Friday, January 27, 2006

Quick Overview

  • The Department of Commerce's said that U.S. GDP in the fourth quarter was up an annual rate of 1.1%, a listless showing that was the worst in three years. For all of 2005, GDP was up 3.5%.

  • New home sales were at an annual rate of 1.269 million units in December, up 2.9% from November's rate. For all of 2005, there were 1.282 million new homes sold, a new record high -- 6.6% more than the previous year.

  • The USDA said there were 97.102 million head of cattle in inventory on January 1st, up 1.7% YoY.

  • YoY Consumer prices in Japan were down 0 .1% in December.

  • Mexico's central bank reduced the benchmark lending rate by half a percentage point to 7.75 percent. The bank said it has little room to keep cutting rates after bringing it down to a 15-month low.

  • Exxon Mobil the world's largest oil company, expects that oil prices will fall as the current bullish cycle slows, the company's head of exploration operations said on Friday.

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