U.S. Michigan Consumer Sentiment Decreased to 75.7 in Apr


14/04/2012 09:26 AST

Confidence among U.S. consumers cooled in April from a one-year high, a sign the moderation in job growth may limit the biggest part of the economy.

The Thomson Reuters/University of Michigan’s preliminary index of sentiment dropped to 75.7 from 76.2 last month. The measure was projected to be unchanged, according to a median forecast in a Bloomberg News survey of economists.

Tempered optimism follows the slowest month of job growth since October and a drop in weekly earnings that may restrain household purchases that account for about 70 percent of the economy. Another report showed consumer prices advanced at a slower pace in March, giving Federal Reserve policy makers room to maintain low borrowing costs.

For more on this Click Here

Bloomberg
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 152 277,896
SABIC 97.29 2,079,752
MMG 12.55
RJHI 64.82 2,142,800
EEC 21.95 778,245
RIBL 10.81 453,023
DU 6 157,134
Recent News

Kuwait Wealth Fund Head Al Saad Said to Step Down After 14 Years
Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world’s fifth-largest sovereign wealth fund for 14 years, a person familiar with th

CBB Sukuk Al-Salam securities subscribed
The Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100 per cent, according to an announcement by the Central Bank of Bahrain (CBB).

Subscriptions worth BD 43 mil

Oil Prices Rise Despite Higher U.S. Rig Count
Oil prices edged higher on Monday despite lingering concerns regarding U.S. supply that have kept prices within a narrow trading range despite major producers continuing to curb global supply.
<

Russia Overtakes Saudi Arabia as World's Largest Crude Producer
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glu

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position
Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman recruited for a top finance-industry position in recent days as the country undertakes unp

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?