Wednesday, September 22, 2010

Quick Overview

  • YoY U.S. House prices fell 3.3 % in July, the eighth consecutive decline, as foreclosed properties flooded the market, the Federal Housing Finance Agency in Washington said yesterday

  • (Bloomberg) -- Microsoft Corp. raised its quarterly dividend by 3 cents, or 23 percent, to 16 cents a share and got approval from its board to sell as much as $6 billion in additional debt.

  • MoM Industrial new orders in the euro zone dropped by 2.4% July.

  • The U.S. Fed is more concerned with the pace of economic recovery and is "prepared" to take further steps (printing) to stimulate the economy if needed -- gold hits record.

  • The U.S. DOE said:
  • Supplies of crude rose 970,000 barrels to 358.3 million last week. This against analyst expectations for a drop of 1.7 million barrels
  • Supplies of gasoline rose 1.59 million barrels to 226.1 million
  • Supplies of distillate fuel, a category that includes heating oil and diesel, rose 347,000 barrels to 174.9 million.

  • China consumed an estimated 35.54 million metric tons of oil in August, up 7.6% YoY

  • Orders for new ships increased 17% YoY to 1.96 million gross tons in the January-June period

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