No Holiday for the Economy
It may be Thanksgiving eve, but there's still work to be done on the economy. Several economic indicators are expected out this morning. Here's what we'll be watching for:
At 8:30 a.m. we'll have weekly jobless claims and Oct. personal income, personal spending and durable goods orders. At 10:00 a.m. Sept. new home sales numbers are out.
Overseas, the European Commission has proposed a 200 billion Euro stimulus plan to revive growth and stabilize consumer confidence in the Euro zone, which officially entered a recession earlier this month. The two-year plan would require the 27 governments in the EU to spend the equivalent of about 1.5 percent of EU GDP.
In Asia, most markets were up after another positive day for U.S. markets, which notched their third consecutive day of gains. Hong Kong's Hang Seng was up 2.2 percent, while Japan's Nikkei was down 1.3 percent.
Posted by: BeyondGreen | November 26, 2008 1:41 PM | Report abuse
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