Wednesday, May 09, 2007

Quick Overview

  • U.S. Treasury Secretary Paulson said he feared that support for keeping U.S. markets open to foreign investment was breaking down.

  • Japan's leading indicators out at 40% in March, a sign of slower growth ahead.

  • Consumer confidence in the U.K. rose from 88 to 90 in April.

  • The U.S. Department of Energy said that:
    Supplies of crude oil were up 5.6 million barrels last week to 341.2 million barrels.
    Supplies of gasoline were up 400,000 barrels
    Supplies of heating oil were down 500,000 barrels
    Gasoline demand was up 1.0% YoY
    Distillate demand was up 5.2% YoY.

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