Thursday, July 29, 2010

Quick Overview

  • U.S. initial jobless claims dropped by 11,000 in the week ended July 24 from a revised 468,000
  • EU economic sentiment indicator for the 16-nation currency area rose to 101.3 in July, a 28-month high, from an upwardly revised 99.0 in June.
  • Profits of China's industrial enterprises climbed 71.8% Yoy to hit 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said
  • Exxon's second-quarter income nearly doubled to $7.56 billion.
  • Shell’s second-quarter profit rose 94 per cent to $4.53bn
  • Total wheat export sales of 919,900 tons for the week ended July 22 topped estimates of 250,000 to 450,000 tons.
  • New Zealand hiked its key lending rate by 25 basis points to 3.00%.
  • US economic activity has ‘continued to increase’ over the past seven weeks but there are signs of a slowdown, according to the Federal Reserve’s latest Beige Book survey.
  • Swedish consumer confidence rose to a 10-year high of 23.3 up from 22.0 MoM
  • (Skilling) Chicago area established the city's longest string of consecutive above 80-degree highs since weather records began 140 years ago.

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