Tuesday, March 27, 2007

Quick Overview

  • The Conference Board index of U.S. consumer confidence dropped from 111.2 to 107.2 in March, weaker than expected.

  • German business confidence rose from 107.0 to 107.7 in March, stronger than expected.

  • The U.S. military denied reports that Iran fired a missile at a U.S. ship in the Persian Gulf. The rumors sent oil prices up more than 8 percent in after-hours trading.

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