Thursday, May 06, 2010

Quick Overview

  • Greek lawmakers approved the government's 30 billion euro ($40 billion) austerity bill in a vote in parliament.

  • US equity prices whipsawed (BID from $30 to $100,000, ACN from $40 to $0) in value before closing sharply lower during a wild day on Wall Street that prompted leading stock exchanges to cancel some trades amid fears of trader errors and computer malfunctions.

  • (Reuters) - Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior.

  • U.S. non-farm productivity rose at an annual rate of 3.6% in Q1 and up 6.3% YoY

  • July lumber ended down its $10 daily limit at $285.50, hurt by today's commodities sell off.

  • Brazil's estimates the upcoming coffee crop at 47 million bags

  • Citrus Processors Report said there were 126.96 million gallons of frozen concentrated orange juice in inventory on April 24th

  • Services in the U.K. fell from 56.5 to 55.3 in April

  • International Cotton Advisory Committee said global cotton production in the coming season will leap 13% in reaction to surging prices.

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