Wednesday, September 20, 2006

Quick Overview

  • The Federal Reserve kept the federal funds rate unchanged at 5.25%, as expected.

  • Japan's trade surplus widened 95.5 percent to 200.5 billion yen as exports to the United States grew 19.3 percent and exports to China rose 20.0 percent YoY.

  • Canada's composite index of leading indicators increased 0.2%.

  • The U.S. Department of Energy said that:
    Supplies of crude oil were down 2.8 million barrels at 324.9 million barrels.
    Supplies of unleaded gasoline were up 600,000 barrels
    Supplies of heating oil were up 600,000 barrels.

  • Hedge fund Amaranth, agreed to sell its energy trading positions to JPMorgan Chase and Citadel, and entering talks to sell nonenergy assets to Citigroup .

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