Australian Unemployment Surges to 5.7%
Unemployment in Australia rose to 5.7 percent from 5.2 percent in March increasing total unemployment by 92,900 to 650,900. This matches the highest level of unemployment in Australia since 2003. More
Oil Prices Jump on Earnings News
A gain of over 200 points in the Dow and positive earnings news from several large firms including a record quarter profit result from Wells Fargo, has helped boost oil price to nearly $51 a barrel in New York today. May delivery contracts jumped $1.49 to close at $50.87 just ahead of the long weekend. More
Analysts Points to Dollar Rally
Analysts at Citigroup Capital Markets said today that the dollar could be headed for a “sharp rally” based on new information that the US trade deficit in February narrowed to the lowest level in nine years. More
US Sales Declining at Slower Pace
Sales continued to fall in March to the tune of 2.1 percent but this is less than expected and much less than 4.2 percent drop experienced in the fourth quarter of 2008. More
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