Industrial production in the U.S. was little changed in February, restrained by a slowdown in manufacturing and a decline in natural gas extraction.
The output last month at factories, mines and utilities compared with a median projection for a 0.4 percent gain in a Bloomberg News survey of economists. Production in January was revised to a 0.4 percent increase, initially reported as no change, data from the Federal Reserve showed today in Washington. Manufacturing (IPMGCHNG), which makes up about 75 percent of total output, rose at the slowest pace in three months.
US index at peak, European stocks extend gains on Greece, Fed
European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Re
Funds ‘increasingly bullish on Saudi equities’
Middle East funds are increasingly positive toward Saudi Arabia’s stock market as oil prices appear to be stabilising and the kingdom is preparing to open its bourse to direct foreign investment, a R
Tadawul trading volume remains low
Most major Gulf stock markets slipped despite stronger oil prices, as low trading volumes indicated retail investors remained cautious.
Brent crude surged 5 percent on Wednesday. That was po