Wednesday, May 14, 2008

Quick Overview

  • U.S. Consumer price index rose 0.2% in April and 3.9% YoY-- less than expected. Excluding food and energy prices rose 0.1% in April, and 2.3% YoY.

  • U.S. Mortgage applications rose 2.9% last week.

  • YoY, China's industrial production rose 15.7% in April

  • Industrial production in the Euro area fell 0.2% in March.

  • The U.S. Department of Energy said:
    Supplies of crude oil inventories rose 200,000 barrels last week to 325.8 million barrels.
  • Supplies of gasoline fell 1.7 million barrels
    Supplies of heating oil supplies rose 400,000 barrels.
    Refinery use rose from 85.0% to 86.6% of capacity.
    Gasoline demand fell 0.2% YoY.
    Distillate demand rose 0.8% YoY.

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