Thursday, January 11, 2007

Quick Overview

  • U.S. Jobless claims were down 26,000 to 299,000.

  • The DoE said that supplies of natural gas were down 49 billion cubic feet to 3.025 trillion cubic feet

  • The Bank of England today surprised the market with a 25 bp hike in the base rate to 5.25%. The market consensus was for an unchanged policy.

  • Australia’s unemployment rate stayed at 4.6%.

  • Germany's real GDP was up 2.5% in 2006.

  • Japan's index of leading indicators dropped from 54.5% to 20.0% in November, indicative of economic slowing ahead.

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