European Stocks Surge
February 1st, 2011
in econ_news
Econintersect: All major European markets except Stockholm were up 1% - 3% Tuesday as concerns over Egypt eased somewhat. Stockholm closed essentially even (-0.03%).
Source: Yahoo Finance
Aussie Manufacturing Contracts Fifth Month in a Row
February 1st, 2011
in Background
Bloomberg Businessweek: Australian manufacturing contracted in January for a fifth straight month as measures of inventories, wages and supplier deliveries declined, a private survey showed.
Copper at All-Time High as Dollar Weakens
Bloomberg: Copper futures for March delivery climbed to an all-time high of $4.551 a pound. On the London Metal Exchange, aluminum touched $2,570 a ton, the highest since September 2008, and nickel climbed to $28,120 a ton, the highest since May 2008.
Eurozone Inflation at 27-Month High
February 1st, 2011
in News
Yahoo News: Consumer price increases in the 17 countries that use the euro have accelerated further above the European Central Bank's target, just days ahead of its monthly policy meeting, official figures showed Monday.
BLS Report Highlights New Business Not Creating Jobs
February 1st, 2011
in econ_news
Econintersect: From the President on down, politicians continue to mouth the importance of jobs growth. This did not start with the Obama Administration - but has been front and center for over 100 years.
The BLS's Business Employment Dynamics Summary for the 2Q2010 highlights the dysfunction between words and results. One chart particularily shows this dysfunction.
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