U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
Friday’s slide snapped a three-day string of higher closes, but for the week oil prices still managed a 3.17 percent [...]
Posts Tagged ‘us retail sales’
Oil ends down after U.S., China data disappoint
June 12th, 2010 by Financial Writer
Tags: Chinese economy, commerce department, euro zone, investors, oil prices, stock market, us consumer, us retail sales
more...Gold firms as risk-averse buyers exploit dip
June 11th, 2010 by Financial Writer
Gold rose above $1,220 an ounce in Europe on Friday as buyers took advantage of the previous session’s price retreat to buy into the market, with concerns over the economic recovery firmly underpinning prices.
Spot gold was bid at $1,223.55 an ounce at 1434 GMT, against $1,215.80 late in New York on Thursday. U.S. gold futures [...]
Tags: consumers, european economy, money, precious metal, stock market, us consumer, us retail sales, us stocks, wall street
Consumers spent at 2009 levels in January
February 18th, 2010 by Financial Writer
American consumers say they reduced their spending in January to levels similar to early 2009, when the U.S. economy was still in recession, according to a Gallup poll released on Thursday.
The findings, which contradict U.S. data suggesting spending strength in January, showed consumers in all income brackets and geographic regions spending less in January vs. [...]
Tags: consumers, financial markets, great depression, us economy, us retail sales
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