equityresearch
Equity Research
sian stocks fell, led by companies reliant on exports, after an unexpected drop in Chicago business activity raised concern the U.S. economic recovery will falter.The U.S. recovery may be slow to develop as a gauge of business activity dropped unexpectedly and a private report showed employers cut more jobs than forecast in September. The Institute for Supply Management-Chicago Inc. said today its business barometer decreased to 46.1, lower than the most pessimistic forecast, from 50 in August. Readings below 50 signal a contraction. Companies cut payrolls by 254,000 jobs in September, according to ADP Employer Services.
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http://nirmalbang.com/Upload/Daily011009.pdf