- (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said.
- U.S. Jobless claims fell 15,000 last week to 338,000.
- U.S. Treasury Secretary Paulson announced a plan to help roughly 1.2 million distressed homeowners avoid foreclosure.
- The Bank of England cut interest rates from 5.75% to 5.50%
- The European Central Bank kept its interest rate unchanged at 4.0%.
- Toll Brothers Inc reported a smaller-than-expected quarterly loss.
- Statistics Canada estimates Canada's 2007 wheat production at 20.05 million tons, down 21% YoY and down 587,000 tons from their September guess.
- Statistics Canada estimates 2007 corn production at 11.65 million tons, up 30% YoY.
- The U.S. Department of Energy said underground supplies of natural gas were down 88 billion cubic feet last week to 3.44 trillion cubic feet.
- YoY Oct. traffic at major US container ports fell 3.5%.
- The Reserve Bank of New Zealand left rates unchanged at 8.25%
- Japan Nov. preliminary Machine Tool Orders rose 13.0% YoY
No comments:
Post a Comment