U.S. import prices fall amid abrupt drop in fuel prices

Source: RTT News
© Scanpix/AFT
U.S. import prices declined for the first time in a four-month period in November mainly due to a notable 3.0% step down in fuel prices the same month, the Labor Department reported on Wednesday. The report shows prices of import fell 0.9% in the eleventh month, more than initial projections of a 0.4% decrease, after a modest 0.3% gain recorded in October.
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Wed, 12 Dec 2012 17:27:35 GMT

DAX

German stocks rallied to their highest level in five years on rising optimism the U.S. lawmakers in Washington will reach a budget deal and Fed will introduce measures to boost up the economic growth. The DAX index added 0.25%, or 18.50 points to 7,608.86, after earlier peaking at 7,612.62, highest level since January 2008. The index has gained 28% since

Wed, 12 Dec 2012 16:29:54 GMT

Japan machinery orders climb first time in 3 months

Core machinery orders in Japan rose for the first time in three-month period, though less-than-expected, climbing to a seasonally adjusted 2.6% in October to 704.4 billion yen, the Cabinet Office report showed on Wednesday. Year-on-year change of core machine orders recorded a 1.2% increase compared to projections of a 5.0% decline following a 7.8% contraction in September and a 6.1% drop in

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