Source: Office for National Statistics Retail sales volumes in the United Kingdom continued to decline in September, following the fall in the performance of non-food stores and automotive fuel sales. EWU is up 0.18% premarket. Retail sales in the UK fell by 0.2% in September, following the 0.6% decline the previous month. Volumes remained 4.2% up from pre-COVID-19 … [Read more...] about UK Retail Volumes Continue to Slip in September
Analysts Foresee a Flexible Easing of Stimulus by ECB to Offer Stress Relief to Markets
Source: Bloomberg Most economists expect the European Central Bank to raise the pace of regular bond-buying next year before the program ends in March to address eventual market stress. ECB is also expected to maintain flexibility in the pace of pandemic purchases. DAX is up +0.84%, EURUSD is up +0.07%. The economists expect the ECB to start phasing out the bond … [Read more...] about Analysts Foresee a Flexible Easing of Stimulus by ECB to Offer Stress Relief to Markets
EU, Euro Area Consumer Confidence Slips in October
Source: European Commission Consumer confidence in both the Euro area and the European Union slipped in October but remained close to their levels seen prior to the COVID-19 pandemic. VGK is down 0.09%. The Euro area consumer confidence indicator slipped 0.8 points to -4.8 points, while the EU indicator fell 0.9 points to -6.1 points.The latest reading for the Euro area … [Read more...] about EU, Euro Area Consumer Confidence Slips in October
US Home Sales Jump to Eight-Month High as Supply Improves
Source: National Association of Realtors Existing-home sales in the United Sales climbed to an eight-month high in September, following the continued drop in sales prices. XHB is down 0.52%. Total existing-home sales jumped 7.0% from August to a seasonally adjusted annual rate of 6.29 million, the highest since January’s 6.660 million.The latest reading compares with the … [Read more...] about US Home Sales Jump to Eight-Month High as Supply Improves
Manufacturing Growth Slows in October
Source: Philadelphia Fed Manufacturing continued to expand in October, albeit at a slower pace, as more firms reported increases in general activity during the month. The diffusion index for current general activity slipped 7 points to 23.8 in October, from 30.7 the previous month.Over 40% of the firms said they experienced higher general activity for the month, while 17% … [Read more...] about Manufacturing Growth Slows in October
