Saturday, November 30, 2013


  • The pending U.S. home sales index fell 0.6% to 102.1 and dropped to its lowest level since last December, the National Association of Realtors said.
  • Because of the 16-day republican/tea instigated government shutdown, sales of U.S. Existing Homes dropped 3.2% to a 5.12 million annual rate, the fewest since June.

  • Eurozone jobless rate stands at 12.1% in Oct.

  • Israeli stock prices rose to another record high last Sunday, ignoring local politicians' comments that a deal to curb Iran's nuclear program was a mistake.

  • European Central Bank member Joerg Asmussen said the ECB, which cut interest rates to a record low earlier, was ready to take further action if necessary and instruments at its disposal included negative deposit rates.

  • Ukraine bowing to pressure from Russia is the first major defeat for the EU in its eastward march since the fall of Communism.

  • Swiss vote down plan to cap salaries of top executives.

  • China and Japan appeared to be a step closer to a military confrontation that could drag in the United States, after Beijing extended its air-defense zone over a group of islands that is also claimed by Tokyo..

  • Japan's central bank kept its ultra-loose monetary policy in place and says the economy is on track for a "moderate recovery”.
  • YoY Japan's consumer prices increased by 0.9% in October, marking the fastest growth in five years and signaling possible exit from deflation.

  • U.S. regulators are considering whether to give banks more time to comply with the Volcker rule, which bans them from gambling with their own money, Fed Vice-Chair Janet Yellen said.

  • The equation is simple: (more U.S. imports) = (fewer U.S. jobs) A report by the Economic Policy Institute estimates that America's trade deficit with China between 2001 and 2011 eliminated a net 2.7 million U.S. jobs.

  • India's July-Sept. GDP grew 4.8 %

  • Bloomberg forecasts China to pass India in Gold purchases and projects a 29% growth in Chinas gold purchase for 2013.

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