Quick Overview

• Concerns surfaced the Feds plan to boost financial market liquidity might prove inadequate to ease the stress in the credit markets.
  
  

• U.S. Federal spending rose 17% YoY, and revenues fell 12% YoY.
  
  

• Japan's GDP rose 0.9%.
  

• Australia's consumer confidence fell to 88.6 in March — lowest in 15 years.
  

• Industrial production in the Euro Area rose 0.9% in January and 3.8% YoY.
  

• Industrial production in India rose 5.3% YoY.
  
  

• The U.S. Department of Energy said that:
  Supplies of crude oil rose 6.2 million barrels to 311.6 million barrels.
  Supplies of gasoline rose 1.7 million barrels
  Supplies of heating oil fell 1.7 million barrels.
  Refinery use fell from 85.9% to 85.0% of capacity last week.
  Gasoline demand rose 0.4% YoY
  Distillate demand fell 4.2% YoY
  ...