Friday, February 29, 2008

Quick Overview

  • The U.S. Commerce Department reported January personal spending rose 0.4%, while personal income rose by 0.3%.

  • Chicago Purchasing Managers s index of regional business conditions fell to 44.5 from 51.5.

  • The U.S. core rate of personal consumption expenditures rose 2.2% YoY.

  • The unemployment rate in the Euro Area unchanged at 7.1%.

  • Consumer prices in the Euro Area rose 3.2% YoY.

  • The International Grains Council forecast 2008-09 global corn plantings down 3% on the year.

  • Chinese January silver imports rose 105%.

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