Monday, May 03, 2010

Quick Overview

  • The EU and IMF finally put together a Greek bailout of 110 billion Euros.

  • Manufacturing for the Euro area rose from 56.6 to 57.6 in April

  • Manufacturing in Australia rose from 50.5 to 59.8 in April

  • U.S. personal incomes rose 0.3% in March

  • U.S. consumer spending rose 0.6%.

  • U.S. manufacturing (ISM) rose from 59.6 to 60.4

  • U.S. construction spending rose 0.2% MoM, but fell 12.3% YoY

  • China will raise reserve requirement 0.50% to 17%.

  • Australian mining shares fell after the government slapped a 40% tax on profits.

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