Sunday, July 18, 2010

Quick Overview

  • (Dow Jones)--Investors' reaction will be negative to Hungary's failure over the weekend to reach a deal with the International Monetary Fund and the European Union that would allow it to draw on the remainder of its existing EUR20 billion IMF/EU standby credit line.
  • Wow... the Baltic Dry Index broke a run of 35 straight down days by closing a modest 20 points higher at 1720 on Friday.
  • June London Retail sales rose 14.4% YoY.

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