Source: Eurostat The eurozone and the European Union economies continued to expand in the fourth quarter of 2021, albeit at a slower pace than the previous quarter. EZU is down 1.14%, while VGK is up 0.03% premarket. The euro area’s fourth-quarter seasonally adjusted GDP grew by 0.3% from the previous quarter. This is slower than the 2.3% growth in the third … [Read more...] about Eurozone, EU Economic Growth Cool in Fourth Quarter of 2021
Forex News
US Consumer Sentiment Falls by 4.8% in Jan. to the Lowest in More Than 10 Years
Source: University of Michigan The US posted an Index of Consumer Sentiment of 67.2 in January, the lowest since November 2011 and was 4.8% below the previous month. SPY is up +0.12%, DXY is up +0.02%. On a year-over-year basis, the consumer sentiment declined by 14.9%, with the fall connected largely to the Omicron and Delta variant concerns.The index of current economic … [Read more...] about US Consumer Sentiment Falls by 4.8% in Jan. to the Lowest in More Than 10 Years
Personal Income Expands for Third Consecutive Month
Source: Bureau of Economic Analysis Personal income increased for the third straight month in December, albeit at a slower pace, as proprietors’ income slipped during the period. Personal income increased by $70.7 billion or 0.3% in December. This compares with the 0.5% growth in November and marks the third straight month of expansion.Growth is attributed to higher … [Read more...] about Personal Income Expands for Third Consecutive Month
France’s Growth in 2021 the Highest in 5 Decades as Q4 Expansion Beat Estimates
(Insee) France ended 2021 strongly, with 0.7% growth in the fourth quarter, helping the economy to post a 7% expansion in the year, the highest in 52 years. Growth in the fourth quarter was higher than a forecast of 0.5% and happened after a higher 3.1% expansion in the third quarter. The growth in the fourth quarter was fueled by a rise in consumer spending, … [Read more...] about France’s Growth in 2021 the Highest in 5 Decades as Q4 Expansion Beat Estimates
Contract Signings for New Homes End the Year With a 3.8% Slump
Source: NAR The pending home sales in the US fell by 3.8% in December from November, with contract signings declining across all regions. SPY is up +0.82%, DXY is up +0.81%. On a year over year basis, contract signings for new homes fell by 6.9%.The decline in pending home sales reflected diminishing supply, with few units available for buyers.NAR’s chief economist … [Read more...] about Contract Signings for New Homes End the Year With a 3.8% Slump
