Tuesday, December 20, 2005

Quick Overview

  • U.S. Consumer confidence, improved last week, ABC News and the Washington Post said on Tuesday.

  • The U.S. producer price index fell 0.7% in November, the biggest drop since April 2003, as energy prices fell, the Labor Department said Tuesday.

  • U.S. New housing starts rose 5.3% in November, the Commerce Department said Tuesday.

  • The average retail prices of diesel and gasoline each rose for a second straight week by 2.6 cents, with diesel climbing to $2.462 and gasoline to $2.211 a gallon, the Department of Energy reported.

  • U.S. Sales of Class 8 trucks jumped 16.6% in November as truck buyers took delivery in a market where freight rates remained strong and truck production showed no signs of letting up, manufacturers said.

  • The Australian Cotton Industry Council estimates the upcoming cotton crop at 2.5 million bales, down from 2.9 million bales this year.

  • Consumer prices in Canada were down 0.2% in November and up 2.0% YoY.

  • The Chinese government discovered $280 billion of national income to add to its 2004 GDP figures. The 2004 growth rate is now 16.5%, higher than previously reported.

  • Today's news on inflation sent June gold down $9.10

No comments: