Thursday, March 16, 2006

Quick Overview

  • The Philadelphia Federal Reserve's regional business index fell from 15.4 to 12.3 in March

  • U.S. Housing starts were at an annual rate of 2.120 million units in February, down 7.9% from January's pace.

  • Bank of Japan Governor Toshihiko Fukui sought on Thursday to calm market expectations of an early rate hike, saying the central bank will keep rates near zero for a while despite ending its ultra easy policy last week.

  • Retail sales in the U.K. were up 0.5% in February and up 2.1% YoY,

  • YoY Canada’s consumer prices were up 2.2% in February.

  • YoY consumer prices in the Euro zone were up 2.3% in February .

  • The Swiss National Bank raised rates from 1.00% to 1.25%

  • Assets of the nation's retail money market mutual funds rose by $2.45 billion in the latest week to $856.43 billion, the Investment Company Institute said Thursday.

  • The Green Coffee Association said that U.S. coffee stocks were at 5.193 million bags. Up 243,980 bags in February.

  • The US DoE said that underground supplies of natural gas were down 55 billion cubic feet to 1.832 trillion cubic feet. YoY supplies are up 32%.

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