Source: The Conference Board Consumer confidence picked up in March after two straight months of declines, in line with the growth in employment during the month. QQQ is up 0.88%. The Consumer Confidence Index grew to 107.2 in March, up from 105.7 in February, attributed to the improvement in employment.Business conditions improved as consumers assessing “good” business … [Read more...] about Consumer Confidence Gains Steam in March
Forex News
US National House Price Index Jumps by 19.2% In January
Source: S&P Dow Jones Indices US house prices increased by an annual 19.2% in January, accelerating from a gain of 18.9% the previous month. SPY is up +0.87%, DXY is down -0.97%. The 10-City Composite annual rise in house prices was posted at 17.5% in January, compared to 17.1% the previous month. The 20-City Composite rose by 19.1%, compared to the previous 18.6% … [Read more...] about US National House Price Index Jumps by 19.2% In January
UK Mortgage Debt Net Borrowing Slips to £4.7 Billion
Source: Bank of England Net mortgage lending slipped below £5.0 billion in February but remained above the average recorded in the 12 months before the COVID-19 pandemic. EWU is up 0.86% premarket. Net borrowing of mortgage debt stood at £4.7 billion in February, down from £5.9 billion recorded in the previous month.The latest reading compares with the £4.3-billion … [Read more...] about UK Mortgage Debt Net Borrowing Slips to £4.7 Billion
Texas Factory Output Contracts in March
Source: Federal Reserve Bank of Dallas Factory activity in Texas contracted in March, as major index components saw a decline during the month. QQQ is up 0.10%. The production indicator stood at 13.2 in March, down by 1.3 points from 14.5 in February but higher than the 10.9 series average.New orders fell by 12.6 points to 10.5 from 23.1 in February, marking its lowest … [Read more...] about Texas Factory Output Contracts in March
US Trade Gap Narrows to $106.6 Billion in February
Source: US Census Bureau The United States’ trade gap narrowed in February, as exports grew at a faster pace than imports during the month. QQQ is up 0.63%. The international trade deficit stood at $106.6 billion, $1.0. billion or 0.9% lower than the $107.6-billion deficit recorded in the previous month.Exports climbed by $1.9 billion to $157.2 billion, while imports … [Read more...] about US Trade Gap Narrows to $106.6 Billion in February
