Wednesday, December 07, 2005

Quick Overview

  • The U.S. House of Representatives on Wednesday approved legislation to make sure that millions of Americans will not be forced to pay the alternative minimum tax next year.

  • The Federal Reserve said that total consumer debt fell by $7.20 billion in October to $2.157 trillion, a record decline for the month.

  • The U.S. Department of Energy said that:
    Supplies of crude oil were up 2.7 million barrels to 320.3 million barrels.
    Supplies of unleaded gasoline were up 2.7 million barrels
    Supplies of heating oil were up 700,000 barrels.

  • Australia's GDP grew 0.2 percent in the third quarter, the slowest pace in a year.

  • Japan's Cabinet Office said that its index of leading indicators jumped from 41.7 to 80.0 in October, a sign of optimism for the economy.

  • Canada's 05/06 wheat crop totaled 26.8 million tons, up 3.5% YoY

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