Tuesday, October 24, 2006

Quick Overview

  • Euro zone industrial orders rose by 3.7 % in August from July and by 14.3 % YoY.

  • Rumors circulated that Japan may be about to intervene in the currency market to prop up the currency.

  • Mexico's trade deficit was $1.35 billion in September, more than double expectations, as imports jumped almost 18 % YoY.

  • The World Bank says India would become the third largest economy after China and the US by 2025.

  • Corn prices in Chicago rose to the highest in more than two years on speculation demand for ethanol and U.S. grain exports will outpace supplies.

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