Tuesday, February 27, 2007

Quick Overview

  • YoY Eurozone money supply grew at an annual rate of 9.8 percent in January.

  • Shanghai’s composite index fell 9%.

  • U.S. Durable goods orders were down 7.8% in January, weaker than expected. Excluding transport, orders were down 3.1% MoM.

  • Consumer confidence rose from 110.2 to 112.5 in February, more than expected

  • U.S. Existing home sales were at an annual rate of 6.46 million units in January, up 3% MoM, but down 4.3% YoY. There are 3.55 million homes for sale in the U.S. -- a 6.6 month supply.

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