Wednesday, May 13, 2009

Quick Overview

  • U.S. retail sales fell 0.4% in April.

  • RealtyTrac said there were 342,038 U.S. foreclosures in April, up 32% YoY.

  • Industrial production in the Euro area fell 2.0% MoM and 20.2% YoY

  • YoY China's industrial output rose 7.3% in April

  • (Reuters) - The U.S. financial system has already completed a big part of the painful adjustment away from its excessively leveraged state, and lending is starting to improve, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

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