Tuesday, February 28, 2012

QUICK OVERVIEW

  • Case-Shiller breakdown: Las Vegas, 65% off housing-market peak; Miami, 51%; U.S. home prices fell 4% in Q4 of 2011, putting them back at levels last seen in mid-2002.

  • The Conference Board said its index of consumer attitudes increased to 70.8 this month - the highest reading since February last year - from an upwardly revised 61.5 in January.

  • Ireland will vote on whether to accept the European Union's new fiscal treaty.

  • (Spiegel)Former German Chancellor Helmut Kohl stepped into the German debate about aid for Greece on Tuesday, warning that the goal of a united Europe mustn't be questioned.

  • (Spiegel) If the Socialist Party's candidate wins the current presidential election in France, the country's highest earners may be faced with massive new taxes. Francois Hollande says he wants to introduce a wealth tax of 75 percent on income of over 1 million Euros per year.

  • Oil World calls for largest on record YoY drop in global oilseed production due to South American drought.

  • German court says parliament fast-track euro crisis panel unconstitutional.

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