Wednesday, December 02, 2009

Quick Overview

  • (Bloomberg) -- The global economy will expand 4.4 percent in 2010 and 4.5 percent the following year as the world recovers from the credit crisis, Goldman Sachs Group Inc. said.

  • ADP Employer Services said that there was a loss of 169,000 private jobs in November

  • The Fed said today in its Beige Book business survey: economy is improving; consumer spending is moderately higher; commercial real estate is deteriorating; home sales are up; labor market is weak.

  • The U.S. DOE said:
    Supplies of crude oil rose 2.1 million barrels to 339.9 million barrels
    Supplies of gasoline rose 4.0 million barrels
    Supplies of heating oil fell 300,000 barrels.
    Refinery use fell from 80.3% to 79.7%.
    Gasoline demand rose 0.7% YoY
    Distillate demand fell 7.7% YoY.

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