Tuesday, March 16, 2010

Quick Overview

  • U.S. housing starts were at an annual rate of 575,000 in Feb, down 5.9% MoM, but up 0.2% YoY

  • Canada’s manufacturing sales rose 2.4% in January.

  • YoY Consumer prices in the EU rose 1.4% in February

  • The Fed kept the federal funds rate unchanged at 0.125%, as expected.

  • The World Bank raised its forecast for China's growth this year to 9.5%

  • (WSJ) The Bank of Japan decided to loosen monetary policy further by increasing the amount of low-interest loans available to the money market, stepping up its efforts to energize the country's anemic private demand to eradicate deflation.

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