Friday, June 24, 2005

Quick Overview

  • U.S. orders for durable goods rose 5.5% in May, the most in more than a year, the Commerce Department said Friday

  • U.S. new home sales rise the highest level in seven months, rising 2.1%, the Commerce Department reported Friday.

  • YoY Canada's consumer price index was up 1.6% in May.

  • YoY the GDP in New Zealand was up 2.5% in the first quarter, weaker than expected.

  • Hot and dry weather is expected to continue over much of the Midwestern U.S.

  • The USDA confirmed that a suspected cow did test positive for mad cow disease and emphasized that the animal did not enter the food supply.

  • Rail freight traffic increased for the week ended June 18 compared with the same week last year, and intermodal volume also rose, the Association of American Railroads said.

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