Friday, November 30, 2007

Quick Overview

  • U.S. Personal incomes rose 0.2% in October.
    Personal consumption expenditures rose 0.2% in October and 1.9% YoY.

  • The Federal Reserve would not hesitate to act to prevent financial strains from damaging the economy and any steps it does take are not made to shield investors, a top Fed official said on Friday.

  • U.S. Construction spending fell 0.8% MoM and 0.6% YoY.

  • The Chicago purchasing managers index rose from 49.7 to 52.9, stronger than expected

  • Moody's downgraded or put on review debt totaling $119 billion that was issued by SIVs, including some tied to Citigroup.

  • Congress may legislate a boost in fuel-economy standards to 35 miles a gallon by 2020.

  • GDP in Canada rose 0.7% in the third quarter and 2.9% YoY.

  • Japans consumer prices rose 0.3%
    Japans unemployment rate unchanged at 4% in October and
    Japans household spending rose 0.6% in October.
    Japans housing starts fell 35% YoY

  • GDP in the euro zone rose 2.7% YoY

  • The International Cocoa Organization estimates the 2006-2007 estimate of world cocoa ending stocks at 1.6 million tons or 44% of annual use.

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