Quick Overview

• U.S. Industrial production was up 0.8% in June, stronger than expected.
  

• The New York Federal Reserve's regional index of business activity dropped from 29.0 to 15.6 in July, weaker than expected.
  
  

• India's merchandise exports rose 25.1% in June to $9.97 billion, prompting the government to raise its export target for 2007 to $126 billion.
  
  

• New Zealand's CPI rose 4.0% YoY-- the highest level for 16 years.
  
  

• The German newspaper Die Welt reported Monday that Europe's biggest computer maker, Fujitsu-Siemens, wants to go back to the 40-hour work week to save on production costs and keep the plants going, "If we respect the 35-hour week, we will not be able to maintain our factories at Augsburg and Soemmerda. " Fujitsu-Siemens chief executive Bernd Bischoff said.
  
  
  

• F.O. Licht predicted on Thursday that world sugar production will total 149.2 million tons during the 2005-2006 period, an increase of more than seven million tons compared to the previous harvest.
  
  

• OPEC expects world oil demand to average 84.6 million barrels a day in 2006 and 85.9 million barrels a day in 2007.