Tuesday, September 15, 2009

Quick Overview

  • (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the worst U.S. recession since the 1930s has probably ended, while warning that growth may not be strong enough to quickly reduce the unemployment rate.

  • US retail sales rose 2.7% in August better than expected and helped by the car rebate program.

  • The New York Federal Reserve’s regional index of manufacturing rose from 12.08 to 18.88 in September

  • YoY U.K. consumer prices rose 1.6% in August

  • Volkswagen has unveiled its answer to the recession at The Frankfurt Motor Show the L1 a 180 mile per gallon tandem two-seater hybrid car.

  • Soybean/Corn futures are supported by frost threats this morning

  • (FT) Central banks are set to become net buyers of gold this year for the first time since 1998, according to GFMS, the metals consultancy.

No comments: