to economic and Federal Reserve news today. Markets will get a first look at the Q1 GDP data this morning. Expectations for the number are all over the board after the bitter drawn-out winter. Later this morning we'll also get a look at the Chicago PMI. This afternoon the Fed will wrap up a two day policy meeting. Look for the status quo in the bond buying reduction of $10B, it would be the fourth consecutive reduction of that dollar amount. Trade strong.


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