Tuesday, August 22, 2006

Quick Overview

  • French Q2 GDP rose 1.1% QoQ (4.4% annualized) – the fastest rate in five years.

  • S&P raised its 2006 GDP forecast for China to +10.5% from +10.0%.

  • Argentina's jobless rate fell to 10.4% in Q2 from 11.4%.

  • YoY Canada's consumer prices were up 2.4% in July

  • Bloomberg : Coffee production in India, which supplies 4.5 percent of world exports, will probably decline in the coming year because of damage from heavy rains and pests.

  • Hong Kong's port transshipment cargo recorded an average annual growth rate of 12% from 2000 to 2005, the Census & Statistics Department says.

  • Palladium prices advanced to hit a 10-week high on Tuesday, helped by good jewelry demand.

  • Asian soybean rust has been detected near Dayton, in Liberty County -- eastern Texas.

  • Some 100,000 farmers from southwest China's Chongqing have left their hometowns to pick cotton in Xinjiang Uygur 3,300 kilometers away after the worst drought in 50 years destroyed their crops.

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