German Factory Output Rises 3.7%
Industrial output in Germany rose by 3.7 percent in May compared to April, taking analysts by surprise as they had predicted a much more modest increase of just 0.5 percent. More
Oil Sheds 3% on Growing Economic Fears
Oil dropped to under $61 by 2:00 PM in New York today, falling to $60.87 a barrel after US stocks in gasoline and diesel continue to rise on weaker demand. More
Yen Gains on US Dollar
The yen climbed to its strongest position against the dollar since mid-February today, trading at 92.61 at 1:21 p.m. in New York, compared with 94.89 yesterday. More
US Stocks Fall to 3-Month Low
The S&P 500 index fell to 875.73 at 1:45 in New York today – its lowest level since April and completing a “head-and-shoulders” chart pattern that suggests the market could continue to fall.
