Thursday, May 08, 2008

Quick Overview


  • U.S. Wholesale inventories fell 0.1%.

  • The Bank of England kept its interest rate unchanged at 5.0%.

  • The European Central Bank kept its interest rate unchanged at 4.0%.

  • Canada’s housing starts fell 12% MoM.

  • Australia's unemployment rate rose from 4.1% to 4.2% in April.

  • In a bid to rein in soaring prices, India has extended its futures trading ban to four more food commodities.

  • Ahead of the United States Department of Agriculture's next production and stocks update, Allendale Inc. is projecting an increase in soybean stocks, a decrease for corn and the biggest U.S. wheat crop since 2003.

  • Wal-Mart Stores reported a 3.2% climb in U.S. same-store sales.

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