Wednesday, February 17, 2010

Quick Overview

  • U.S. Industrial production rose 0.9% in January

  • U.S. mortgage applications fell 2.1% last week

  • Canada’s wholesale sales rose 0.7%

  • Japan's index of services fell 0.9% in December

  • A shortage of ethanol has caused Brazilian state-run energy company Petroleo Brasileiro or Petrobras, to import gasoline for the first time in 40 years.

  • Several Federal Reserve policy makers want to begin selling securities relatively soon to cut back the U.S. central bank's massive help to the financial system as the economy finds a footing, the Fed said on Wednesday.

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