Thursday, October 21, 2010

Quick Overview

  • U.S. Initial jobless claims fell by 23,000 to 452,000 in the week ended Oct. 15

  • Russia to privatize 900 state enterprises by 2015

  • IMF Director for Asia Pacific Region Anoop Singh said Asia remains firmly in the lead of the global economic recovery and strong growth in the region is set to continue.

  • The German government raised 2010 economic growth estimate to 3.4 % from April's 1.4 %

  • Chinese officials said China processed 8.49 million barrels of crude oil per day in September, 6.6% more than last year and its second highest level ever.
  • China’s Q3 GDP rose 9.6% YoY
  • China’s Sept. CPI rose 3.6 % YoY
  • China’s Sept. industry output rose 13.3% YoY
  • Rice supply concerns underpin gains as Typhoon Megi approaches coastal China crop areas.

  • US crude inventories rose by 700,000 bbl to 361.2 million bbl
  • Gasoline stocks rose 1.2 million bbl to 219.3 million bbl
  • Distillate fuel inventories fell 2.2 million bbl to 170.1 million bbl

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