Monday, August 07, 2006

Quick Overview

  • The Fed reported that YoY consumer borrowing rose 5.7% in June, up sharply from a 3.3 percent increase in May.

  • Japan's July foreign exchange reserves rose $7.06 billion on month to $871.94 billion, the Finance Ministry said Monday.

  • China's National Foreign Exchange Center set the Yuan rate at a record 7.9699 to the dollar.

  • Sweden’s GDP rose 5.5% YoY versus 4.2% expected.

  • MoM UK’s Industrial Production fell -0.1% in June vs. 0.2% expected, YoY -0.7 vs. -0.3% exp.

  • UK’s Manufacturing Production was up 0.1% in June vs. 0.2% expected, YoY 0.9% vs. 0.9% exp.

  • BP said Sunday it would shut down the Prudhoe Bay oil field, which represents 8 percent of daily U.S. crude production, because of possible pipeline corrosion.


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