Tuesday, December 12, 2006

Quick Overview

  • The Federal Reserve left the federal funds rate at 5.25%, noting the economy has slowed and is hurt by "substantial cooling" in the housing market. The statement, left open the possibility the central bank might increase rates if inflation speeds up.

  • U.S. Federal budget deficit at $75.6 billion in November, down from $83.1 billion YoY.

  • Chinas November retail sales YoY rose 14.1% to 682.2 bln Yuan.

  • Indian Industrial Production up 6.2% YoY

  • Euro Zone Economic Sentiment at -3.0 vs. -8.5 expected.

  • Italian Industrial Production MoM at 0.6% vs. 0.5% expected.

  • UK CPI MoM at 0.3% vs. 0.2% expected.

  • German Economic Sentiment at -19 vs. -25 expected.

  • German Current Situation at 63.5 vs. 55.3 expected.

  • Swedish CPI Underlying YoY at 1.3% vs. 1.2% expected.

  • Cocoa stocks in Nybot warehouses rose 231,943 145-pound bags to total 4.04 million 145-pound bags.

  • The number of trucks in use in the U.S. is down 0.6% in the third quarter, a sign expanding hauling capacity by carriers may have peaked.


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