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Morning briefing: Global food prices jump to highest in two years

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(Photo credit: Getty Images)

1. The United Nations announced global food prices had risen to the highest in two years. Wheat jumped in Chicago after the U.N. cut crop outlook for the second time since the Russian drought and as rain reduced the quality of the harvest in Germany.

2. There was a sharp slowdown in U.K. manufacturing in August, as output, new orders and employment grew at a slower rate.

3. Asian automakers saw robust sales in August.

4. Chinese manufacturing and auto sales rebounded in August.

5. China imposed anti-subsidy duties on imports of U.S. chicken products.


By Ariana Eunjung Cha  |  September 1, 2010; 8:55 AM ET
Categories:  *Morning briefing  
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