Thursday, May 22, 2008

Quick Overview

  • U.S. jobless claims fell 9,000 last week to 365,000.

  • U.S. Home prices fell 1.7% in the first three months of 2008 from the previous quarter -- the largest quarterly price decline on record. YoY prices fell 3.1%.

  • The U.S. DoE said that underground supplies of natural gas rose 85 billion cubic feet last week to 1.614 trillion cubic feet. Supplies are down 16% YoY

  • Canada’s retail sales rose 0.1% MoM.

  • U.K.'s retail sales fell 0.2% MoM.

  • Euro zones industrial new orders fell 1.0% MoM and down 2.5% YoY.

  • YoY Chinese demand for diesel has increased 13%.

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