Wednesday, June 17, 2009

Quick Overview

  • U.K. unemployment rate out at 7.2%

  • Construction output in the EU rose 0.7% in April.

  • FedEx's CEO Frederick Smith predicted that the worst of the recession is behind us.

  • Singapore's Maritime and Port Authority reported a 20.2% drop in container movement in May.

  • Hong Kong reported a 12.1% drop in container movement in May.

  • The U.S. DoE said:
    Supplies of crude oil fell 3.9 million barrels to 357.7 million barrels
    Supplies of gasoline rose 3.4 million barrels
    Supplies of heating oil supplies rose 600,000 barrels.
    Distillate inventories rose by 0.3 million barrels.
    Gasoline demand rose 1.1%

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