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Consumer Confidence

Oil Futures Follow Broader Markets to One-Week High

Oil futures rose to a one-week high Friday, as broader markets rallied on positive U.S. economic data.Light, sweet crude for June delivery settled 86 cents, or 0.9%, higher at $96.02 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 86 cents, or 0.8%, higher at $104.66 a barrel.Futures rose on the back of the stock market's rally, which was boosted by better-than-expected U.S. consumer data. The Standard & Poor's 500 Index was recently up 0.9% at 1,664.66."There's definitely a bit of macro optimism," said Julius Walker, global energy markets strategist at UBS in New York. "There's a lot of uncertainty on the economic outlook in the U.S. and in general...in the absence of that certainty oil prices get buffeted around every time one of these headlines come out."A preliminary reading of the Thomson-Reuters/University of Michigan consumer-sentiment index for May rose more than expected Friday. Meanwhile, the Conference Board's Leading Economic In...

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    National Australia Bank Ltd. (NAB.AU) the nation's fourth-largest bank by market value, said first-half profit jumped 23% as earnings from personal and wholesale ban...

  2. National Australia Bank Profit Surges

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  3. National Australia Bank Profit Surges, Sees Challenges Ahead

    National Australia Bank Ltd. (NAB.AU) said first-half profit jumped 23% as earnings from personal and wholesale banking improved, but warned of rough seas ahead for ...

  4. China exports set to underscore worries over U.S., Europe demand

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  5. ICSC/Goldman Sachs Chain Store Sales Down 1%

    The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index slipped 1% in the week ended Saturday from the week before on a season...

  6. ICSC/Goldman Sachs Chain Store Sales Down 1% in May 4 Week

    The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index slipped 1% in the week ended Saturday from the week before on a season...

  7. Worst May Be Over for Japanese Auto Makers in China

    After a sharp fall in sales in China, there are indications that the worst may be over for Japanese auto makers as the impact of a territorial dispute between the co...

  8. Westpac Pays Special Dividend, Profit Climbs

    Westpac Banking Corp. (WNC.AU) announced a special dividend to shareholders, saying cost reductions and its strategy of targeting high-growth banking services booste...

  9. Domestic automakers lead rise in April auto sales

    The three big U.S. automakers posted better-than-expected April sales as consumers snapped up pickup trucks and compact sport-utility vehicles, pushing the industry ...

  10. Small businesses cut borrowing for fourth month in a row

    Small U.S. businesses cut back on borrowing a fourth straight month in March, all but reversing a short-lived surge after the Federal Reserve launched its asset-buyi...

  11. U.S. Stocks End April at New Highs as Apple Fuels Tech Gains

    U.S. stocks overcame a morning slide to help the Standard & Poor's 500-stock index inch to a new record high, as Apple Inc. led a rally in technology stocks.The Dow ...

  12. FX Call 1915 GMT News Briefing

    Snapshot:The euro holds onto gains against the dollar after Moody's downgraded Slovenia sovereign debt into junk territory. Expectations are still high that the ECB ...

  1. Copper Rises on Brighter Economic Data, Supply Disruption

    Copper futures settled higher Friday on data pointing to economic improvement in Europe and the U.S. and as one of the world's largest copper mines remains shut afte...

  2. Gold on Path to Fresh Two-Year Low

    Gold extended its declines Friday, breaking below the closing price after the metal's record-setting April selloff and putting futures on track for a fresh 26-month ...

  3. Copper Climbs on Higher EU Auto Sales, Grasberg Disruption

    Copper prices rose after European auto sales surprised the market with their first increase in 20 months, and as one of the world's largest copper mines remains shut...

  4. Battered EU Car Market Shows Signs of Recovery

    New car registrations in the European Union rose by 1.7% in April from a year earlier, according to latest industry data released Friday, giving hope to Europe's bat...

  5. Treasury Moves to Buy Time Under Debt Ceiling

    The U.S. Treasury on Wednesday announced the first of a potential series of emergency cash measures to allow the government to keep paying the nation's bills once a ...

  6. April Appliance Shipments Rise 9.2% From Year Ago

    U.S. shipments of major home appliances from manufacturers grew 9.2% in April from a year earlier, as appliance demand continued to draw momentum from an improving h...

  7. Several retailers miss estimates as shoppers frugal

    A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...

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