Markets News Friday: OECD composite leading indicators continue to signal a recovery
Jan 8th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Marketss news on stocks, currencies and commodities; OECD composite leading indicators (CLIs) for November 2009 provide stronger signals of recovery than in last month’s assessment. Troughs in the underlying reference series - - the index of industrial production -- for all major seven countries, except Canada and the United Kingdom, are also visible, and the CLIs for all major seven countries have moved above their long-term trend, implying an expansionary outlook relative to trend. The outlook for major non member economies also continues to point to a recovery.