Wednesday, April 28, 2010

Quick Overview

  • The Mortgage Bankers Association's index of mortgage applications fell 2.9% last week.

  • China's Ag Ministry said that snow in northeastern China will delay planting by more than ten days.

  • The USDA have confirmed a sale of 115,000 MT of old crop US corn to China. US corn into China's ports will be important test with potentially significant implications..how much corn do they intend to purchase, as drought cripples their grain belt and demand rises on a robust economy."

  • YoY Australia's consumer price index rose 2.9% in Q1

  • YoY Japan's retail sales rose 4.7% in March

  • Republicans blocked progress on financial reform for a third day.

  • Firms are now able to post physical gold to CME Clearing to cover non-segregated Performance Bond requirements.

  • Spain became the latest European country to see its credit rating cut.

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