Quick Overview

• Support is growing on several fronts in Washington for mortgage-industry reforms and homeowner-assistance programs.
  

• Foreigners purchased $118.0 billion of U.S. securities in October while U.S. purchases of foreign securities amounted to $4.1 billion.
  

• The National Association of Home Builders sentiment index stayed at 19, the lowest since the index began in 1985.
  
  
  

• Manufacturing and services index in the Euro area fell from 54.1 to 53.3 in December
  
  

• Japan's tertiary index rose 1.1% in October
  
  

• China's third largest container port, Qingdao, handled more than nine million TEU during 2007, up 23 % YoY.
  

• The USDA said that last week's export inspections of:
  Corn totaled 46.6 million bushels, up 13% YoY.
  Soybeans totaled 35.6 million bushels, up 42% YoY.
  Wheat totaled 19.4 million bushels, up 63% YoY.
  
  

• The U.S. Senate's latest energy bill wants 36 billion gallons of renewable fuels to be used in U.S. vehicles by 2,022. Some 15 billion gallons of this are to come from corn. The rest is to come from other sources such as cellulose and sugar.