Thursday, January 03, 2008

Quick Overview

  • U.S. Factory orders rose 1.5% in November, the most in four months, according to the Commerce Department - versus 0.5% expected.

  • A report from ADP Employer Services showed companies in the U.S. added 40,000 jobs in December, more than expected.

  • Euro-Zone M3 monetary total showed November YoY growth of 12.3%.

  • The unemployment rate in Germany improved from 8.6% to 8.4% in December, the lowest in 15 years.

  • The U.S. Department of Energy said that:
    Supplies of crude oil fell 4.0 million barrels last week to 289.6 million barrels.
    Supplies of gasoline rose 1.9 million barrels
    Supplies of heating oil fell 1.4 million barrels.
    Refinery use rose from 88.1% to 89.4% of capacity last week.
    Gasoline demand rose 0.1% YoY
    Distillate demand rose 5.7% YoY.

  • The Philippines, the world's biggest importer of rice, plan to buy 550,000 metric tons. Global stockpiles of rice are forecast by the USDA to fall to 72.2 million tons by July, the lowest since 1984.

No comments: