Wednesday, June 16, 2010

Quick Overview

  • Spain’s central bank plans to publish the results of “stress tests” on the country’s financial institutions.

  • US industrial production rose 1.2% in May.

  • U.S. housing starts were at an annual rate of 593,000 in May, down 10.0% MoM and up 7.8% YoY

  • US utilization rose from 73.7% to 74.7% of capacity.

  • US mortgage applications rose 18% last week,

  • U.K.'s unemployment rate out at 7.9%, down from 8.0% last month.

  • YoY Consumer prices in the EUrose 2.0% in May

  • The U.S. Department of Energy said:
    Supplies of crude oil supplies rose 1.7 million barrels to 363.1 million barrels.
    Supplies of gasoline fell 600,000 barrels
    Supplies of distillates rose 1.8 million barrels.
    Gasoline demand fell 0.7%
    Distillate demand rose 12.5%

  • FedEx expects U.S. GDP growth of 3.2% during its fiscal 2011, compared to just 1% in the prior period.

  • BP swaps Rise to 36% odds of default and cancels dividend

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