Tuesday, September 27, 2011

Quick Overview

  • U.S. consumer confidence rose to 45.4 in September from 45.2 in August

  • U.S. home prices rose for the fourth month in a row in July, according to the S&P/Case-Shiller 20-city composite. Prices rose 0.9% MoM, narrowing the YoY loss to 4.1%.

  • Oil World warned that the current La Nina weather pattern has put Brazil's soybean crop, the world's second biggest, in jeopardy.

  • New U.S. homes sales fell 2.3% in August to an annual rate of 295,000,-- the fourth decline in a row. The average selling price fell 8.7% to $246,000, the lowest level since early 2009. At current sales rates, unsold new homes on the market represented a 6.6 month supply.

  • The Bank of Israel unexpectedly lowered its key interest rate by 25 basis points to 3%

  • The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering

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