The old year is gone and 2010 is already off and running.

The old year is gone and 2010 is already off and running. Because of the lower level of major reports released the last week due to the holiday season, there were a lot of major economic reports released this week. With the exception of Japan, every major currency nation had at least one or two major economic reports released this week, and many had far more. The European Union alone released a dozen major economic reports that we will be going over in this report. The New Year always kicks off in a rush, and this year is no exception. In the States the college football national champion was crowned yesterday (congrats to Alabama Crimson Tide fans), and while it’s still winter, spring is just around the corner. Time tends to fly, especially as the days begin to get lighter, so it’s important to keep up on the economic news reports as a lot can change in a very short time.

With last year’s reports updated, there was a mixed bag on jobs as it turned out November was the first month that saw job growth in over two years, but revised numbers also showed a worse October than had been reported. There is a cautious optimism that sometime soon the corner is going to be turned and that job growth, even if small and steady, will start up again. Other nations are coming out with a rainbow of reports, as some nations are looking very good, while others are beginning to get nervous about an extended downturn.

There’s a lot to cover here, so without any further waiting, let’s take a look at this week in review.

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