Wednesday, July 28, 2010

Quick Overview

  • Australian consumer prices rose by less than expected. QoQ Australia’s consumer price index rose 0.6%, and 3.1% YoY.
  • U.S. durable goods orders fell 1% in June after a revised 0.8 % fall in May, making the decline the largest since last August. Analysts had forecast orders rising.
  • German consumer prices rose 1.1%YoY and 0.2 % MoM. 
  • The DOE said:
  • Supplies of crude oil rose 7.31 million barrels to 360.8 million in the week ended July 23. More Than expected
  • Gasoline inventories rose by 100,000 barrels to 222.2 million barrels
  • Demand for gasoline rose 2.1 % YoY
  • U.S. refineries ran at 90.6% of total capacity.
  • Supplies of distillate fuel, which include diesel and heating oil, rose by 900,000 barrels to 167.5 million barrels.
  • YoY Chile's industrial output rose 2.9%
  • White House budget chief Peter Orszag said it would be "foolish" to cut the U.S. deficit while economic growth was still frail, but it would be equally foolish not to significantly curb the deficit by 2015.
  • Russian wheat production estimates are falling daily! Yesterday’s temperature in Moscow was the highest since Russia began keeping records 130 years ago.
  • The London Metal Exchange on Wednesday merges its two regional steel futures contracts Mediterranean and Far East to create a global one, aiming to generate more business in Asia, where metals trading is on the rise.
  • Containerized imports at the Port of Seattle exploded last month, increasing 93.3 % YoY
  • Intel Corporation today announced an important advance in the quest to use light beams to replace the use of electrons to carry data in and around computers. The company has developed a research prototype representing the world's first silicon-based optical data connection with integrated lasers. The link can move data over longer distances and many times faster than today's copper technology; up to 50 gigabits of data per second. This is the equivalent of an entire HD movie being transmitted each second.

No comments: