Friday, March 28, 2008

Quick Overview

  • U.S. Personal incomes rose 0.5% in February, better than expected. Consumer spending rose 0.1%.

  • The University of Michigan's consumer sentiment index fell from 70.8 to 69.5

  • U.K.'s GDP rose 0.6% QoQ and 2.8% YoY.

  • Japan’s T unemployment rate rose from 3.8% to 3.9% in February.
    Japan's consumer prices fell 0.2% MoM, but rose 1.0% YoY.

  • The U.S. produced 6.48 billion gallons of ethanol in 2007, up 34% YoY. The U.S. capacity is now 13.4 billion gallons with another 5.2 billion gallons on the way in 08.

  • The USDA said that, on March 1st, there were 65.909 million head of hogs and pigs in the U.S. -- up 6.5% YoY.

  • (FT) Rice prices jumped 30% to an all-time high, raising fears of fresh outbreaks of social unrest across Asia where the grain is a staple food for more than 2.5bn people

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