US industrial production drops 0.4% in May

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Source: Investing.com
Industrial production decreased the seasonally adjusted 0.4% in May from the prior month's downward-revised 0.6% increase, whereas analysts predicted the 0.1% fall. Meanwhile, capacity utilisation dropped to 74.9% on a seasonally adjusted basis, missing the 75.2% market forecast and April's downward revised figure of 75.3%.


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Wed, 15 Jun 2016 13:51:51 GMT

US equity markets rebound on Wednesday

US stock markets opened Wednesday's trading session with gains, ahead of the FOMC meeting due later today. The Standard & Poor's 500 Index added 0.20%, opening at 2,080.02, whereas the Dow Jones Industrial Average Index gained 0.23% to open at 17,716.20, and the Nasdaq Composite Index grew 0.25% to start at 4,855.81 points.

Wed, 15 Jun 2016 13:07:40 GMT

US PPI grows more-than-expected in May

In May, seasonally-adjusted consumer prices grew 0.4% from the previous month's 0.2%, whereas analysts anticipated an increase to 0.3%, the US Department of Labour said on Wednesday. On an annual basis, the US PPI dropped 0.1% on a non-seasonally adjusted basis, in line with analysts' estimates but lower than April's 0.0% reading.

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