Source: The Conference Board Consumer confidence rebounded in October after three straight months of decline amid the easing of cases brought about by the COVID-19 delta variant. The Conference Board Consumer Confidence Index jumped to 113.8 in October from 109.8 in September.The Present Situation Index climbed to 147.4 from 144.3, while the Expectations Index grew to … [Read more...] about Consumer Confidence Rebounds as Delta Concerns Ease
US Home Sales Hit Six-Month High in September
Source: US Census Bureau Sales of new privately-owned houses hit a six-month high in September, as the prices remained, even as prices were slightly up for the period. XHB is flat, while HOMZ is down 0.38%. Sales of new single-family houses stood at a seasonally adjusted annual rate of 800,000, up from 702,000 in August but lower than 971,000 last year.The latest reading … [Read more...] about US Home Sales Hit Six-Month High in September
Germany Slashes 2021 Economic Growth Outlook, Hikes 2022 Forecast
Source: Reuters Germany has downgraded its economic growth outlook for the year amid the ongoing global supply issues, but the country remains more optimistic for the coming year. EWG is up 0.92%. Sources close to the matter said the government slashed its 2021 economic forecast to 2.6%, down from the 3.5% prediction it announced in April.It upgraded its 2022 outlook to … [Read more...] about Germany Slashes 2021 Economic Growth Outlook, Hikes 2022 Forecast
UK Retail Sales Accelerate Even as Stocks Plunge to Record-Low
Source: CBI Retail sales in the United Kingdom accelerated in October, even as stocks reached a record low. EWU is up 0.62% premarket. Retail sales grew at a balance of +33%, faster than the +11% recorded in August. November sales are expected at +35%.Year-to-date orders growth jumped to +48% from +20% the previous month but expected to ease slightly to +41% in … [Read more...] about UK Retail Sales Accelerate Even as Stocks Plunge to Record-Low
Japanese Producer Price Growth Hits 13-Year High
Source: Bank of Japan Japanese producer prices grew for the seventh straight month to reach a 13-year high in August, as commodity prices continued to surge. EWJ is up 0.72% premarket. Producer prices climbed by 6.3%, following the 5.8% in both June and July. The latest reading is the highest since September 2008.Costs of chemicals, petroleum and coal products, iron and … [Read more...] about Japanese Producer Price Growth Hits 13-Year High
