Monday, January 05, 2009

Quick Overview

  • U.S. construction spending fell 0.6% MoM and 3.3% YoY.
  • The N.Y. Fed said that it has begun buying fixed rate mortgage backed securities, as it previously announced it would do.
  • (WSJ) Madoff's firm was examined at least eight times in 16 years by various agencies, which never came close to uncovering his alleged scheme.
  • The Purchasing Managers' Index (PMI) of China's manufacturing sector climbed 2.4% MoM to 41.2% in December. A reading above 50% indicates expansion, while one below 50% indicates contraction.
  • Construction activity index in the U.K. fell from 31.8 to 29.3 in December.

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