Source: IHS Markit UK Manufacturing PMI was at 58.1 in November, up from 57.8 recorded in October and a three-month high. FTSE 100 is up +1.31%, GBPUSD is up +0.13%. The increase in manufacturing activity was met by input price increases, which hit the highest level in the survey history of 30 years.Companies posted increased intakes of new work, especially … [Read more...] about UK Manufacturing Hits a 3-Month High in November Amid Record Input Prices
Turkish Stocks Soared the Most Globally in This Quarter
Source: Bloomberg Turkish stocks increased again as the lira’s decline caused local investors to seek ways to protect their savings and make equities cheap to ignore for foreign investors. BIST 100 up +2.45% The benchmark Borsa Instanbul 100 Index increased 32% in local currency terms this quarter. Meanwhile, it’s the worst performance, lower 12%.The measure improved … [Read more...] about Turkish Stocks Soared the Most Globally in This Quarter
UK House Prices Fall Back to Double Digit Growth–Nationwide
Source: Nationwide UK house prices edge down to double-digit percentage growth after a short-term pause at the end of the stamp duty holiday in September. FTSE 100 up 1.38%, GBP USD up +0.22% House Price Index posted price growth of 10% in November, reaching higher than 9.9% posted in October.The average price of a UK house is now at £252,687, nearly 15% than pre-pandemic … [Read more...] about UK House Prices Fall Back to Double Digit Growth–Nationwide
US Home Prices Eases to a 19.5% Gain in September
Source: S&P Dow Jones Indices The US home price index that covers its nine census divisions rose by 19.5% in September from the prior year, down from a 19.8% increase in August. SPY is down -0.50%, DXY is down -0.57%. The 10-City Composite home prices increased by 17.8% from the last year, a decline from the 18.6% gain in August. The 20-City Composite prices … [Read more...] about US Home Prices Eases to a 19.5% Gain in September
US Consumer Sentiment Fell in November
Source: The Conference Board The Conference Board’s Consumer Confidence Index decreased in November to 109.5 in November from 111.6 in October. DXY down -0.63%, EUR USD up +0.78% The Present Situation Index, which evaluates the current business and labor market conditions, dropped to 142.5 from 145.5 last month.The Expectations Index, which examines consumers’ short-term … [Read more...] about US Consumer Sentiment Fell in November
