- Mexico's economy picked up speed in the second quarter and grew about 4 percent over the same period last year, helped by strong consumer spending and export growth
- Crude oil prices soared to a record $62.20 a barrel Monday following reports of U.S. refinery capacity concerns and the death of Saudi Arabia's King Fahd, news services reported
- U.S. construction spending was at an annual rate of $1.093 trillion in June, down 0.3% from May.
- An index of manufacturing in the U.K. slipped from 49.6 to 49.2 in July.
- An index of manufacturing in the Euro zone improved from 49.9 to 50.8 in July, the highest in five months.
- Land prices in Tokyo rose in 2004 for the first time in 13 years, reflecting an economic recovery, while land prices nationally fell for the 13th straight year but at a slower pace, government data showed on Monday.
- The USDA's good to excellent crop rating for:
Corn was 53%, the same as last week.
Soybeans were 54%, the same as last week.
Spring wheat was 68%, down from 70% last week.
Cotton was 61%, the same as last week.
- Ocean freight continued weak, taking gulf to Japan back to $34 a ton, which is the lowest rate in almost 30 months.
- Japan will slap 15% levies on US steel imports from September 1 in retaliation for American steel industry protection measures, Reuters reports
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