Friday, February 27, 2009

Quick Overview

  • U.S. GDP contracted at a 6.2% annual rate in Q4

  • The University of Michigan's consumer sentiment index fell from 61.2 to 56.3 in January

  • Chicago's purchasing managers' index rose from 33.3 to 34.2 in February

  • Unemployment in the Euro area rose from 8.1% to 8.2% in January.

  • Consumer prices in the Euro area rose 1.1% YoY

  • Japan's factory output fell 10.0% in January
    Japan’s household spending fell 5.9% YoY

  • The U.S. government will boost its equity stake in Citigroup to 36%.

  • Sweden’s GDP contracted 10% on an annualized basis.

  • General Electric Co. will cut its quarterly dividend to 10 cents a share from 31 cents, according to CNBC.

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