Thursday, October 05, 2006

Quick Overview

  • U.S. Interest rates may not be high enough to quell a recent bout of inflation, Philadelphia Federal Reserve President Charles Plosser said on Thursday.

  • First-time U.S. jobless claims fell 17,000 to 302,000 last week, the Labor Department said Thursday.

  • Statistics Canada estimated Canada's wheat crop at 26.3 million tons, down 2% YoY.

  • The European Central Bank increased its interest rate from 3.00% to 3.25%.

  • OPEC reportedly decided to cut production by 1 million barrels a day.

  • The U.S. DoE said that underground supplies of natural gas were up 73 billion cubic feet last week to 3.327 trillion cubic feet.

  • Conflicting opinions arose on Thursday whether the European Central Bank had sold its full 500-t yearly quota of gold under the five-year Central Bank Gold Agreement.

No comments: