Thursday, September 02, 2010

Quick Overview

  • Pending U.S. home resale’s rose 5.2% after a revised 2.8% drop the previous month.

  • U.S. first-time claims for unemployment benefits fell by 6,000 to 472,000 in the week ended Aug. 28.

  • EU PPI rose by 0.2% MoM

  • YoY EU GDP grew 1% in Q2

  • Putin extended Russia's ban on wheat exports until next year's harvest to ensure it has bounced back from a severe drought and wildfires that destroyed 20 percent of the crop this year.

  • Sweden raised the repo rate by 0.25% to 0.75 %

  • Brazilian mills will produce 38.2 million metric tons of sugar this year, less than the 38.7 million tons estimated on April 29, Conab said.

  • Sugar beet tests in Russia showed levels at 16.6%, 1 point higher than last year, but beet weights one-third lower at 292 grams.

  • The sugar content of the French beet crop is currently at 15.8%, down from 17% in August.

  • The International Cotton Advisory Committee cut by 700,000 tonnes to 9.8m tonnes its forecast for world cotton stocks at the end of 2010-11.

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