Tuesday, November 06, 2007

Quick Overview

  • Japan's index of leading indicators hit 0% in September, a signal of slower conditions ahead.

  • Business activity in the Euro Area improved from 54.2 to 55.8 in October.

  • Retail sales in the Euro Area rose 0.3% in September.

  • The Reserve Bank of Australia lifted interest rates to an 11-year high of 6.75%.

  • Peruvian miners went on strike. Peru is the world's largest producer of silver, fifth largest gold producer, and third largest copper producer.

  • In Q4, the U.S. Department of Energy expects world oil consumption at 87.45 million barrels a day, and production at 85.88 million barrels a day.

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