Thursday, July 23, 2009

Quick Overview

  • U.S. jobless claims rose 30,000 last week to 554,000.

  • There is currently a 9.4 month supply of homes for sale in the U.S.

  • Sweden’s June Unemployment Rate rose 0.8% to 9.8% in May

  • Euro Zone May Current Account out at -1.2B vs. -6.1B in Apr.

  • UK June Retail Sales rose 1.2% MoM vs. -0.9% in May

  • Canada’s consumer confidence rose from 82.1 to 82.9 in July

  • The USDA said that there were 579 million pounds of frozen pork in storage, up 9% YoY

  • Frozen bellies totaled 76.4 million pounds, up 3% YoY

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