Wednesday, May 30, 2007

Quick Overview

  • Concerns about inflation trumped fears about the slumping housing market last month in the minds of Federal Reserve members.

  • China hiked its tax on securities transactions to 0.3% from 0.1% in its strongest effort yet to cool a bull run.

  • Japan's industrial production fell 0.1% in April.

  • Australia's retail sales rose 0.1% in April.

  • Norway raised rates 0.25 %, the seventh hike since May 06.

No comments: