Saturday, September 09, 2006

Quick Overview

  • The global economy continues to grow briskly but the risks of an economic downturn have increased since April, the head of the International Monetary Fund Rodrigo Rato said on Friday.

  • The USDA said that U.S. 2005-2006 exports of:
    Corn finished the year up 20% YoY.
    Soybeans finished the year down 15% YoY.

  • Canada's unemployment rate increased from 6.4% to 6.5% in August,

  • The Conference Board's index of leading indicators for Japan showed a decline of 0.5% in July to 101.1. The Bank of Japan kept its interest rate unchanged at 0.25%.

  • SHANGHAI China on Friday launched its first financial derivatives exchange.

  • Top oil exporter Saudi Arabia and fellow OPEC producers signaled on Saturday they would keep output near a 25-year high for now, satisfied the policy is easing pressure on consumer economies.

  • Czech economic growth slowed to 6.2% in second quarter Gross Domestic Product grew by 6.1 in the second quarter of 2005 and by 6.1 percent during the year.

  • South Korea yesterday lifted its ban on US beef imposed in 2003 because of fears of mad cow disease.

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