1. Most Discussed
  2. Gainers & Losers

daily world economic update

  1. chris

    3,555 posts.
    -----------------------------------------------------------
    Economic Releases Updated Wednesday 03/26/2003
    -----------------------------------------------------------
    RELEASE: ECB Balance of Payments [Euro Zone] (-6.4 billion euros)
    FIRST TAKE: The euro zone incurred a current account surplus of 400 million euros in January on a seasonally-adjusted basis, compared with a surplus of 7.6 billion euros one month ago. The monthly change owes mostly to a sharp increase in the deficit on income flows. The balance on goods showed a slight increase. In the financial account, combined direct and portfolio investment recorded net outflows of 16.5 billion euros in January 2003, which reflects sizable net outflows in portfolio investment during the month.

    RELEASE: IFO Business Climate Index [Germany] (88.1)
    FIRST TAKE: The IFO Business Climate Index lost momentum in March and declined slightly compared to the previous month. Both the index describing current conditions, as well as the index for expectations, showed a moderate decline, indicating that the German economy will continue to struggle.

    RELEASE: MBA Mortgage Applications Survey [United States] (1,520.9)
    FIRST TAKE: Rising mortgage rates dampened the demand for mortgage applications last week with the MBA index declining by 9% to 1,520.9. The drop, however, is limited to refi activity and leaves it still at a very high level. Purchase applications surged ahead, reversing their recent downward trend. The start of the war with Iraq appears to have little direct impact on mortgage activity.

    RELEASE: ABC News/Money Magazine Consumer Comfort Index [United States] (-28)
    FIRST TAKE: The ABC News/Money Magazine index of consumer comfort declined for the fourth straight week, falling to a more than nine-year low. The latest survey includes interviews since the war with Iraq began, but because the index reading reflects results over the prior four weeks, the recent slide is most likely still a reflection of waning consumer confidence leading up to the war.

    RELEASE: Durable Goods (Advance) [United States] (-1.2%)
    FIRST TAKE: February durable goods orders fell a bit more than expected, at 1.2%. Moreover, January's gain was revised down from 2.9% to 1.9%. Even less encouraging, once again the numbers would have been far worse had it not been for a massive 28% increase in defense orders.

    RELEASE: New Home Sales (C25) [United States] (854,000)
    FIRST TAKE: More signs of wear in the market for single-family homes are becoming visible. Sales of new homes unexpectedly declined in February to the slowest pace since August 2000. The impending war, weak economic conditions and poor weather pushed sales down by 8% to only 854,000 annualized units.

    RELEASE: Oil and Gas Inventories [United States] (273.9 MB)
    FIRST TAKE: Today's reports from the American Petroleum Institute and the Energy Information Administration regarding commercial crude oil stocks are ambiguous. While the API reported a small draw for the week ending March 21, the EIA reported a sizable build. Stocks of motor gasoline declined, while distillate stocks recorded a moderate build amid slower seasonal demand.

    https://www.economy.com/register/lock/econsum_signup.asp

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top