Wednesday, July 06, 2005

Quick Overview

  • The price of crude oil topped $60 in morning trading on the New York Mercantile Exchange as Tropical Storm Cindy struck the Louisiana coast, heightening supply fears, Bloomberg News reported Wednesday

  • The ISM index of U.S. service activity increased from 58.5 to 62.2 in June, stronger than expected

  • Brazil's Coffee Roasters Association said that coffee consumption in Brazil was up 12% in 2004-2005 to 15.5 million (60-kg.) bags.

  • Factory production in the U.K. was unchanged in May and down 1.7% YoY.

  • An index of retail sales in the Euro zone dropped from 50.1 to 49.2 in June.

  • An index of leading indicators for Japan improved from 31.8 to 40.0 in May.

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