Tuesday, January 29, 2008

Quick Overview

  • U.S. durable goods orders rose 5.2% in December, much more than expected. Excluding transportation orders rose 2.6%.

  • Consumer confidence fell from 90.6 to 87.9 in January.

  • Japan’s employment rate unchanged at 3.8%.
    Japan's retail sales fell 0.1% YoY. Household spending rose 2.2%.

  • Tyson Foods, the nation's second largest pork packer, announced they were in talks with China to supply them with pork. No timetable was announced.

  • According to Standard & Poor's/Case-Shiller, U.S. home prices fell 8.4% YoY. With double-digit declines recorded in some hard-hit areas, such as Miami, San Diego, Las Vegas and Detroit.

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