U.S. import prices rose 0.7% in August

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Source: Marketwatch
U.S. import prices jumped for a first time in five months in August, as fuel prices rose. The U.S. Bureau of Labor Statistics said on Wednesday, the prices paid for U.S. import rose by a seasonally adjusted 0.7% in August, compared to expectations for a 1.4% increase.  The cost of petroleum imports jumped 4.1%, pushing overall import prices higher.
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Wed, 12 Sep 2012 15:31:48 GMT

Gold futures soared to a six-month high

Gold futures soared on Wednesday, reaching six-month high, as German Federal Constitutional Court cleared the way for Eurozone rescue fund. Bullion for December settlement jumped 0.38% to $1741.40 per ounce. Elsewhere on the Comex, silver and palladium for December settlement added 0.46% and 0.70%, respectively. At the same time, October copper erased 0.39%.

Wed, 12 Sep 2012 15:00:48 GMT

U.S. stocks edged higher after German vote

U.S. stocks edged higher on Wednesday, after a German court said it would not block ratification of the Eurozone's rescue fund. The Dow Jones Industrial Average rose 0.3%, to 13,328; the Standard & Poor 500 Index gained 0.3%, to 1,435.10, while Nasdaq-100 futures jumped 0.4%, to 2,791.25.  

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