Friday, July 02, 2010

Quick Overview

  • The U.S. lost 125,000 jobs in June as temporary census workers exited the labor force. The private sector added 83,000 jobs. The unemployment rate fell to 9.5%.

  • U.S. Factory orders fell 1.4% in May

  • EU unemployment rate stayed at 9.6% in May.

  • China's GDP rose 9.1% in 2009. Goldman Sachs. cut its growth forecast for China this year to 10.1 % from 11.4 %.

  • Sugar prices may rise 30 percent this year on increasing demand, low yields and transportation delays for sugar-cane crops in Brazil, said Copersucar SA, a Brazilian cooperative that sells more sugar overseas than Thailand.

  • Orange-juice gained for the third day in a row on concern that storms may damage the crop in Florida

  • (Bloomberg) India, the world’s second-largest cotton grower and exporter, will end curbs on overseas sales in the new crop year amid forecasts for a record harvest, said a government official.

  • Germany's lower house of Parliament approved a watered-down bill banning "naked" short-selling of all stocks and some euro currency derivatives

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