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EUR Currency Bank SWAP RATES Hit New Lows (especially the front-end) As ECB Rate Hike Fears RECEDE! bankswaps
Construction Activity Increases - New Business Higher (Not What Market Needs), Employment & Prices Weaker ulsterbank
ECB RATE EXPECTATIONS CRUSHED BY EMU SOVEREIGN DEBT CONCERNS -> Now 0.75% (=3 x hikes) Lower Than November! rateforecasts
BALTIC DRY INDEX (BDI) doubled in 2009, but has fallen back in 2010 to a key "support" level. See Shipping Barometer bdi
COPPER prices collapse 16% since the start of 2010, back to US$6,382/tonne from nearly $7,700 less than a montha ago. metals
IRISH Government Risk Premium (Yield Spread vs Germany) was sharply wider last week on EMU Sovereign Debt concerns. gilts
Dept. of Environment House Price Indices (7 months out of date!!) suggest significant further falls are likely in Irish home values doehlg
26,420NEW HOME COMPLETIONS IN 2009! Much higher (some +5,000 to +10,000 more) than CIF/IHBA/ESRI/DKM/Central Bank Predicted! newbuild
NEW HOME REGISTRATIONS appear to be stabilising at low levels, BUT are now a POOR proxy for Irish housing starts. registrations
LIVE REGISTER rises by 8,000 in January and UNEMPLOYMENT RATE edges up to 12.7% livereg
WHEAT & CORN prices rise fall 11% so far in 2010 in USD terms (less in EUR due to USD strength) grains
U.S. SUPPLY of New Homes drops dramatically & consequently Inventory-Ratio declines. USnewhome