Quick Overview

• The University of Michigan's consumer confidence index rose from 68.7 to 69.0
  
  

• EU industrial production fell 21.6% YoY.
  

• China's retail sales rose 15.2% YoY.
  

• YoY India’s Industrial production rose 1.4% in April
  

• Retail sales in New Zealand rose 0.5% in April.
  

• OPEC expects world oil demand to average 83.8 million barrels per day in 2009, down from last month's estimate of 84.0 mbd.
  

• Crude oil stored on offshore tankers fell 16% in the past two weeks to about 67 million barrels.
  

• Crude oil exports from Iraq reached 2.4 million barrels per day, their highest level since after the U.S.-led invasion.