Industrial production in the U.S. increased more than forecasted

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Source: Bloomberg
Production of utilities, mines and factory's in the U.S. surpassed expected growth and increased by 1.1% in April. Manufacturing, which accounts for three quarters of the total U.S. production, rose by 0.6%. Utility output increased by 4.5%, which is the most in in last two years. Mining capacities increased by 1.6% after 1.7% decline in March. Motor vehicle production step-up by 3.9% following 1.2% increase a month earlier. 
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Wed, 16 May 2012 18:40:27 GMT

Bank of England predicts "storm" for UK economy

Bank of England decreased growth expectations for UK economy for upcoming two years and expects 0.8% and 2% expansion for 2012 and 2013 respectfully. Inflation rate is expected to be 2.5% for this year 2% target should be achieved only in the middle of 2013. Such adjustments were made due to 0.2% retraction of UK economy in the first three months of

Wed, 16 May 2012 16:08:27 GMT

Corn rallied as dry weather in the US may harm crops

Rural commodities rallied on Tuesday despite broadly stronger US Dollar. Deteriorating weather conditions in the US provided fresh stimulus for the commodity pack.Wheat continued to appreciate as dry weather in Kansas may harm crops. However, US spring crops are harvested ahead schedule thus limiting the upward move of the commodity.Corn was the top-performer despite expected record crops in the US

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