Monday, November 06, 2006

Quick Overview

  • The current economic downturn is "likely temporary," former Federal Reserve Chairman Alan Greenspan said Monday, noting the worst of the housing market slump is likely past.

  • CNBC reported that of the 407 S&P 500 companies that have reported third quarter results, 73% have been above expectations.

  • Factory orders in Germany were down 2.5% in September, more than expected.

  • Dow-Jones Newswire said Indonesia’s 2006 cocoa crop may only total 425,000 tons, down from 500,000 tons YoY.

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