Thursday, January 15, 2009

Quick Overview

  • U.S. jobless claims rose 54,000 to 524,000.

  • The New York Fed’s index of manufacturing improved from -27.88 to -22.20.

  • The Philadelphia Fed index of manufacturing improved from -36.1 to -24.3

  • The European Central Bank cut its interest rate from 2.50% to 2.00%

  • Democrats in the U.S. House will push for a $825 billion economic stimulus

  • News that Bank of America needs another government cash infusion sent stocks sliding.

  • Consumer prices rose 1.6% in the Euro area

  • Australia's unemployment rate rose from 4.4% to 4.5% MoM

  • YoY South Africa’s gold production fell 8.7% in November

  • According to unidentified industry sources in Singapore, an increasing number of containers were being shipped from Asia to Europe at a freight rate of zero dollars and shipping lines were only charging the bunker fuel cost.

  • The UN's Gaza City HQ is shelled by Israel.

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