Friday, April 24, 2009

Quick Overview

  • U.S. durable goods orders fell 0.8% in March

  • MoM U.S. new home sales fell 0.6%.The inventory of new homes is at a 10.7 month supply.

  • China has nearly doubled its gold reserves in the last five years as it diversified its foreign exchange reserves away from US dollar assets. China now holds 1,054 tons of gold in reserve.

  • U.K. retail sales rose 0.3% MoM and 1.5% YoY

  • German business confidence rose from 82.2 to 83.7.

  • Spain's unemployment rate rose to 17.4%.

  • MoM China’s coal imports from Vietnam and Canada surged by 138.9%.

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