Monday, October 05, 2009

Quick Overview

  • Australia raised interest rates by 0.25% to 3.25%

  • The Institute for Supply Management’s index of non- manufacturing businesses, rose to 50.9 from 48.4 in August -- higher than forecast.

  • Retail sales in the EU fell 0.3% MoM and 1.8% YoY.

  • EU manufacturing and services rose from 50.4 to 51.1.

  • Services in the U.K. rose from 54.1 to 55.3 in September.

  • FCStone to raise its estimate for a global sugar shortfall in the year ended September to 8 million tons, from 6.1 million tons previously.

  • Roubini thinks that the piles of money being printed are leading to asset bubbles in stocks and commodities

  • Norway is rated the best place in the world to live

  • (Arlan Suderman) Commodity Weather Group raises risk of hard freeze for NW half of Mdwst by Oct. 13 to 80%. Risk for northern Delta by 14th is 20%.

  • Sugar production in India'sKarnataka state is expected to decline for a second year due to flooding

  • (DJ) Soybean Rust Making Fast Late-Season Push; No Damage Foreseen

  • (FT) Traders are concerned that the cocoa market could face a supply deficit for a fourth year in succession as yields from ageing cocoa trees in the Ivory Coast have been affected by disease.

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