Tuesday, March 22, 2011

Quick Overview

  • (Bloomberg) Goldman Sachs Group Inc. forecasts a global expansion of 4.8 percent this year, while JPMorgan calls for 4.4 percent.


  • U.S. Federal Reserve Bank of Dallas President Richard Fisher said he is likely to be among the first Fed officials to press for tighter monetary policy when the time comes, warning that inflationary pressures are building.

  • OPEC said $120 oil is an “acceptable” level and will not hinder global growth.
  • Goldman Sachs predicts U.S. corn acreage this year at 92.1 million (37.3 million hectares), above the U.S. Department of Agriculture's current estimate for 92.0 million. The USDA will release its first plantings data for 2011 based on a farmer surveys on Mar. 31.
  • U.K. index of factory orders rose to 5, the highest since March 2008, from minus 8 in February.

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