Friday, March 04, 2005

Today

Orders placed with factories rose 0.2% in January, the Commerce Department reported Friday.
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The U.S. Treasury market would be able to adjust if foreign investors decided to diversify away from U.S. government debt, the president of a regional Federal Reserve Bank said on Friday. Adjust HOW? Perhaps the adjustment would lower the dollars value by 50%?

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U.S. employers created 262,000 jobs last month, the biggest gain in four months..
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U.S. wholesale prices for heavy motor trucks jumped 1.6% in January, marking their largest monthly increase in more than five years, as equipment makers continued to pass along higher costs for raw materials, including steel, aluminum, wood and rubber.
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The University of Michigan's index of consumer confidence dropped from 95.5 to 94.1 in February.
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Conditions in southern Brazil remain hot and dry. Dow Jones Newswires quoted Brazilian analysts as saying that the soybean crop would only total 53 million tons (1.95 b. bu) The USDA estimated 63 million ton (2.31 b. bu)
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The Florida Citrus Processors said that there were 141.9 million gallons of frozen orange juice concentrate in inventory on February 26th, down 7% from a year ago.
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House prices in the U.K. were down 0.5% in February.
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Manufacturing orders in Germany were down 3.4% in January.
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The unemployment rate in the Euro-zone remained at 8.8% in January.
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The EU-25 unemployment rate dropped from 8.9% to 8.8%.

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