Growing concerns about Chinese inflation sent jitters around the commodity world. With Chinese growth in Q4 2009 coming in 10.7%, above analyst's expectation, attention is now turning to measures by the Chinese government to tighten lending conditions and rein in the country's rapid expansion.
Gold & Silver
- The Bank of China ordered credit officials to stop making new Yuan-denominated loans
- Please note that in corporate news, we are scheduled to see results being released by Goldman Sachs, Google and American Express later on in the day
Major Economic News
LEADING INDICATORS & PHILADELPHIA FED