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


14/04/2012 09:26 AST  Bloomberg

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
SAGRINSURANCE 32.29 1,000,214
ALKHODARI 31.95 3,554,035
SPIMACO 49.37 1,582,871
RIBL 17.97 2,293,414
ACIG 38.79 1,135,165
SABIC 102.48 9,782,193
ALMARAI 91.3 109,029
Recent News

Gulf producers are seen resisting production cuts at Opec meeting
Gulf oil producers, led by Saudi Arabia, will resist attempts to cut output at an Opec meeting next month as preserving market share remains their top priority, industry analysts said.

A de

Every $1bn Mena infrastructure spend can create 26,000 GCC jobs
Every $1bn invested in the Mena region on infrastructure could create some 26,000 jobs in the GCC (Gulf Cooperation Council) countries, a top executive has said.

Speaking at the World Econo

Gulf markets track crude fall; Arabtec drags Dubai
Most Gulf stock markets slipped yesterday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax.

Brent oil fell $1.17, or 1.8%,

Top 10 Qatar bourse performers set to be unveiled next month
In the first of its kind in the country, the 10 best performers in the Qatar Stock Exchange (QSE) will be announced next month; a move that ought to enhance the transparency in Qatar’s capital market

Oman’s government revenue dips 24 per cent to OMR2.4 billion in Q1
Oman's government revenues fell in the first quarter of 2015 by 23.9 per cent to OMR2,447.3 million from OMR3,214.4 million for the same period last year, predominantly due to the decline in oil reve

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

Poll

Which of the following do you think is the best long-term investment?