Source: Bureau of Economic Analysis Personal incomes in the US rose by 0.4% or $90.4 billion in November, accompanied by increased outlays of $106.3 billion in the month. SPY is up +0.24%, DXY is up +0.14%. Disposable personal income improved by $70.4 billion or 0.4%, with personal consumption expenditures up to $104.7 billion or 0.6%. Real DPI still shed 0.2%, while real … [Read more...] about US Personal Incomes Surge 0.4% in November as Prices Also Point Higher
Forex News
China Isolates 13 Million in Xi’an City Months Before Winter Olympics
Source: FT China has isolated some 13 million people in Xi’an city as part of the rigorous restrictions since early 2020, as the country prepares for the hosting of the 2022 Winter Olympics. MCHI is up 0.27% premarket. Under the order, residents of Xi’an are required to stay at home, and only one person per household is allowed to collect supplies every other … [Read more...] about China Isolates 13 Million in Xi’an City Months Before Winter Olympics
UK Commercial Vehicle Production Slips 7.8% in November
Source: SMMT Commercial vehicle production in the United Kingdom declined in November to mark the weakest November performance in four years. EWU is up 0.34% premarket. Commercial vehicle production fell to 7,940 units in November, down by 7.8% from the 8,609 units the same month last year. The latest figure is the weakest performance for the month of November since … [Read more...] about UK Commercial Vehicle Production Slips 7.8% in November
US Crude Oil Inventories Fall to 423.6 Million Barrels
Source: EIA Crude oil inventories in the United States declined in the past week as imports dropped while refinery inputs increased. Commercial crude oil inventories stood at 423.6 million barrels in the week ending December 17, 2021, down 4.7 million barrels from the previous week.The latest reading is 8% lower than the five-year average for this time of the … [Read more...] about US Crude Oil Inventories Fall to 423.6 Million Barrels
Existing Homes Sales Surge 1.9% in November but Remain Short of 2020 Levels
Source: NAR Sales of existing homes in the US reached an annual rate of 6.46 million in November, up 1.9% from October. SPY is up +0.29%, DXY is down 0.26%. The increase in existing home sales happened even as housing prices reached $353,900 in November, an increase of 13.9% from the prior year. House prices rose in all regions, with the South posting the highest … [Read more...] about Existing Homes Sales Surge 1.9% in November but Remain Short of 2020 Levels
