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receive our daily futures news: Friday, May 16, 2008U.S. Economy
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Statistics Canada said that retail sales among large retailers totaled C$8.33 billion in March, up 9.4% on the month. Also, new vehicle sales in Canada were down .5% in March, but posted the strongest first quarter in ten years. The June Canadian dollar is steady to higher. Real GDP in Hong Kong was up 7.1% in the first quarter from a year ago, better than expected. Thursday, May 15, 2008U.S. Economy
The U.S. Labor Department said that jobless claims were up 6,000 last week to 371,000, roughly as expected. The Federal Reserve of Philadelphia's regional index of manufacturing improved from -24.9 to -15.6 in May, better than expected. The Federal Reserve of New York's regional index of manufacturing fell from +.63 to -3.23 in May, weaker than expected. The June U.S. T-bonds closed up 59/64ths at 116.27/64ths. The U.S. Senate passed a $290 billion farm bill by a vote of 81-15. $40 billion of the bill is for farm subsidies while two-thirds of the cost is for food assistance. The National Association of Home Builders said that its sentiment index slipped from 20 to 19 in May, near the record low of 18 since the index began in 1985. July lumber ended up $1.30 at $243.80. Grains
The USDA said that China bought 60,000 tons of U.S. soybeans this year and 66,000 tons for next year. July soybeans fell 32 cents to $13.475. Sugar
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The U.K.'s Office for National Statistics said that housing starts totaled 32,100 units in the first quarter of 2008, down 24% from a year ago. Japan's Cabinet Office said that core machinery orders were down 8.3% in March, weaker than expected. The June yen finished up .0049 at .9562. In Canada, manufacturing sales totaled C$49.0 billion in March, down 1.6% on the month. Get briefed everyday...
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Top News ArticlesFriday, May 16
Thursday, May 15 Congress passes farm bill with veto-proof margin
Wednesday, May 14 Canadian dollar rallies on lofty oil prices
Tuesday, May 13 (South Africa's) March gold production slumps
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