Tuesday, November 02, 2010

Quick Overview

  • India boosted interest rates by a quarter-point to 6.25.

  • Australia’s central bank surprises the market with a 0.25 interest rate increase.

  • The Institute for Supply Management’s factory index increased to 56.9 from 54.4

  • Total volume of China's foreign trade is expected to hit 2.8 trillion U.S. dollars for the whole year of 2010, up 25 % YoY, the Ministry of Commerce said.

  • China’s purchasing managers’ index rose to 54.7 from 53.8 in September, beating expectations.

  • Moody’s' said Greece, Portugal and Ireland are likely to avoid sovereign bond defaults due to strong domestic demand from local banks and pension funds

  • The Economic Times reported that India may resume sugar exports next month and the government is expected to accelerate applications from mills for shipment of about 500,000 metric tons

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