Thursday, December 16, 2010

Quick Overview

  • The Philadelphia Fed's manufacturing survey rose to 24.3 from 22.5 in November.

  • Yields on 10-year notes have risen so far this month by about 72 basis points, making it one of the worst months in 20 years.

  • U.S. housing starts rose 3.9% in November. Permits for new construction fell 4%.

  • U.S. Jobless claims fell by 3,000 to a total of 420,000 in the latest week, the third decline in the past four weeks.

  • TheU.S. current-account deficit widened to $127.2 billion in Q3 from $123.2 billion in Q2.

  • Annual inflation in the euro zone remained stable at 1.9 % in November

  • Rabobank said the U.S.  may use as much as 5.1 billion bushels of corn to produce ethanol the grain-based gasoline additive in 2010-2011 -- eroding inventories. The extra ethanol consumption implied a corn stock to use ratio at less than 4%.



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