Friday, May 22, 2009

Quick Overview

  • (Reuters) Stocks rose on Friday as investors snapped up shares of multinational companies, including McDonald's Corp, on hopes that a weaker dollar would underpin profitability

  • Canada’s retail sales rose 0.3% in March

  • U.K.'s GDP fell 1.9% QoQ and 4.1% YoY.

  • The USDA said the U.S. beef production totaled 5.13 billion pounds of beef in April down 5% YoY.

  • The USDA said the U.S. pork production totaled 1.92 billion pounds in April, down 5% YoY

  • The USDA expects world sugar ending stocks at 19% of annual use, making it the lowest stocks to use ratio in 16 years.

  • A report on ethanol predicted world demand for ethanol will rise 9.3% per year for five years.

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