Quick Overview

• U.S. GDP growth in the first quarter was 0.6%. YoY GDP was up 1.9%
  

• Chicago purchasing managers index rose from 52.9 to 61.7
  
  

• U.S. Home prices increased 0.5% in the first quarter, the slowest QoQ price gain in 10 years.
  
  

• Canada’s GDP rose 0.3% in March -- up 2.0% YoY
  

• Consumer prices in the Euro area rose 1.9%.
  

• Germany's unemployment rate remained at 9.2%.
  

• YoY GDP in India rose 9.4%.
  
  

• The U.S. DOE said that:
  Supplies of crude oil were down 2.0 million barrels at 342.2 million barrels.
  Supplies of gasoline were up 1.3 million barrels.
  U.S. Gasoline demand was up 1.4% YoY.
  Distillate demand was up 2.9% YoY.
  
  

• The International Cocoa Organization said the global cocoa shortfall this year will be 145,000 tons. Adverse weather hurt crops in the top producing countries. They estimate end of season world cocoa stocks at 1.74 million tons -- 49% of annual use.