Tuesday, December 01, 2009

Quick Overview

  • The National Association of Realtors said its index of pending home sales rose 3.7% MoM. YoY the index is up 32%.

  • U.S. construction output rose 1.6% YoY.

  • MoM U.S. retail sales rose 5.2%. YoY retail sales rose 2.6%.

  • EU unemployment was unchanged at 9.8% in October.

  • The Bank of Japan decided at an unscheduled policy meeting to offer up to Y10,000bn in three-month low-interest loans to commercial banks.

  • DryShips Inc., a provider of marine transportation services for drybulk cargoes, announced that its previously announced agreement to acquire 2 Panamax vessels has been terminated since no period employment could be secured in the agreed timeframe

  • From January to October China's iron ore import rose 36.8 %. In the same phase, domestic iron ore output reached about 702.66 million tons, up 36.04 million tons.

  • North Korea has revalued its currency by a factor of 100, causing chaos on the streets of Pyongyang.

  • Private exporters reported to the USDA export sales of 116,000 MT of corn for delivery to unknown destinations during the 2010/2011 marketing year.

  • (Reuters Life!) - Reviled by the public and spurned in private, bankers have been looking for solace in adultery, according to a dating website for people seeking affairs.

  • (Dow Jones)--The U.S. Environmental Protection Agency said Tuesday it would delay until mid-2010 a decision on whether to increase the amount of ethanol added to ordinary gasoline, putting off a controversial ruling with consequences for farm states and the oil and automobile industries.The delay was anticipated by traders.

  • BNP Paribas Fortis forecasts world sugar demand to grow by 1% in 2009 versus the average rate of 2.66% a year over the past decade

  • The default rate for commercial mortgages in the US climbed to a fresh 16-year high of 3.4%

  • Australia's parliament rejected sweeping carbon-trade laws aimed at cutting greenhouse gases.

  • Thirteen mills in India's key sugar-producing state of Uttar Pradesh have stopped cane crushing operations due to supply shortages.
    state government official said Wednesday.

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