Tuesday, March 25, 2008

Quick Overview

  • Standard & Poor's/Case-Shiller index of U.S. home prices fell by 11.4% in January, the biggest monthly drop since the index began in 1987.

  • The Conference Board's consumer confidence index fell from 76.4 to 64.5 in March, weaker than expected -- it’s the lowest in 34 years.

  • Canada’s retail sales rose 1.5% in January.

  • Iceland's central bank raised its key interest rate by 1.25 percentage points to 15%, citing higher-than-expected inflation.

  • The American Coalition for Ethanol says gasoline prices would be 6 to 9 cents per gallon higher were it not for ethanol.

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