- The World Bank expects world GDP to fall 2.9% in 2009, worse than the 1.7% predicted in March. They expect U.S. GDP to fall 3% and 4.5% in Europe.
- Japan's Tankan survey rose from -66.0 to -13.2 in Q2
- (Reuters) - The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets.
- The USDA said there were 10.407 million head of cattle on feed as of June 1st, down 3.8% YoY
- China imported 337,230 tons of copper in May, a record high that dropped copper to the lowest level in more than two weeks. It was taken as a signal for a peak in demand from the world's biggest consumer of the red metal.
- (Reuters) - The Federal Reserve is considering creating a utility to replace the Wall Street banks that handle U.S. repo market transactions, the Financial Times reported on Monday,
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