Source: University of Michigan The Index of Consumer Sentiment was recorded at 70.6 in December, up 4.7% from the previous month but down 12.5% from the prior year. DJI is up +0.62%, EURUSD is down -0.09%. The rise in consumer confidence reflected projected gains in household income, with consumers expecting a further surge of 2.8% next year, up from 1.8% the previous … [Read more...] about US Consumer Confidence Improves in December With Rising Household Income
New Orders for Manufactured Goods Jumps by an Above-Estimate 2.5% in November
Source: Census Bureau US orders for manufactured goods beat expected 1.6% growth, after gaining by 2.5% or $6.5 billion in November to reach $268.3 billion. The orders rose 0.1% in October. SPY is up +0.60%, DXY is down -0.03%. Manufactured goods shipments rose 0.7% or $1.8 billion to reach $263.6 billion, a slower gain compared to 1.7% jump in October.Unfilled orders … [Read more...] about New Orders for Manufactured Goods Jumps by an Above-Estimate 2.5% in November
US Personal Incomes Surge 0.4% in November as Prices Also Point Higher
Source: Bureau of Economic Analysis Personal incomes in the US rose by 0.4% or $90.4 billion in November, accompanied by increased outlays of $106.3 billion in the month. SPY is up +0.24%, DXY is up +0.14%. Disposable personal income improved by $70.4 billion or 0.4%, with personal consumption expenditures up to $104.7 billion or 0.6%. Real DPI still shed 0.2%, while real … [Read more...] about US Personal Incomes Surge 0.4% in November as Prices Also Point Higher
China Isolates 13 Million in Xi’an City Months Before Winter Olympics
Source: FT China has isolated some 13 million people in Xi’an city as part of the rigorous restrictions since early 2020, as the country prepares for the hosting of the 2022 Winter Olympics. MCHI is up 0.27% premarket. Under the order, residents of Xi’an are required to stay at home, and only one person per household is allowed to collect supplies every other … [Read more...] about China Isolates 13 Million in Xi’an City Months Before Winter Olympics
UK Commercial Vehicle Production Slips 7.8% in November
Source: SMMT Commercial vehicle production in the United Kingdom declined in November to mark the weakest November performance in four years. EWU is up 0.34% premarket. Commercial vehicle production fell to 7,940 units in November, down by 7.8% from the 8,609 units the same month last year. The latest figure is the weakest performance for the month of November since … [Read more...] about UK Commercial Vehicle Production Slips 7.8% in November
