Tuesday, June 29, 2010

Quick Overview

  • (Reuters) - A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.

  • U.S. consumer confidence fell from 62.7 to 52.9 in May, weaker than expected.

  • Chinas leading indicators fell 0.3% in April

  • Japan's unemployment rate rose from 5.1% to 5.2% in May,
  • Japan’s industrial output fell 0.1% in May.
  • Japan’s household spending fell 0.7% in May

  • The S&P’s /Case-Shiller index of home prices in twenty U.S. cities rose 0.4% MoM and up 3.8% YoY.

  • Oil World says soyoil prices will "likely strengthen", rebuilding a premium over palm oil, thanks to a pick up in Chinese and Indian orders

  • Lack of rain in Vietnam caused Robusta prices to hit a fresh 16-month high as worries mount about the top producer's lack of rainfall, which is also hitting rice crops.

  • There are 90 vessels in Brazil waiting to be loaded with sugar.

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