Friday, February 12, 2010

Quick Overview

  • U.S. retail sales rose 0.5% in January and 4.7% YoY

  • The University of Michigan's index of consumer sentiment fell from 74.4 to 73.7

  • U.S. business sales rose 0.9% in December

  • U.S. Inventories fell 0.2%.

  • U.S. unemployment peaked in October and will retreat through 2011 as the economy strengthens, according to economists surveyed by Bloomberg.

  • EU GDP rose 0.1% in Q4

  • EU industrial production fell 1.9% in January and 4.9% YoY

  • China is raising reserve requirements for banks from 16.0% to 16.5%.

  • YoY India’s industrial production rose 16.8% in December

  • The DOE said:
    Supplies of crude oil rose 2.4 million barrels to 331.4 million barrels.
    Supplies of gasoline rose 2.3 million barrels
    Supplies of heating oil rose 1.5 million barrels.
    Refinery use rose from 77.7% to 79.1%

  • (Reuters) - India and China are resisting requests to sign up for the Copenhagen Accord for fighting global warming that risks unraveling without clear support from major emitters.


No comments: