Tuesday, November 08, 2005

Quick Overview

  • Toll Brothers Inc., the largest U.S. builder of luxury homes, reduced next year's sales forecast, saying the housing market is weakening after a five-year boom.

  • Mexican gross fixed investment, a measure of spending on machinery, equipment and construction, soared in August as optimistic businessmen imported more tools than expected to churn out goods.

  • The confidence of U.S. consumers rose in the latest week, buoyed by lower gasoline prices, ABC News and the Washington Post said on Tuesday.

  • The U.S. and China agreed to trade limits on a range of clothing items for three years.

  • Brazil's agricultural exports totaled $36.2 billion in the first ten months of 2005, a new record high, helped by sales of soybeans, ethanol, coffee, sugar, and orange juice.

  • The British Retail Consortium said that retail sales in the U.K. were down 0.2% in the August to October quarter from a year ago.

  • The national average retail diesel fuel price continued to fall, dropping 17.8 cents to $2.698 a gallon, the Energy Department said.

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