Monday, March 29, 2010

Quick Overview

  • U.S. personal incomes were unchanged in February

  • U.S. Consumer spending rose 0.3%.

  • YoY Japan's retail sales rose 4.2% in February

  • USDA said that there were 63.988 million head of hogs and pigs in the U.S. on March 1st -- down 2.8% YoY

  • The World Gold Council said China's gold consumption was 11% of world demand in 2009 and that it was expected to double in the next ten years.

  • Weekly soybean shipments = 29.3 mln bu; shipments to date exceed seasonal pace needed to reach USDA target by 170 mln bu & gap is growing (Arlan Suderman)

  • The Reserve Bank of Australia sounded a hawkish warning over interest rates.

  • China is expected to grow 12% in the first three months of this year due to faster-than-expected factory output.

  • In 2009, China produced 189 million tons of crude oil, but imported an extra 199 million tons, and the oil import dependence well exceeded the warning line of 50%t for the first time to reach 51.29 percent.

  • Demand for steel around the world will rise 11 percent in 2010 as the global economy recovers, World Steel Association said.

  • (WSJ) Demand for uranium looks set to drive a fresh wave of Chinese investment in Australia-listed miners as nuclear power generators seek supply for dozens of planned reactors.

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