- Late payments and new foreclosures on U.S. homes declined in the first quarter of 2006 compared with the last quarter of 2005, reflecting an improving economy and job creation, the Mortgage Bankers Association said on Monday.
- Atlanta Federal Reserve Bank President Jack Guynn urged U.S. elected officials to face up to long-term fiscal problems and said the world will have to get used to higher oil prices.
- The International Monetary Fund said on Monday that Brazil's economy was less vulnerable amid lower external and domestic debt and foreign reserves that are at more comfortable levels.
- Russia's GDP increased 5.5% in the first quarter of 2006, more than expected.
- Bloomberg news reported that sentiment among homebuilders dropped from 46 to 42 in June, the most dire outlook in eleven years.
- International apprehensions increased again after North Korea announced that they are going to test-launch a long-range ballistic missile
- The Chairman of China’s Cereals and Oils Association says China’s growing
industrial use of Corn will force the country to import 10 mmt. of Corn by 2010.
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