Tuesday, July 15, 2008

Quick Overview

  • The SEC said it plans to curb traders' ability to short sell some of the largest banks and brokerage firms.

  • U.S. producer prices rose 1.8% in June and up 9.2% YoY. Excluding food and energy prices rose 0.2% in June and 3.0% YoY.

  • U.S. retail sales rose 0.1% in June. Excluding autos, sales rose 0.8%.
    The Federal Reserve of New York's regional index of manufacturing improved from -8.7 to -4.92.

  • YoY U.K. consumer prices rose 3.8% in June.

  • Japan reduced its forecast for GDP in 2008-2009 from 1.5% to 1.2%.

  • YoY China's copper imports fell 19% in June

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