Monday, March 23, 2009

Quick Overview

  • MoM U.S. existing home sales rose 5.1% at their fastest pace in nearly six years. The inventory of existing homes for sale rose 5.2 percent to 3.80 million. Unsold homes on the market represented 9.7 months’ worth at the current sales pace. YoY the median price fell 15.5% to $165,400.

  • The Obama's administration has unveiled a plan designed to give the ailing economy a boost by luring private investors into taking over up to 1 trillion in "toxic" assets.

  • Canada’s leading indicators fell 1.1% in February

  • Construction output rose 1.3% in the Euro area but fell 9.1% YoY.

  • Argentine farmers plan to halt sales of soybeans/corn for a week to protest against export taxes.

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