Thursday, July 27, 2006

Quick Overview

  • France's seasonally adjusted unemployment rate fell to 9.0 pct in June from 9.1 pct in May.

  • U.S. Durable goods were up 3.1% in June, more than expected. Excluding aircraft and defense items, orders were up 0.4%, weaker than expected.

  • U.S. New home sales were at an annual rate of 1.131 million units in June, down 3% MoM. New home sales are down 12% YoY.

  • The U.S. Labor Department said that jobless claims were down 7,000 last week to 298,000.

  • Mexico's economy will grow more than 4 percent in 2006 and create about 900,000 new jobs, surpassing earlier forecasts, the government said.

  • The U.S. Department of Energy said that underground supplies of natural gas were down 7 billion cubic feet last week. Supplies are up 16% YoY.

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