Wednesday, August 19, 2009

Quick Overview

  • U.S. mortgage applications rose 5.6% last week.

  • Canada’s consumer prices fell 0.9% YoY

  • Canada’s leading indicators rose 0.4%.

  • Construction output in the EU fell 3.3% MoM and down 14.1% YoY.

  • Germany’s July Producer Prices fell -1.5% MoM (-0.2% expected) YoY PP are
    7.8% lower in July, the steepest such fall since records began in 1949

  • The U.S. Department of Energy said:
    Supplies of crude oil fell 8.4 million barrels to 343.6 million barrels
    Supplies of gasoline fell 2.1 million barrels
    Supplies of heating oil fell 400,000 barrels.
    Refinery use rose from 83.5% to 84.0%
    Gasoline demand fell 0.1% YoY
    Distillate demand fell 9.1% YoY.

  • (Bloomberg) -- Pakistan, Asia’s third-largest user of sugar, needs to import as much as 1 million metric tons by December to meet a shortfall in domestic supplies, a trade body head said.

  • (FT) Demand for gold sank to a 5½-year low in the second quarter of 2009 after jewellery consumption dropped by more than one fifth and investment interest slowed as the threat of meltdown in the global financial system receded.

  • With development lagging, it's hard to believe that U.S. corn won't suffer losses from a frost, Freese-Notis Weather said.

  • (Bloomberg) -- UBS AG, Switzerland’s largest bank, will release information on 4,450 accounts to settle a U.S. lawsuit that sought names of American clients suspected of evading taxes.

  • The Commodity Futures Trading Commission said it had withdrawn a no-action letter that allowed a Deutsche Bank index fund to avoid speculative position limits in grain futures.

  • (Bloomberg) -- Commercial real estate values in the U.S. fell 27 percent in the year through June

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