Tuesday, April 25, 2006

Quick Overview

  • U.S. Consumer confidence fell sharply to its lowest level in two months, once again weighed down by high gasoline prices, ABC News and the Washington Post said on Tuesday.

  • ECB's Mersch said in Luxembourg that he sees a "gradually strengthening and broadening economy."

  • Swedish trade balance March, out at 17.5B vs. 13.0B expected.

  • The Bank of Canada raised its key interest rate by a quarter-percent to 4.00%,

  • Germanys business confidence index increased from 105.4 to 105.9 in April, the highest reading in 15 years.

  • South Korea's GDP was up 6.2% in the first quarter of 2006 from a year ago.

  • The Conference Board's U.S. consumer confidence index rose from 107.5 to 109.6 in April, stronger than expected and the highest in four years.

  • The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.92 million units in March, up 0.3% from February's. They also said there are 3.19 million homes for sale, some 5.5 months of inventory.

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