- China announced that food producers will have to get permission before raising prices. Some analysts pointed out that this will curt-tale domestic food production without curbing demand.
- J.P. Morgan's net income dropped 34% in Q4, and reported $1.3 billion in sub prime-related losses.
- Wells Fargo Q4 profit fell 38%, as more people missed payments on mortgages and home equity loans.
- U.S. Industrial production is unchanged in December and up 1.5% YoY.
- U.K.'s unemployment rate out at 5.3%, MoM unchanged.
- YoY Consumer prices in the Euro area rose 3.1% in December
- Japans machinery orders fell 2.8% in November – better than expected.
- For the 11th time China increased reserve requirement for its banks -- now at 15.00%.
- The U.S. Department of Energy said that:
Supplies of crude oil rose 4.3 million barrels to 287.1 million barrels,
Supplies of gasoline rose 2.2 million barrels
Supplies of heating oil supplies rose 200,000 barrels.
Refinery use fell from 91.3% to 87.1%.
Gasoline demand rose 1.2% YoY
Distillate demand rose 2.1% YoY.
- Because of a lack of rainfall Cocoa exporters lowered Ivory Coast production estimates to just over 1 million tonnes from 1.1 million previously.
No comments:
Post a Comment