Wednesday, June 27, 2007

Quick Overview

  • U.S. Durable goods orders were down 2.8% in May, weaker than expected.

  • YoY Retail sales in Japan were up 0.1% in May.

  • Japan's industrial production unexpectedly fell 0.4% in May, raising concern that the world's second-largest economy may stall.

  • The U.S. DOE said:
    Supplies of crude oil rose 1.6 million barrels last week to 350.9 million barrels.
    Supplies of gasoline fell 700,000 barrels
    Supplies of heating oil supplies fell 200,000 barrels.
    Gasoline demand was up 1.4% YoY
    Distillate demand was up 3.5% YoY.


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