Chicago PMI comes out three minutes early to subscribers. It came out much firmer than expected, at 54.2. Prices jumped from 1.4785 to 1.4815 on the news.
The index is at its highest level since last September, when the world as we know it changes dramatically as Lehman ceased to exist, AIG became majority owned by the US government, Merrill was forced to merge with BofA, Goldman and Morgan Stanley became commercial banks…