U.S. stocks lower before consumer data

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Source: WBP Online
U.S. equity benchmarks opened lower today as investors look forward to seeing a report on consumer confidence. Several company earnings data will also be published, including Tyco and Weyehaeusern. The Standard & Poor's 500 gauge fell 0.35% to 1,684.21 at 9:31 a.m. EDT. The Nasdaq Composite lost 0.51% to 3,586.94. The sentiment index is projected to climb from 83.9 to 84.0 this month.
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Fri, 26 Jul 2013 15:32:06 GMT

U.S. consumer confidence index reaches a 6-year high

U.S. Consumer sentiment gauge advanced in July to the highest level since 2007 as economic conditions have improved. The gauge increased form 84.1 in June to 85.1 in July, beating estimate of 84. Survey showed that Americans expect slower growth next year. Low income earners were more positive about future economic prospects than more affluent households.

Fri, 26 Jul 2013 13:53:15 GMT

Indian Rupee climbs as RBI contracts monetary base

Indian Rupee rises and finishes third weekly advance as the Reserve Bank of India contracted the cash supply to arrest a decline in the currency. The bank set higher interest rates and lender's cash-ration requirement from 70% to 99%. The currency appreciated 0.5% this week, while it added 0.1% to 58.7025 per U.S. Dollar today.

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