Stock Market Today

MUMBAI -(Dow Jones)- India’s broad M3 measure of money supply grew 16.4% froma year earlier inside the two weeks ended Sept. 9, a slower pace compared with again of 16.7% two weeks earlier, according to central bank data releasedWednesday.

M3, which comprises currency in circulation, bank deposits and other depositswith the Reserve Bank of India, was INR68.58 trillion on Sept. 9, according tothe RBI.

-By Nupur Acharya; Dow Jones Newswires; +91-22-61456117; nupur.acharya@dowjones.com

 (Finish) Dow Jones Newswires 09-21-110613ET Copyright (c) 2011 Dow Jones & Company, Inc.

MUMBAI -(Dow Jones)- India’s broad M3 measure of money supply grew 16.4% froma year earlier inside the two weeks ended Sept. 9, a slower pace compared with again of 16.7% two weeks earlier, according to central bank data releasedWednesday.

M3, which comprises currency in circulation, bank deposits and other depositswith the Reserve Bank of India, was INR68.58 trillion on Sept. 9, according tothe RBI.

-By Nupur Acharya; Dow Jones Newswires; +91-22-61456117; nupur.acharya@dowjones.com

 (Finish) Dow Jones Newswires 09-21-110613ET Copyright (c) 2011 Dow Jones & Company, Inc.

LONDON -(Dow Jones)- Wage growth picked up in developed economies during thesecond quarter, with pay rising more rapidly within the U.S. than inside the euro zone,the Organization for Economic Cooperation and Development stated Wednesday.

According to the Paris-based think tank, pay rose more rapidly than workers’productivity, leading to a rise in unit labor costs–which might be a source ofinflationary pressure.

The OECD said that across its 34 members, pay rose by 1.2% in the firstquarter, while productivity increased by just 0.5%, leading to a rise in unitlabor costs of 0.6%.

The OECD measures pay as labor compensation per unit of labor input, and saidit rose by 1.0% in the U.S. and 0.6% in the euro zone. But because laborproductivity fell by 0.2% in the euro zone and rose by 0.2% in the U.S., therise in unit labor costs was 0.8% in both economies.

-Paul Hannon, Dow Jones Newswires; +44 (0) 20 7842 9491; paul.hannon@dowjones.com

 (Finish) Dow Jones Newswires 09-21-110614ET Copyright (do) 2011 Dow Jones & Company, Inc.

LONDON -(Dow Jones)- Wage growth picked up in developed economies during thesecond quarter, with pay rising more rapidly within the U.S. than inside the euro zone,the Organization for Economic Cooperation and Development stated Wednesday.

According to the Paris-based think tank, pay rose more rapidly than workers’productivity, leading to a rise in unit labor costs–which might be a source ofinflationary pressure.

The OECD said that across its 34 members, pay rose by 1.2% in the firstquarter, while productivity increased by just 0.5%, leading to a rise in unitlabor costs of 0.6%.

The OECD measures pay as labor compensation per unit of labor input, and saidit rose by 1.0% in the U.S. and 0.6% in the euro zone. But because laborproductivity fell by 0.2% in the euro zone and rose by 0.2% in the U.S., therise in unit labor costs was 0.8% in both economies.

-Paul Hannon, Dow Jones Newswires; +44 (0) 20 7842 9491; paul.hannon@dowjones.com

 (Finish) Dow Jones Newswires 09-21-110614ET Copyright (do) 2011 Dow Jones & Company, Inc.

LONDON — Wage growth picked up in developed economies during the secondquarter, with pay rising more rapidly within the U.S. than within the euro zone, theOrganization for Financial Cooperation and Development stated Wednesday.

According to the Paris-based think tank, pay rose more rapidly than workers’productivity, leading to a rise in unit labor costs–which can be a source ofinflationary pressure.

The OECD said that across its 34 members, pay rose by 1.2% in the firstquarter, while productivity increased by just 0.5%, leading to a rise in unitlabor costs of 0.6%.

The OECD measures pay as labor compensation per unit of labor input, and saidit rose by 1.0% within the U.S. and 0.6% inside the euro zone. But because laborproductivity fell by 0.2% within the euro zone and rose by 0.2% within the U.S., therise in unit labor costs was 0.8% in both economies.

-Paul Hannon, Dow Jones Newswires; +44 (0) 20 7842 9491; paul.hannon@dowjones.com

 (End) Dow Jones Newswires 09-21-110625ET Copyright (c) 2011 Dow Jones & Company, Inc.