Tuesday, June 26, 2007

Quick Overview

  • The U.S. Census Bureau said new home sales were down 1.6% from April's pace, and down 21% YoY. This is the fourth drop in the past five months, providing further evidence of a continued slump in housing.

  • U.S. Index of consumer confidence fell from 108.5 to 103.9 in June -- more than expected.

  • Shares of COSCO, Asia's largest container line, as much as doubled Tuesday on their Shanghai trading debut.


  • Stats Canada said Canada's farmers planted:
    21.7 million acres of wheat, down 10.5% from a year ago.
    14.6 million acres of canola, up 17% from a year ago.
    3.5 million acres of corn, up 29% from a year ago.
    2.9 million acres of soybeans, down 3% from a year ago.

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