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
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 24.71 572,351
BKMB 0.44 529,503
QNBK 151 54,950
RIBL 11.24 18,932,861
GFH 0.51 4,000
SABIC 95.39 5,476,743
ZAIN.TASI 8.47 12,630,130
Recent News

Oman's share index rises on strong buying
n the back of strong buying in Bank Sohar and Ooredoo, the MSM30 Index gained 0.68 per cent to close at 5,654.74 points. The MSM Sharia Index finished at 850.72 points, down 0.20 per cent. Bank Sohar

Bank Muscat wins JP Morgan elite award for error-free fund remittance
Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious award from JP Morgan Bank in recognition of its operational excellence in the field of dollar payments pr

New AAOIFI guidance on gold emphasises real deal
Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold tra

Ooredoo eyeing acquisition of ICT company
Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti and Sheikh Abdulla bin Mohammed bin Saud Al Thani, Chairman of Ooredoo yesterday inaugurated the new server floor at Ooredoo’s

Qatar to spend QR46bn ($13bn) on mega projects in 2017
Qatar will invest up to $13 billion in major infrastructure projects next year, the finance minister said on Tuesday.

Minister of Finance H E Ali Shareef Al Emadi predicted growth of 3.4 p

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?