Thursday, March 02, 2006

Quick Overview

  • U.S. Jobless claims were up 15,000 last week to 294,000, more than expected.

  • Top executives of U.S. companies expect to see continued strength in the nation's economy over the next six months, especially in new hiring, according to a survey released by the Business Roundtable on Thursday

  • The European Central Bank raised its interest rate from 2.25% to 2.50%.

  • Retail sales in Germany were up 2.7% in January more than expected.

  • Retail sales in Australia were up 0.8% in January.

  • The DoE said that underground supplies of natural gas were down 171 billion cubic feet to 1.972 trillion cubic feet. Supplies are up 21% YoY.

  • Silver futures closed above $10 an ounce Thursday, at the highest level in more than two decades, with traders upbeat about the prospects for a silver exchange-traded fund.

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