Thursday, October 06, 2011

Quick Overview

  • European Central Bank surprised and kept rates at 1.5%.

  • U.S. first time claims for unemployment benefits rose 6,000 to 401,000

  • U.S. Homeownership fell 1.1 % to 65.1% between 2000 and 2010.

  • Fed Dallas President Richard Fisher said protests against Wall Street and the central bank stem from frustration with unemployment, and he sympathizes with the discontent.

  • Bloomberg: SABMiller the world’s second- biggest brewer, advanced the most in almost three years in London trading after Brazilian news website IG reported that the beer maker is in talks to be bought by larger competitor Anheuser-Busch InBev.

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