Quick Overview

• Production at U.S. factories, mines and utilities rose 0.9% in June, twice as much as expected, the Federal Reserve said Friday.
  
  

• The producer price index for June was unchanged from May, while prices excluding food and energy fell 0.1%, the Labor Department said Friday.
  
  
• The University of Michigan’s preliminary consumer sentiment index for July rose to 96.5, more than expected.
  
  

• Manufacturing in New York state rose for the second straight month in July, according to a monthly survey by the Federal Reserve Bank of New York released Friday.
  
  

• Business inventories rose 0.1% in May, the Commerce Department said Friday.
  
  

• Department store sales in Tokyo fell 1.1% in June. This is the 40th decline in 43 months.
  
  

• Zhu Chenghu, a major general in the Peoples Liberation Army, said today that if the U.S. attacked China over Taiwan, there would be no option but nuclear.
  
  

• European Central Banker Wellink was talking tough this morning. He says cutting rates "not on my mind"
  
  

• Diesel prices continued a record-breaking climb, with prices hitting a fresh record of $2.408 a gallon for the week ending July 11.

• The Green Coffee Association said that U.S. coffee stocks were up 72,290 bags in June to 5.94 million bags. December coffee was down .0295 to $1.0985.