Thursday, January 07, 2010

Quick Overview

  • Shares of General Electric (NYSE: GE) have rallied sharply on apparently no news-- volume has spiked higher.

  • The EPA today proposed significantly tougher smog standards after reconsidering the Bush administration's controversial 2008 regulations.

  • Japan's new Finance Minister Naoto Kan favors a weaker yen.

  • China raised the yield on three-month bills from 1.33% to 1.37%, the first increase in five months.

  • MoM EU retail sales fell 0.8% and 2.1% YoY.

  • Brazil's expects its coffee crop to total 46.7 million bags in 2010. The USDA estimated Brazil's 2009 coffee crop at 43.5 million bags.

  • "We had isolated pockets across the citrus belt of damage--frozen fruit and twig and leaf damage--again, not catastrophic but we did suffer some damage," said Andrew Meadows, spokesman for Florida Citrus Mutual, the state's largest grower representative.
    Another strong cold front is expected to make its way to Florida by Friday, putting the citrus belt back in the danger zone through the weekend. Lows in the 20s and low 30s are expected to be seen Saturday night and Sunday morning.

  • Winterkill Threat Through End of Week in 1/4 of Plains Wheat Belt

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