US industrial production tumbled in August

Source: BBC
US industrial output contracted the most in three years in August amid oil production cuts and slowing factory production. National industrial production slumped 1.2% last month while factory output slid 0.7%, indicating retailers' reluctance to purchase inventories during global economic uncertainty. Meanwhile, retail sales climbed for the second consecutive month on increasing spending on fuel. However, experts claim that positive retail sales data were a result of accelerated inflation last month.
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Mon, 17 Sep 2012 07:41:03 GMT

Aussie falls from near 6-month high

The Australian Dollar fell from near six-months high on concern European officials struggle to find agreement to solve the debt crisis, thus curtailing demand for riskier assets. The Aussie Dollar declined against most of 16 major peers before Spanish Prime Minister Mariano Rajoy meets Italian Prime Minister Mario Monti in Rome. The Aussie Lost 0.2% to $1.0533 from $1.0551 on

Fri, 14 Sep 2012 19:20:53 GMT

U.S. consumer sentiment soared in September

U.S. consumer sentiment surprisingly rose in early September, reaching four-month peak, as Americans were more optimistic about nation's economic and job prospects, the University of Michigan said on Friday. September consumer sentiment index jumped to 79.2, up from 74.3 in the prior month.

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