Monday, June 14, 2010

Quick Overview

  • EU industrial production rose 0.5% MoM and up 7.8% YoY

  • (Bloomberg) -- Greece’s credit rating was cut four steps to non-investment grade, or junk, by Moody’s Investors Service, which cited the country’s economic “risks.” The rating was lowered to Ba1 from A3.

  • Wet weather could slash oat production in Western Canada, the second-biggest oat-growing region in the world, by more than 700,000 tonnes. That kind of drop represents 22% of the Canadian Agriculture Department's May 5 production estimate of 3.2 million tonnes.

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