Thursday, October 30, 2008

Quick Overview

  • U.S. GDP shrank 0.3% in the third quarter.

  • U.S. jobless claims were unchanged last week.

  • China lowered interest rates from 6.93% to 6.66%.

  • Canada's industrial prices fell 1.2% in September, but rose 8.0% YoY.

  • Japan proposed a new stimulus package by giving $600 to every family household.

  • Unemployment in Germany fell under the 3m, the lowest in 16 years.

  • (Reuters) - U.S. state leaders, trade groups and economists descended on the House of Representatives on Wednesday to help work out a second economic stimulus bill that one influential Congressional member said would be introduced on November 17.

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