Wednesday, July 01, 2009

Quick Overview

  • U.S. ISM index of manufacturing rose from 42.8 to 44.8

  • U.S. construction spending fell 0.9% MoM and 11.6% YoY.

  • U.K.'s index of services fell 0.1% in April.

  • U.K.’s index of manufacturing rose from 45.4 to 47.0

  • Japan's Tankan business confidence rose from -58 to -48

  • China’s June Manufacturing PMI out at 53.2 versus 53.1 prior

  • The U.S. Department of Energy said:
    Supplies of crude oil fell 3.7 million barrels to 350.2 million barrels
    Supplies of gasoline rose 2.3 million barrels
    Supplies of heating oil rose 2.8 million barrel
    Refinery use fell from 87.1% to 87.0%.
    Gasoline demand rose 0.9% YoY
    Distillate demand fell 9.4% YoY.

  • China wants to debate a new reserve currency at next week's G8 meeting

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