- U.S. Consumer confidence rose in the latest week as gasoline price hikes moderated, regaining its highest level since April, ABC News and the Washington Post said on Tuesday.
- The United States needs to preserve a welcome investment climate to ward off the risk of an abrupt adjustment in the current account that harms the economy, a top White House economic adviser said on Tuesday.
- The Conference Board's index of U.S. consumer confidence increased from 104.7 to 105.7 in June, stronger than expected.
- U.S. existing home sales were at an annual rate of 6.67 million units in May, down 1.2% from April's pace,
- Business confidence in Germany increased from 105.7 to 106.8 in June, the highest reading in 15 years.
- The average national price of retail diesel fuel fell 4.8 cents to $2.867 a gallon, the biggest decline this year, the Department of Energy reported.
- The International Copper Study Group said that world copper production exceeded demand in the first quarter of 2006 by 64,000 tons, up from an 89,000 ton deficit in the first quarter of 2005. Production was up 4.8% YoY while usage was up 1%.
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