Thursday, December 20, 2007

Quick Overview

  • U.S. leading indicators fell 0.4%

  • U.S. jobless claims rose12, 000 to 346,000

  • China increased its lending rate from 7.29% to 7.47%. For the year, this is increase #6

  • U.K.'s GDP rose 0.7% QoQ and up 3.3% YoY

  • Japan kept the interest rate unchanged at 0.50%

  • The port of Long Beach is instituting a “green tax” of $35 to $79 per loaded container.
    The tax will take effect by June and is expected to raise $1.6 billion to replace or retrofit 16,800 trucks to reduce emissions. The Port of Los Angeles is expected to copy the scheme.

  • Hong Kong’s container port volume rose 1.6% in the first 11 months, but fell 2.4% in November

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