Tuesday, May 20, 2008

Quick Overview

  • U.S. producer price index rose 0.2% in April and up 6.5% YoY. Excluding food and energy, prices rose 0.4% in April and up 3.0% YoY.

  • The Chicago Fed's index of national activity fellfrom -.98 to -1.17 in April

  • Canada’s wholesale sales rose 0.6% MoM.

  • Japan's index of service rose 0.3% in March.

  • Germany’s Producer prices rose 1.1% in April.

  • The USDA predicts world sugar production down 2% in 2008-2009, with ending stocks down 3.5 million to 41.44 million tons -- 25% of annual use.

  • The World Gold Council said world gold demand totaled 701 tons in the first quarter of 2008, down 16% YoY. World mine production totaled 593 tons.

  • T. Boone Pickens predicted crude would reach $150 a barrel this year.


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