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NEW YORK Authentic Darron Lee Jersey , May 29 (Xinhua) -- U.S. stocks extended losses in the morning session on Friday, as the second estimate of U.S. first- quarter gross domestic product (GDP) came out negative.
At midday, the Dow Jones Industrial Average dipped 88.15 points, or 0.49 percent, to 18,037.97. The S&P 500 lost 7.96 points Authentic Leonard Williams Jersey , or 0. 38 percent, to 2,112.83. The Nasdaq Composite Index was down 13.54 points, or 0.27 percent, to 5,084.43.
U.S. Commerce Department announced Friday that the second estimate of real GDP decreased at an annual rate of 0.7 percent in the first quarter of 2015 Authentic Joe Namath Jersey , in contrast to the first estimate of a 0.2 percent expansion.
The decrease in real GDP in the first quarter primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending that were partly offset by positive contributions from personal consumption expenditures, private inventory investment, and residential fixed investment, according to the Commerce Department.
"Demand collapsed in the first quarter. Not only was GDP down 0. 7 percent Jordan Jenkins Jersey , final sales fell 1.1 percent. The strong dollar and weak overseas demand have caused exports to drop two quarters in a row while imports continue to grow," said Chris Low, chief economist at FTN Financial, in a note.
Lack of resolution on Greece debt talks weighed on Wall Street sentiment as well. International Monetary Fund Chief Christine Lagarde told a German newspaper that a Greek exit is a possibility, and that it would "probably not" mean the end of the euro.
BEIJING, June 9 (Xinhua) -- China's consumer price index (CPI) Darron Lee Jersey , a main gauge of inflation, grew 1.2 percent year on year in May, the National Bureau of Statistics (NBS) said on Tuesday.
The reading fell from 1.5 percent posted in April.
On a monthly basis, consumer prices in May slipped 0.2 percent, unchanged from the 0.2-percent drop recorded in April.
Falling prices of vegetables, fruits and eggs due to seasonal factors were the main cause of the CPI decline last month Leonard Williams Jersey , NBS statistician Yu Qiumei said.
Consumer inflation last month suggests "significant deflation pressures", with an urgent need for more policy easing, said Qu Hongbin, chief economist for China at HSBC.
Falling price levels may be a bonus for consumers in the short term, but factories are likely to postpone their investment and people reduce spending on the prospect of continued price drops.
A combination of muted inflation and slowing economy has troubled the world's second largest economy as it tries to re-tool its economy for quality growth.
China's gross domestic product (GDP) grew 7.4 percent in 2014, the weakest annual expansion in 24 years. GDP growth in the first quarter of the year eased to 7 percent.
The central bank has cut the benchmark interest rates three times since November in a bid to spur the faltering economy by lowering financing costs for enterprises.
The reserve requirement ratio (RRR) Joe Namath Jersey , the amount of cash banks are required to hold as reserves, was cut by 100 basis points on April 20, the second cut this year and the biggest reduction since November 2008, the height of the global financial crisis.
China targets an annual economic growth rate of around 7 percent for the year and aims to keep inflation at around 3 percent.
Mold is easily the last thing anyone would want in their house. It’s not always easy to identify the presence of mold but there are signs you can lookout for. Mold can lead to myriad health problems including wheezing, nasal stuffiness, skin and throat irritations and so on. Educate yourself with these 6 signs Cheap Jets Hats , identified by Albuquerque mold removal experts, which suggest the presence of mold in your home:
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Mold problem is synonymous to moisture problem. Condensation is another reason for the commencement of mold growth. Identifying the source of condensation and taking measures to eliminate it is a sure-fire way to prevent or eliminate mold problems in your house. For instance, if mold is caused due to condensation on windows, simply keeping them open to let fresh air in can resolve the issue.
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