Monday, October 09, 2006

Quick Overview

  • The U.S. Federal Reserve could do "fairly little" and let the bond market stabilize the economy, St. Louis Federal Reserve Bank President William Poole told the Financial Times in an interview published on Tuesday.

  • The Australia Grains Council said the domestic wheat crop could be as low as 10 million tons, which is below recent industry forecasts and is less than half last year's crop of 25 million tons.

  • OPEC agreed to reduce oil production by one million barrels a day.

  • Industrial production in Germany rose 1.9% in August.

No comments: