Friday, April 23, 2010

Quick Overview

  • Boosted by a soon-to-expire tax break, low mortgage rates and favorable weather, sales of U.S. new homes surged 27% in March and up 23.8% YoY

  • Customs authorities said China's exports rose 24.3% in March to US$112.1 billion from the same month a year earlier, while imports soared 66% YoY $119.3 billion. Foreign trade rose 44.1% to $617.85 billion.

  • The U.S. Commerce Department said that durable goods orders fell 1.3% in March. Excluding transportation, orders rose 2.8%

  • U.K. GDP rose 0.2% in Q1 and fell 0 .3% YoY

  • Canada’s consumer price index rose 1.4%
    Canada’s retail sales rose 0 .5% in February

  • EU industrial new orders rose 1.1% in February and 12.7% YoY

  • The USDA said that, as of March 31st, there were 510.5 million pounds of frozen pork in storage, down 14% YoY

  • The USDA said that 2.21 billion pounds of beef were produced in March, up 3% YoY

  • The USDA said pork production totaled 2.04 billion pounds, up 4% YoY



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