Monday, November 21, 2005

Quick Overview

  • The New-York based Conference Board said its index of leading indicators rose 0.9 to 137.9 in October after a downwardly revised 0.8 percent decline in September.

  • Canada's retail sales were down 0.9%, but up 5.5% YoY.

  • YoY Indonesia's GDP was up 5.3% in the third quarter.

  • Mexican retail sales rose 5.2 % in September.

  • The Bank of Japan should move to a policy of raising interest rates soon and should be proactive in communicating to markets how it will go about such a policy shift, a Japanese business lobby said.


  • Venezuela and Argentina bolstered ties on Monday with energy and commerce deals after their presidents discussed Venezuela's entry into the South American Mercosur trade pact and alternatives to U.S. proposals for the region.

  • Gasoline pump prices continued to drop in the two weeks ended Friday, declining 18 cents to an average $2.27 a gallon for all grades, analyst Trilby Lundberg reported in her latest survey on Sunday.

  • General Motors plans to close nine North American plants and cut 30,000 jobs in an effort to trim costs, news services reported Monday

  • Rail freight traffic fell for the week of Nov. 12, however intermodal continued to rise compared to the same week last year , the Association of American Railroads reported.

No comments: