Monday, June 20, 2005

Quick Overview

  • The index of leading U.S. economic indicators fell 0.5% in May to 114.1, the Conference Board said Monday.

  • London inventories of copper are now at 34,500 tons.

  • Today's 6 to 10 day forecast from the U.S. National Weather Service expects above average temperatures and below normal precipitation for most of the Midwest.

  • Citrus canker is becoming a growing concern in Florida.

  • Members of the European Union failed to agree on a new seven-year budget over the weekend.

  • Despite ongoing demand running ahead of capacity faltering Charter rates and new ship prices could be a sign that the three-year rally in box shipping is leveling off.

  • US rail carloads totaling 332,491 units decreased 2.2 percent the week of June compared to the same week in 2004.

  • The Singapore Exchange has confirmed plans to develop a clearing house for freight and energy derivatives as the country looks to capture more of the growing Asian market.

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