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

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 89.75 1,429,420
SAGRINSURANCE 30.6 171,571
ALMARAI 80 64,362
EEC 31.7 161,564
RIBL 12.45 42,806
STC 67.25 161,313
Recent News

Bahrain tops Arab world in developing ICT sector
Bahrain has been awarded the top rank in the Arab world for information and communications technology (ICT) development by the International Telecommunications Union (ITU).

The kingdom ra

Opportunities focus of Zain conference
Demand for mobility, broadband, virtualisation, cloud-based services and enhanced customer experience are drivers for transformation in information and communications technology, experts have said.<

BisB shares offer fully subscribed
A rights offer of shares by Bahrain Islamic Bank (BisB) that ended on Sunday was fully subscribed, the bank has announced.

Under a capital increase plan, the bank offered 170,940,171 ordin

GIB’s ratings affirmed by Moody’s and Fitch
International credit rating agencies Moody’s and Fitch have affirmed Bahrain-based Gulf International Bank’s (GIB) credit ratings.

Fitch affirmed GIB’s long-term credit rating at ‘A’ wi

Gender equality ‘could add $13trn to global economy’
Gender equality could add $13 trillion to the global economy, according to Deutsche Bank Group global head of diversity and inclusion Guelabatin Sun.

She said that studies have shown that

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


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