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Farm Credit Conditions Weaken in 3Q
AP - Farm credit conditions in some parts of the West and Midwest weakened in the third quarter, with more producers falling behind on loan payments and asking for extensions, according to the Federal Reserve Bank of Kansas City.
US economy generates 215,000 jobs in November
FT.com - US employment grew by a robust 215,000 in November, reinforcing expectations that the Federal Reserve may be forced to continue tightening interest rates into 2006.
Chain store sales fall: Redbook
Reuters - U.S. chain store sales fell in the
first week of December, a report said on Tuesday.
Greenspan: Fed Tries to Balance All Needs
AP - The Federal Reserve works hard to balance policy-makers' need to have private, unvarnished discussions about economic matters and investors' desire to keep abreast of the Fed's inner workings, chairman Alan Greenspan says.
Wall St bounces back on lower crude prices
FT.com - Wall Street bounced back from Monday's retreat on Tuesday as news of an upward revision to third-quarter productivity figures and a drop in labour costs put investors in a buying mood.After climbing above the $60 a barrel level in the previous session, Nymex crude oil futures dropped 26 cents to $59.65 amid tamer weather in the northeastern US.The Amex airline index, which is sensitive to oil prices, jumped 2.8 per cent on the news, while the S&P transportation index rose 2.1 per cent.Stocks were also boosted by a fresh batch of economic data that showed US productivity had surged 4. ...
Consumer sentiment improves
Reuters - U.S. consumer sentiment improved in
early December more than economists had expected, helped by
falling gasoline prices and continuing job growth, a report
showed on Friday.
Rocky times ahead for US auto sector
AFP - The turmoil in the US domestic automobile industry shows no signs of abating despite a relatively healthy sales outlook and a strong US economy.
Dollar eases on Federal Reserve expectations
FT.com - The dollar weakened on Monday ahead of Tuesday's Federal Reserve meeting, with investors expecting that it may say interest rates are no longer stimulating the US economy.
Nov. Retail Sales Weaker Than Expected
AP - Retail sales came in weaker than expected in November as gains at department stores and specialty clothing stores slowed significantly, a worrisome development at the start of the holiday shopping season.
Home loan applications fall as refinancing slumps
Reuters - U.S. mortgage applications decreased
last week, dragged down by sharp decline in home refinancings
to a 17-month low as interest rates held near the highest
levels of the year, an industry trade group said on Wednesday.
Consumer prices fall as energy prices drop
Reuters - U.S. consumer prices fell 0.6
percent in November, the largest decline in 56 years, as energy
prices posted a record 8.0 percent drop in the month, the
government said on Thursday.
German Business Confidence Up in December
AP - German business confidence rose in December to its highest level in more than five years, a closely watched survey showed Friday, in a sign that Europe's largest economy may strengthen after years of sluggish growth.
Japanese Gov't Remains Upbeat on Economy
AP - The Japanese government remained upbeat about the economy in its latest monthly report Monday, upgrading its view of industrial production, citing a steady manufacturing expansion and a sunny outlook for output.
US chain store sales up in holiday surge - report
Reuters - U.S. chain store sales rose solidly in
the latest week as consumers appeared to come out in force
doing last-minute shopping before the Christmas holiday,
according to a report on Tuesday.
GDP Grows at 4.1 Percent Annual Rate
AP - The U.S. economy grew at the fastest pace in 1 1/2 years in the summer as booming auto sales offset the adverse effects of hurricanes Katrina and Rita. But the year is expected to end with much slower growth.
US requests dialogue with China on steel
Reuters - The United States has suggested to
China that the two countries launch a bilateral dialogue on the
steel sector to head off potential trade disputes, a senior
U.S. official said on Thursday.
Consumer sentiment improves further in December
Reuters - U.S. consumer sentiment ended stronger
in December and better than analysts' expectations, bolstered
by falling energy prices, a report showed on Friday.
Has S.Africa's wild rand finally been tamed?
Reuters - Has the 'wild child' of the
emerging markets finally settled down or is South Africa's rand
just taking a breather?
Spain should push for G8 membership: thinktank
Reuters - Spain should push to be a member of the
Group of Eight (G8) club of leading economies now that its
output has surpassed that of G8 member Canada, an influential
Spanish thinktank said on Monday.
US home loan applications fall to over 3-1/2-yr low
Reuters - U.S. mortgage applications fell to a
more than 3-1/2-year low last week amid a sharp drop in demand
for loan refinancing even as interest rates held steady, an
industry trade group said on Wednesday.
Sales of existing homes likely slowed in November
Reuters - Sales of existing U.S. homes are
likely to have slowed in November as rising mortgage rates and
lower purchasing activity dampened market activity, economists
said on Tuesday.
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