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
SAGRINSURANCE 23.83 305,927
SABIC 87.55 6,693,487
ALKHODARI 21.91 3,013,825
RIBL 13.79 962,095
TAWUNIYA 93.96 100,052
EEC 30 4,077,164
STC 67.16 864,543
Recent News

GCC insurance industry set to grow in double digits
The insurance industry in the GCC is expected to grow in double digits between now and 2020, despite a potential slowdown in economic growth resulting from sustained decline oil prices, according to

DMCC ranked the best free zone in the world
DMCC (Dubai Multi Commodities Centre), the authority on trade, enterprise and commodities in Dubai, has been named “Global Free Zone of the Year” 2015 by The Financial Times fDi Magazine.

Insurance Authority to launch new regulations by 2016
The UAE Insurance Authority said on Tuesday it would launch a new set of regulations around insurance policies to govern the banking sector by 2016, with the Authority currently working with the coun

Gold prices fall, pressured by profit taking
Retail gold rates in Dubai inched lower on Tuesday as investors are trying to secure gains from the recent price rally.

The precious metal dropped to Dh139 per gram for 24 carat, Dh132 for

eDirham 9-month revenues up 15% at Dh6b
The total automatically collected amounts of revenues by the Federal Government via the eDirham system in the first nine months of 2015 was more than Dh6 billion, up 15 per cent from Dh5.1 billion in

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?