Thursday, June 15, 2006

Quick Overview

  • The U.S. Labor Department said that jobless claims were down 8,000 last week to 295,000, less than expected.

  • Industrial production unexpectedly fell 0.1% in May, reflecting weakness in manufacturing.

  • The U.S. Treasury said that net foreign purchase of U.S. securities totaled $58.5 billion in April while U.S. residents bought $11.9 billion of foreign securities.

  • Investors pulled a net $6.39 billion from stock funds in the week ended June 14, TrimTabs Investment Research estimated on Thursday.

  • The Bank of Japan voted to keep the interest rate near zero for now.

  • YoY consumer prices in the Euro zone were up 2.5% in May.

  • The Green Coffee Association said that U.S. coffee stocks were up 60,391 bags in May to end the month at 5.26 million bags, down 10% YoY.

  • The DoE said underground supplies of natural gas were up 77 billion cubic feet to 2.397 trillion cubic feet.

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