Wednesday, March 25, 2009

Quick Overview

  • U.S. Durables orders rose 3.4% in February, stronger than expected . Excluding transportation orders rose 3.9%

  • The Mortgage Bankers Association said its index of mortgage applications rose 32% last week

  • The U.K. must do whatever is necessary to resume growth, with deflation the main concern in the short term, Gordon Brown said.

  • German business sentiment fell from 82.6 to 82.1 in March

  • YoY Japan's exports fell 50% in February

  • (WSJ) The 25 highest-earning hedge-fund managers received a combined $11.6 billion in pay in 2008.

  • (WSJ) California's jobless rate will climb to a staggering 11.9 percent between April and June next year, and double-digit unemployment will linger in the most populous U.S. state at least through 2011, according to a new economic forecast.

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