Thursday, January 26, 2006

Quick Overview

  • A congressional report released on Thursday said the U.S. budget shortfall will hit $337 billion this year, a figure that is up $23 billion from an August estimate and excludes more funds needed for the Iraq and Afghanistan wars.

  • U.S. Jobless claims were up 11,000 last week to 283,000.

  • U.S. Durable goods orders increased 1.3% in December, more than expected. Excluding transport, orders were up 0.9%. For all of 2005, orders totaled a record high $2.51 trillion.

  • Brazil's unemployment rate fell in December to its lowest level in nearly four years, slipping to 8.3 percent as fewer people actively looked for work during an economically sluggish holiday season, the government said Thursday.

  • YoY Japan's December exports were up 17% and imports were up 27%, because of higher energy prices.

  • USDA said tariffs charged on the Gulf to Japan trade route have averaged $36.33 a metric ton during the past three months, down from $50.08 a ton one year ago.

  • Silver prices rose to hit a new 19-year high on fund-buying Thursday. Some of the move may be a "catch-up" to gains that previously had been occurring in gold, analysts said, and some buying is market speculation that Barclays Global Investors may win government approval to launch a silver exchange-traded fund.

  • The DoE said that underground supplies of natural gas were down 81 billion cubic feet to 2.494 trillion cubic feet.

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