Archived IMT (2008.12.03)

Short-covering in US equity futures was empowered by Congress' decision against allowing the bankruptcy of US Automakers. Markets also exploited a Tuesday data vacuum in Europe and US, allowing repositioning in the various market segments to ahead of re-emerging market swings ahead of Thursday's twin central bank decisions from Europe and Friday's release of the US November jobs report. Wednesday's release of the US November ADP survey on private payrolls could offer a snapshot on the direction of non-farm payrolls, while the services ISM index will be mulled for its new orders and jobs components, as well as for the dinsinflationary impact in the prices paid index.