Friday, June 19, 2009

Quick Overview

  • California's unemployment rate climbed to 11.5% in May

  • Moody's issued a downgrade warning to California.

  • YoY Thailand's exports fell 26.6% to $11.7 billion

  • Mexico cut interest rates to 4.75 %

  • Canada’s retail sales fell 0.8% in April.

  • (WSJ) The U.S. and Switzerland agreed to share information on potential tax evaders.

  • (WSJ) Chinese regulators have ordered Google to suspend search services for foreign Web sites via its Chinese Web site, a Xinhua report said.

  • (Reuters) - A "distressingly slow" U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.

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