AP - The euro traded slightly higher against the U.S. dollar Friday after data showed a drop in U.S. industrial production and unexpectedly strong first-quarter economic growth in Germany. -- read full article
Reuters - Stocks rose on Wednesday in light
trading after a modest rise in consumer prices in April cooled
inflation fears while Macy's Inc and Freddie Mac
posted reassuring quarterly results.
AFP - Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.
Reuters - Bond fund leader Pimco's Mohamed
El-Erian on Wednesday said the Federal Reserve's monetary
policy may not help the economy to escape a severe recession
caused by falling home values and rapidly rising consumer
prices. -- read full article
Reuters - U.S. consumer prices were tamer than
expected in April on a lower energy price reading, giving the
inflation-wary Federal Reserve a little breathing space as it
seeks to fortify an anemic economy.
AP - Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming months.
AP - Oil climbed toward the $125-a-barrel mark Thursday after the U.S. government issued a mixed report on the country's petroleum reserves and the U.S. greenback weakened against other key currencies.
