Friday, November 06, 2009

Quick Overview

  • US jobs data out worse than expected, with nonfarm payrolls up by 190,000 against expectations of 175,000 and unemployment rising from 9.8% last month to 10.2% now

  • U.S. wholesale sales rose 0.7% MoM while inventories fell 0.9%.

  • Canada’s unemployment rate rose from 8.4% to 8.6% in October

  • The Reserve Bank of Australia estimates GDP will be up 1.75% in 2009 and up 3.25% in 2010.

  • The US ag attachee cut to 13.2m tonnes the forecast for Chinas sugar output, representing a 9% cut on their initial estimate, and a 1.2% fall YoY.

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