Thursday, April 05, 2007

Quick Overview

  • China today raised its reserve ratio by 0.5 points to 10.5%, which was the sixth hike in less than a year.

  • The U.S. Labor Department said that jobless claims were up 11,000 last week to 321,000.

  • The unemployment rate in Canada was unchanged at 6.1%.

  • The Bank of England keep the interest rate unchanged at 5.25%.

  • The U.S. Department of Energy said underground supplies of natural gas were up 58 billion cubic feet at 1.569 trillion cubic feet. Supplies are down 7% YoY.


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