Ford posted net loss but having better than expected cash flow, which is ecouraging.
Also, China Life's 1q results is 55% better than 1q08, will prepare the analysis later.
Economic Data
House market- US Mar new home sales at 356k same as 358k in Feb (better than expect 337k)
- US Mar existing home sales down to 4.57M from 4.71M in Feb (worse, 4.65M)
- US Mar Durable orders down -0.8% from up +2.1% in Feb (better, -1.5%)
- US 04/18 initial jobless claims up to 640k from 613k last week (same, 640k)
- Canada lower its interest rate by another 25 bps to 0.25%, the lowest in history
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