- There is talk that OPEC may reduce production when they next meet on December 14th.
- Federal Reserve officials agree the U.S. labor force has entered a slower-growth phase, but they have yet to reach consensus on what pace of job growth is consistent with a noinflationary expansion.
- French GDP for Q3 was unchanged QoQ and up 1.8% YoY.
- Canada's composite index of leading indicators was up 0.2% MoM
- Retail sales volume in the U.K. was up 0.6% QoQ
- Argentina's trade surplus for October rose 11% YoY.
- The USDA said that world sugar production will be 155.2 million tons in 2006-2007, up 7% YoY. World ending stocks will increase 4.2 million tons to 33.2 million tons -- 22% stock to use. The second lowest stocks to use ratio in nine years.
- The USDA said there were 714 billion pounds of frozen orange juice concentrate in storage on October 31, down 37% YoY.
- The minutes from the latest Bank of Japan monetary policy meeting show the bank plans to raise rates gradually to keep pace with inflation and growth.
- The USDA said there were 466.7 million pounds of frozen pork in storage on October 31, up 4.5% YoY. Bellies totaled 16.6 million pounds, up 5.6% YoY
No comments:
Post a Comment