Monday, July 06, 2009

Quick Overview

  • The U.S. Institute of Supply Management’s index of services rose from 44.0 to 47.0 in June

  • Retail sales in the EU-27 fell 0.5% in May.

  • Euro Zone July Sentix Investor Confidence fell to -31.3 from -27.0 in June

  • Services in the U.K. fell from 51.7 to 51.6 in May

  • German cocoa grindings fell 15% YoY.

  • (FT) India, the world's largest consumer of gold, faces a drop in precious metal imports after the government revealed plans to double import taxes on gold and silver

  • Moody's Investors Service has downgraded American ports from "stable" to "negative" as the downturn reduces consumer demand and cargo volumes.

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