- Federal Reserve monetary policy must stay "vigilant" because of the risk of higher U.S. inflation, Chicago Federal Reserve President Michael Moskow said.
- The dollar fell against most major currencies Monday after a media report suggested that China might reduce its purchases of U.S. Treasuries, and amid speculation that U.S. interest rates may have peaked.
- The U.S. Treasury said there were $99.5 billion in net foreign purchases of long-term U.S. securities.
- The New York Federal Reserve's regional index of manufacturing dropped from 29.03 to 15.81 in April, weaker than expected.
- Japan's consumer confidence index increased from 47.9 in December to 48.2 in March, the best reading in 14 years.
- The Chinese government said that GDP was up an annual rate of 10.2% in the first quarter of 2006, stronger than expected.
- Canada confirmed its fifth case of bovine spongiform encephalopathy in a six-year old dairy cow.
- The U.S. Green Coffee Association said that U.S. coffee stocks were up 81,769 bags in March, at 5.28 million bags.
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