Monday, June 01, 2009

Quick Overview

  • (Bloomberg) -- General Motors Corp. and Citigroup Inc. were removed from the Dow Jones Industrial Average, replaced by Cisco Systems Inc. and Travelers Cos., after the first global recession in 70 years crippled their earnings and sent their shares down more than 90 percent.

  • U.S. personal incomes rose 0.5% in April

  • The Institute for Supply Management’s factory index rose to 42.8 from 40.1 in April.

  • U.S. construction spending rose 0.8%

  • YoY Canada’s PPI fell 0.5%.

  • U.K. manufacturing rose to 45.4 from 43.1

  • China’s manufacturing index dropped from 53.5 to 53.1 in May, but expanded for a third month.

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