Wednesday, July 18, 2007

Quick Overview

  • U.S. housing starts rose 2.3% from May's pace. YoY housing starts are down 26%.


  • China's gross domestic product expanded 11.9 % YoY -- the fastest pace in 12 years.

  • The U.S. Department of Energy said that:
    Supplies of crude oil fell 500,000 barrels last week to 352.1 million barrels.
    Supplies of gasoline fell 2.3 million barrels
    Supplies of heating oil fell 700,000 barrels.
    Gasoline demand rose 1.3% YoY
    Distillate demand rose 4.4% YoY.

  • MoM Consumer prices in Canada fell 0.2%. YoY prices rose 2.2%

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