Thursday, June 08, 2006

Quick Overview

  • Investors pulled a net $1.87 billion from stock funds in the week ended June 7, TrimTabs Investment Research estimated on Thursday.

  • U.S. Jobless claims were down 35,000 last week to 302,000, less than expected.

  • U.S. Wholesale sales were up 1.3% in April, inventories increased 0.9%.

  • South Korea's central bank raised its rate from 4.00% to 4.25%.

  • The Japanese government's June report on the economy will say deflation remains but there have been improvements, sources said on Friday.

  • The European Central Bank increased its interest rate by a quarter percent to 2.75%.

  • Australia's unemployment rate improved to 4.9% in May, the lowest in thirty years.

  • Labor productivity in Canada was up 0.5% in the first quarter of 2006 and up 2.1% YoY.

  • The U.S. Department of Energy said that underground supplies of natural gas were up 77 billion cubic feet to 2.320 trillion.

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