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
Forex News
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
US Jobless Claims Hit Pandemic-Low for Second Straight Week
Source: Department of Labor American unemployment claims fell for the third straight week to mark the lowest level seen since the COVID-19 pandemic hit. DXY is up 0.09%, while Gold is down 0.07%. Seasonally adjusted initial claims for the week ending October 16 stood at 290,000, down 6,000 from the previous week’s 296,000.This is the latest reading since claims were at … [Read more...] about US Jobless Claims Hit Pandemic-Low for Second Straight Week
UK Manufacturing Nearly Unchanged in October
Source: CBI Manufacturing in the United Kingdom posted similar growth in the quarter to October and to September, with most subsectors reporting growth during the period. EWU is down 0.44% premarket. Output volumes in the quarter to October grew by 15%, nearly unchanged from the similar pace of 16% in the quarter to September.Growths were recorded in 11 out of the 17 … [Read more...] about UK Manufacturing Nearly Unchanged in October
