Tuesday, February 28, 2006

Quick Overview

  • The National Association of Realtors said resales of U.S. homes dropped 2.8% in January to a seasonally adjusted annualized rate of 6.56 million, the lowest in two years.

  • The Conference Board said U.S. consumer confidence fell unexpectedly in February to 101.7 from a revised January 106.8.

  • The U.S. Commerce Department said that U.S. GDP was up 1.6% in the fourth quarter, better than the previous estimate of 1.1%. For all of 2005, GDP increased 3.5%.

  • Canada's GDP was up 0.6% in the fourth quarter and up 2.9% for 2005.

  • YoY Consumer prices in the Euro zone were up 2.4% in January

  • Industrial production in Japan was up 0.3% in January.

  • YoY surface trade among the United States, Canada and Mexico rose 13.5% in December, the Department of Transport said.

  • Argentina's jobless rate fell a full percentage point in the fourth quarter as the thriving economy continued to create new jobs.

  • France Jan. Unemployment Rate rose to 9.6% vs. 9.5%.

  • Australia Current Account Deficit for Q4 out at -14.4B AUD vs. -13.6B expected

  • Newmont Mining (NEM) reported a drop in fourth quarter production despite high gold prices.

  • Dow-Jones Newswires reported that Brazil is building 52 sugarcane mills to meet growing domestic and global demand for ethanol.

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