- 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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