Today’s Data:
- ISM Index at 57.0 for December vs the 57.3 expected and up from 56.6 in November. MBS slightly improve.
- Bank of America to take $3B charge due to mortgage related loans.
- China’s non-manufacturing PMI improved in December and Singapore’s economy expands and is helping to boost US stocks.
- Stock futures higher to kick off 2011 as investors feel that this year the economic environment will continue to improve.
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