Quick Overview

• Existing homes sales fell in June for a fourth straight month, declining 3.8%, the National Association of Realtors said.
  

• The Federal Reserve's Beige Book said that economic activity continued to expand in all twelve districts.

• The U.S. economy is "performing well" and defaults on commercial and industrial loans by banks remain "low," New York Federal Reserve Bank President Timothy Geithner said.
  

• Consumer prices in Australia rose 1.2% QoQ, and 2.1% YoY.
  

• GDP in South Korea rose 4.9% YoY.
  

• New Zealand's central bank raised its benchmark interest rate to 8.25 percent.
  

• The Department of Energy said that:
  Supplies of crude oil fell 1.1 million barrels last week at 351.0 million barrels.
  Supplies of gasoline rose 800,000 barrels
  Supplies of heating oil rose 2.9 million barrels.
  Gasoline demand was up 1.2% YoY
  Distillate demand was up 2.8% YoY