Monday, May 14, 2007

Quick Overview

  • Japanese wholesale prices rose 0.8% MoM and climbed 2.2% YoY.

  • Japan’s current account surplus rose 36.9% -- a record high. On a seasonally adjusted basis the current account surplus rose 63.3% MoM, following a 19.2% monthly decline in February.

  • Producer prices in the U.K. were up 2.5% YoY

  • The Florida Department of Citrus said there were 78.2 billion gallons of frozen orange juice concentrate in inventory, down 15% YoY.

  • AAA said U.S. average gasoline prices climbed to a record-high average of $3.073 a gallon.

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