Wednesday, September 15, 2010

Quick Overview

  • The Japanese government intervened in the forex market Wednesday for the first time in more than six years -- selling yen to curb the currency's strength

  • Agronomists in coffee regions from near northern Sao Paulo to robusta-growing Espirito Santo said they were worried the drought could deal a blow to the crop if the rains, which usually return in late September, did not arrive soon.

  • In the latest sign of trade curbs Belarus has banned exports to Europe of rapeseed oil

  • YoY Peru's July GDP rose 9.05%

  • U.S.  Industrial output rose 0.2 % after a 0.6% gain in July that was smaller than previously estimated.

  • New Delhi, Sep 15, 2010: With the monsoon active all over India, there is no let up in the causalities resulting from H1N1 influenza virus attack. According to the latest release by the Indian Ministry of Health & Family Welfare, the lab confirmed cases reported during the week of Sep 6-12, 2010 are 1011; with 75 deaths reported during the same period.

  • Israel’s industrial output rose by 14% YoY

  • China's crude oil imports were 20.9 million tons or 4.94 million barrels per day in August, up from the 19 million tons in July or 18.47 million tons in the same month last year.

  • Eurozoe inflation rate  at 1.6 percent in August.

  • The unemployment rate in Britain for the three months to July declined by 0.1 % to 7.8 %

  • A total of 18,541 new and resale houses and condos closed escrow last month in Los Angeles, Riverside, San Diego, Ventura, and San Bernardino and Orange counties. That was down 2.1 % from 18,946 sales in July, and down 13.8% from 21,502 sales in August 2009

  • Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing. “I am a huge bull on this country,” ..

  • (FT) AngloGold Ashanti, the world’s third-biggest gold miner, will wind up its hedge book by early 2011, joining Barrick Gold, the industry’s leader, in putting an end to the legacy of forward sales which pre-dates the boom in gold prices.

  • GFMS  said central banks would buy about 15 tonnes of bullion on a net basis this year, a situation last seen in 1988.

  • YoY combined imports into the ports of Los Angeles and Long Beach grew 23.9% August

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