Thursday, November 12, 2009

Quick Overview

  • U.S. jobless claims fell 12,000 last week to 502,000, less than expected.

  • The U.S. Treasury sold $16 billion of 30-year T-bonds at a median yield of 4.39%. The bid to cover ratio was 2.26, the lowest since May.

  • The U.S. ran a record federal budget deficit of $176.4 billion in October up from $155.5 billion deficit a year ago.

  • EU industrial production rose 0.2% MoM but fell 12.1% YoY.

  • Canada’s new home prices rose 0.5% MoM, but fell 2.7% YoY.

  • YoY factory output in India rose 9.1% in September

  • The U.S. Department of Energy said:
    Supplies of crude oil rose 1.8 million barrels to 337.7 million barrels.
    Supplies of gasoline rose 2.5 million barrels
    Supplies of heating oil rose 800,000 barrels.
    Refinery use fell from 80.6% to 79.9%
    Gasoline demand fell 1.0% YoY
    Distillate demand fell 13.8% YoY

  • Russian president calls on country to refocus its economy away from energy and heavy industry towards information technology, telecommunications and space

  • The Treasury secretary, in Singapore at the APEC meeting, offered fresh reassurances that the administration was committed to bolster the dollar.

  • China's raw coal output hit 270 million tons in October, climbing to the year's second highest peak

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