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Saturday Papers: Wall Street eases back after mixed economic data -- other news

by Phil Cozens on Aug 29, 2009 at 09:43

 * Dow loses 36 points, S&P eases two points and Nasdaq hardens two points

 * Reuters/University of Michigan end-August sentiment 65.7 vs July 66.0; 12-months inflation forecast up 2.8% vs July up 2.9%

 * US spending revised to up 0.6% from up 0.4%, up for third straight month in July

 * UK second-quarter GDP revised up, but record annual fall stands

 * Deflation stalks Japan as jobless figure hits peak

 * The number of houses sold for more than £1 million in London soared in August as buyer confidence returned on the back of a fifth successive month of rising prices, according to Knight Frank

 * Land Registry says that prices in England and Wales rose by 1.7% in July, the biggest monthly leap for five years

 * Data uncovered by the FT reveal that levels of sick leave in the UK have been falling over the past decade with the steepest decline coming in the past year

 * Intel forecast backs hopes of PC revival

 * Apple to launch iPhone in China

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