Thursday, August 21, 2008

Quick Overview

  • U.S. jobless claims were down 13,000 last week to 432,000.
  • U.S. leading indicators fell 0.7% in July.

  • The Philadelphia Feds regional index of manufacturing rose from -16.3 to -12.7 in August

  • U.K.'s retail sales volume rose 0.8% in July

  • YoY Canada’s consumer prices rose 3.4% in July.

  • The International Cocoa Organization said 2007-2008 world cocoa production will be short of consumption by 88,000 tons, more than the 41,000 tons projected earlier.

  • (WSJ) Fannie Mae and Freddie Mac need to refinance $225 billion of debt by the end of September. Investor interest may hinge on the details of any potential government bailout.

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