Wednesday, October 31, 2007

Quick Overview

  • U.S. GDP rose 3.9% YoY, the best quarterly performance in over a year.

  • U.S. employment cost index rose 0.8% QoQ and up 3.3% YoY.

  • U.S. Personal consumption rose 1.9%

  • U.S. construction spending rose 0.3% QoQ. YOY construction spending is down 3.2%

  • The Chicago purchasing managers' index fell from 54.2% to 49.7%, weaker than expected

  • Canada's GDP rose 0.2% MoM, and 2.4 YoY.

  • Japan estimates GDP growth at 1.8% down from 2.1%.
    Japan kept rates unchanged at 0.50%.
    Japan's housing starts fell 44% YoY

  • Unemployment rate in the Euro area dropped from 7.4% to 7.3%.

  • The U.S. Department of Energy said:
    Supplies of crude oil fell 3.9 million barrels to 312.7 million barrels.
  • Supplies of gasoline rose 1.3 million barrels
    Supplies of heating oil supplies rose 500,000 barrels.
    Refinery use fell from 87.1% to 86.2%
    U.S. gasoline demand rose 0.3% YoY
    Distillate demand fell 0.7%.


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