Tuesday, September 04, 2007

Quick Overview

  • The Institute of Supply Management's index of manufacturing fell from 53.8 to 52.9

  • U.S. Construction spending was down 0.4% from June.

  • GDP in Australia rose 0.9% in the second quarter and up 4.3% YoY.

  • GDP in the Euro zone rose 0.3% in the second quarter and up 2.5% YoY.

  • The International Cocoa Organization said world production of cocoa in 2006-2007 totaled 3.435 million tons. Resulting in 1.708 million tons of ending stocks or 48% of annual use.

  • South African gold production fell an annual 7.5% in the second quarter as the quality of ore declined, the country's Chamber of Mines said.

  • December Wheat rose 30 cents (limit) to 805 ½.. Traders had expected India to buy only a portion of the 530,000 tonnes offered at a tender last week. Instead, India bought 795,000 tonnes over the weekend, and Russia is considering limiting wheat exports to protect their domestic supply.

No comments: