US leading indicators fall for 5th straight month
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WASHINGTON (AFX) - The US economy is losing steam, the Conference Board said Thursday, reporting that the index of US leading economic indicators fell 0.3 percent in October, the fifth straight decrease.
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Crude oil futures plunged almost 5 percent in New York, the biggest decline in five months, after an Energy Department report showed that US inventories rose more than expected.
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US Treasury debt prices were lower for the fifth day in a row on Tuesday before the release of a widely followed report on the US service economy.
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A closely watched gauge of future US economic activity fell in September for the fourth straight month after a stronger pace earlier in the year, a private research firm said on Thursday.
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A leading index of the U.S. economy dipped in the latest week, and a continued lack of growth in the data shows no end in sight to the current slowdown, a report showed on Friday.
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Falling prices in September for plasma televisions and digital cameras sparked the biggest monthly decline in US consumer electronics prices in five months, according to an industry study prepared for Reuters.
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Japan's Nikkei average fell on Wednesday  for a fifth straight day, hitting a one-month closing low as  key exporters and techs such as Kyocera Corp. fell on renewed  caution about the country's economic outlook.
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Business & money: Index of leading UK shares falls to lowest level since credit crunch began last August
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Investors' confidence in the U.S. economy fell in September for a fourth straight month to its lowest level in 13 months on continued concerns about the housing market and elevated energy costs, a survey showed on Monday.
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Crude oil futures fell in New York, extending the biggest decline in five months yesterday, after a jump in US inventories eased concern about a winter shortage.
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In a sign of persistent weakness in the US economy, a widely watched measure of business activity declined in August for the third consecutive month.
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Wall Street stocks finished the trading session lower on Monday after a report said sales of existing homes in the US had dropped in July for a fifth consecutive month.
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The U S housing market continued to stumble in June, cooling the economy and contributing to the smallest increase in consumer prices in five months.
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A US economic barometer weakened for the fourth straight month in September as oil prices surged, showing a loss of momentum heading to 2005, the Conference Board said today.
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Futures on the U.S. S&P 500 stock market index extended their fall on Tuesday, trading 5.3 percent lower at 1,255.30 points at 3:30 a.m. EST.
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NEW YORK, October 21  - The US leading economic indicators declined for the fourth consecutive month in September this year indicating sluggish economic growth going into 2005.
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U.S. Treasury debt prices slipped on  Tuesday for the fifth day in a row as the market traded in a  narrow range before the monthly employment report due at the  end of the week.