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Rates mixed at weekly Treasury auction
AP - Interest rates on short-term Treasury bills were mixed in Monday's auction, with three-month bills rising to the highest level in more than two months while six-month bills were unchanged.
Factory orders dip in May
AP - America's factories saw demand for their products dip by a smaller-than-expected 0.5 percent in May, suggesting that despite some pockets of weakness the manufacturing revival remains intact.
Jobless claims up but labor market OK
AP - The number of newly laid off people signing up for jobless benefits went up last week but that didn't darken the big picture of a mostly healthy employment climate across the country.
June job growth tops forecasts
Reuters - Employers added a
stronger-than-expected 132,000 new jobs in June and also
boosted payrolls more strongly than previously thought in April
and May, according to a Labor Department report that underlined
a strengthening job market.
Japan May core machinery orders up 5.9 percent
Reuters - Japan's core private-sector machinery
orders, a key gauge of corporate capital spending, rose 5.9
percent in May from the previous month, government data showed
on Monday.
T-bill rates hit new high since April
AP - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels since April.
Euro hits record high against dollar
AFP - The euro hit a record high of 1.3697 dollars on Tuesday, as investors snapped up the European single currency amid high eurozone interest rates and concerns over the US economy.
China's foreign reserves hit $1.33 trillion
Reuters - China's foreign exchange reserves, the
world's largest, swelled to $1.33 trillion by the end of the
first half on the back of massive trade flows that contributed
to an acceleration in money supply growth in June.
Trade gap widens to $60 bln in May as expected
Reuters - The trade deficit widened as
expected in May, as higher oil prices helped lift imports to an
all-time high, swamping a boost to exports from stronger
overseas growth and a weaker dollar, a government report showed
on Thursday.
Retail sales down steeply in June
AP - Consumers put away their wallets in June, sending retail sales crashing by the sharpest amount in nearly two years.
Euro nears $1.38; pound hits new 26-year peak
AFP - The euro neared a record dollar high while the British pound struck the highest level since 1981 against the struggling greenback amid ongoing concerns over the US economy, dealers said Monday.
US tech trade deficit tops $102B in '06
AP - The U.S. technology industry imported more computers, high-tech components and consumer electronics in 2006 than it exported, resulting in a record $102 billion trade deficit in the sector, according to a new report due out Tuesday.
Housing slump will dent US economy: Fed Reserve chairman
AFP - The housing slump will drag on the US economy over 2007 and into 2008 but other sectors will keep growth "moderate," Federal Reserve chairman Ben Bernanke said Wednesday.
Chinese economy grew 11.9 percent in 2Q
AP - China's sizzling economy expanded by a stunning 11.9 percent in the second quarter from a year ago, the government said Thursday, and announced it would take new steps to cool the boom.
T-Bill rates rise
AP - Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills climbing to the highest level in four months.
Euro hits new dollar record on jitters over US economy
AFP - The euro surged to another record against the dollar here Tuesday as the greenback continued to suffer from investor anxiety over the health of the US housing market and its effect on the broader economy.
Fed sees moderate growth in early summer
AP - The economy registered modest growth in the early summer, considering how consumers and some businesses were buffeted by both high gasoline prices and the sour housing market.
Orders for durable goods up
AP - Orders for big-ticket manufactured goods advanced in June by the largest amount in three months, reflecting a rebound in demand for airplanes.
US growth jumps to 3.4 percent, but economists still cautious
AFP - The US economy accelerated to a 3.4 percent growth rate in the second quarter, the government reported Friday, but analysts said the pace may not be sustained over the rest of the year.
Interest rates fall at Treasury auction
AP - Interest rates on short-term Treasury bills fell in Monday's auction.
Japan's jobless rate falls to 9-year low
AP - Japan's jobless rate fell to its lowest in more than nine years and household spending inched up in June, the government said Tuesday, a pair of numbers that could help the Bank of Japan make the case for raising interest rates next month.
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