Thursday, November 10, 2005

Quick Overview

  • DOW ends up 94 on Thursday after robust demand from overseas investors for U.S. government debt signaled confidence in the economy.

  • U.S. consumer sentiment rebounded this month from 74.4 to 79.2, according to the University of Michigan's monthly consumer sentiment index released Thursday

  • U.S. Jobless claims were up 2,000 last week to 326,000.

  • The U.S. trade shortfall grew to a record $66.1 billion in September, as crude oil prices surged and exports dropped by the most in four years. U.S. exports were down 2.6% to $105.2 billion while imports increased 2.4% to $171.3 billion, the Commerce Department reported Thursday

  • The USDA's 2005-2006 U.S. ending stocks estimate for:
    Corn increased from 2.220 to 2.319 billion bushels.
    Soybeans increased from 260 to 350 million bushels.
    Wheat remained at 530 million bushels.
    Sugar was lowered from 1.089 million to 667,000 short tons.
    Cotton increased from 6.40 to 6.50 million bales.

  • Assets of the nation's retail money market mutual funds rose by $805.4 million in the latest week to $827.95 billion, the Investment Company Institute said Thursday.

  • The U.S. Department of Energy said that underground supplies of natural gas were up 61 billion cubic feet at 3.229 trillion cubic feet. Supplies are now down 3% from a year ago.

  • Canada's exports were up 2.8% in September to C$39.8 billion, a new record high. Imports were up 1.4% at C$32.7 billion, also a record high.

  • Mexico’s Annualized inflation dropped to 3.05 percent at the end of October, its lowest rate since records began and just a shade higher than the midrange of the central bank's 2-4 percent 2005 target.

  • France's GDP was up 0.7% in the third quarter and up 1.7% YoY stronger than expected.

  • Australia's unemployment rate increased from 5.1% to 5.2% in October, the highest in seven months.

  • The unemployment rate in New Zealand dropped from 3.6% to 3.4% in the third quarter, a record low.

  • Japan's machinery orders were up 2.1% in the third quarter to 3.1 trillion yen, stronger than expected and the most in over four years.

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