Monday, February 01, 2010

Quick Overview

  • U.S. personal incomes rose 0.3% in December. YoY personal incomes fell 1.4%, the biggest decline since 1938.

  • U.S. Consumer spending rose 0.2%.

  • The Institute of Supply Management's manufacturing index rose from 54.9 to 58.4

  • U.S. Construction spending fell 1.2% MoM. YoY construction spending fell 12.4%

  • Manufacturing in Australia rose from 48.5 to 51.0 in January

  • Manufacturing in the U.K. rose from 54.6 to 56.7 in January.

  • Manufacturing in the EU rose from 51.6 to 52.4 in January

  • Russia's GDP fell 7.9% in 2009

  • Global demand for sugar will exceed supply by 13.5 million tons this season, according to broker Czarnikow Group Ltd.

  • (Bloomberg) -- Soybean fungi are spreading across Brazil and Argentina, the world’s second- and third-largest producers, threatening record crops.

  • The USDA said U.S. cattle inventory fell 0.9% YoY

  • Australia surprised markets with the decision to leave its rates unchanged at 3.75%.

  • Shell plans $1.63B investment in Brazilian ethanol.

  • Weekly charts of interest:
    World Copper stocks, NY weekly adv. Issues.

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