Thursday, June 12, 2008

Quick Overview

  • U.S. retail sales rose 1.0% in May. Excluding autos, sales rose 1.2%.

  • U.S. business sales rose 1.4% in April. Inventories rose 0.5%.

  • U.S. jobless claims rose 25,000 last week to 384,000.

  • China's consumer prices rose 7.7% YoY.

  • Australia's unemployment rate at 4.3% in May.

  • Industrial production rose 0.9% in the Euro area 3.9% YoY

  • Joe Leiberman says he will introduce legislation next week to ban institutional investors, like index funds, from the commodities markets.

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