Global Macro Perspectives
(For The Week Ending September 3, 2010) ECRI Weekly Leading Index for week ending September 3, 2010 was reported down 10.1%. Prior (revised down -0.1) reading was at -10.2%. Still in the recession territory. Chart 1. ECRI Weekly Leading Index
(For The Week Ending September 3, 2010) Crude oil stocks fell 1.9 million barrels for the week ending September 3, 2010; Gasoline stocks decreased 0.2 million barrels; Distillate stocks fell 0.4 million barrels; Propane/propylene stocks rose 1.6 million barrels; Other oils stocks were up 1.5 million barrels; Total crude oil and petroleum stocks were 0.2 […]
(For August 2010) China trade balance was reported at USD 20.0 billion vs. USD 28.7 billion in July. Export and import growth were running at 34.4 and 35.2 percent. The accumulated surplus is now at USD 104.5 billion vs. USD 123.7 billion for the same last year and full year 2009 USD 196 billion. Numbers are quite disappointing, […]
(For August 2010) Housing and commercial real-estate prices in China rose 9.3% in August compared with 10.3% reading in July and 10.0% consensus. Chart 1. China NDRC Property Price Index – House Price YoY
(For The Week Ending September 3, 2010) Working gas in storage rose 58 Bcf from previous week. Consensus was at 57 Bcf. My stance is unchanged from previous week: “Stockpiling will be higher in the following weeks (because of mild temperatures) so the overall supply/demand balance for the coming months will be better then last year, but […]