Tuesday, March 02, 2010

Quick Overview

  • YoY global air travel rose 6.4% in January.

  • Australia hiked its interest rate to 4%.

  • Canada kept its interest rate unchanged at 0.25%

  • Japan’s unemployment rate improved from 5.2% to 4.9% in January

  • The CME said YoY interest rate futures volume rose 37%. Its equity index volume dropped 14% while energy contracts rose 5% and foreign exchange surged 82%. Metals contracts rose 57%.

  • The Indian prime minister's economic advisory panel said white sugar stocks could "rapidly approach the nil level", and urged imports of 3m-5m tonnes.

  • Shanghai, the world's second largest container port after Singapore, experienced a throughput increase of 18% to 2.24 million TEU in January, reported Xinhua.

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