Archive for June 10th, 2010

U.S. Trade Deficit Flat At $-40.3 Billion In April

U.S. trade balance for April was reported at $-40.3 billion vs. consensus of $-41 billion and a March reading of $-40.4 billion. Chart 1. U.S. Trade Balance

Initial Jobless Claims At 456.000

Initial jobless claims were reported at 456.000. The consensus was at 448.000, last week revised reading was at 459.000. It just doesn’t go down… Chart 1. U.S. Initial Jobless Claims

Chinese Trade Balance Surprises To the Upside

China trade balance was reported at USD 19.5 billion vs. USD 8.2 billion consensus and USD 1.7 billion in April. Export and import growth was running at 48.5 and 48.3 percent; Exports beat the consensus by 15% margin. Good numbers, but I suspect that going further into the year we will deterioration in trade balance as global […]

China NDRC Property Index Growth Topping Out

Housing and commercial real-estate prices in China rose 12.4% in May compared with record reading of 12.8% in April and 12% consensus. Chart 1. China NDRC Property Price Index – House Price YoY

U.S. Petroleum Weekly – June 10, 2010

Crude oil stocks fell 1.8 million barrels for week ending June 4; Gasoline stocks remained flat; Distillate stocks increased  1.8 million barrels; Propane/propylene stocks rose 1.2 million barrels; Total crude oil and petroleum stocks were 0.4 million barrels lower than the week before. Refinery utilization rose from 87.5% to 89.1%. Implied demand flat. Crude oil […]


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