Monday, May 16, 2005

Quick Overview

  • According to the Investment Company Institute, total assets of exchange-traded funds were $228.7 billion in March, an increase of 2.2% from February.

  • President Bush urged Congress today to encourage the development of ethanol and biodiesel to reduce the U.S.'s dependence on oil.

  • The International Coffee Organization kept its estimate of 2005-2006 world production at 106 million (60-kg) bags.
    U.S. Green Coffee stocks were up 88,865 bags from a month ago to 5.78 million bags on April 30th.

  • Indonesia's GDP was up 6.3% in the first quarter, stronger than expected.

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