Wednesday, September 27, 2006

Quick Overview

  • U.S. Durable goods orders were down 0.5% in August, weaker than expected. In July, orders were revised lower, from a 2.4% to a 2.7% decline.

  • U.S New home sales were up 4.1% MoM. New home inventory dropped from 7.0 to 6.6 months. YoY new home sales are down 16%.

  • The Mortgage Bankers Association said that YoY mortgage applications were down 21% last week.

  • The U.S. Department of Energy said that:
    Supplies of crude oil supplies were down 100,000 barrels to 324.8 million barrels.
    Supplies of unleaded gasoline were up 6.3 million barrels
    Supplies of heating oil were up 2.1 million barrels.

  • U.K.s GDP rose 0.7% in the second quarter and 2.6% YoY.

  • Argentina built up monetary reserves of $28.725 billion which, however, it doesn't intend to use to repay the holdouts from its default in December 2001, Martin Redrado, president of Argentina's Central Bank said.

  • Japan's new Finance Minister Koji Omi said on Wednesday he saw no need to comment or act on movements in the euro/yen rate now and warned markets "I'm still an amateur" on currencies.

No comments: