Friday, November 21, 2008

Quick Overview

  • Asian markets defied the big U.S. slump overnight and ended higher. Japan's Nikkei rose 2.7%, South Korea's Kospi rose 5.8%.

  • Japan kept the interest rate at 0.30%
    Japan's Finance Minister said he may consider intervention to bring the yen down from "undesirable" levels.

  • Manufacturing and services index in the Euro area dropped from 43.6 to 39.7

  • YoY Canada’s consumer prices rose 2.6%

  • Consumer spending in France fell 0.4% in October.

  • The World Gold Council said world gold demand was 1,133 tons in the third quarter of 2008, up 18% YoY.

  • The International Copper Study Group said that world copper production exceeded use by 125,000 tons in August.

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