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Consumer spending in the United States increased by 1.4% in September, exceeding market expectations. This comes after consumer spending rose by 1% in August, a level that was expected to be maintained last month. It is worth noting that consumer spending makes up around two-thirds of economic activity in the …

The US Dollar (USD) is stabilizing on Friday against major currencies after fluctuating earlier in the day, as it moved from the negative territory to be mostly unchanged from its closing level yesterday. The Dollar Index (DXY) is marginally down by 0.1% at 93.86. The index has been moving in …

The main US stock indices fell at the open today, Friday, affected by sales in technology companies after reports of results below expectations, while pessimism was exacerbated by a record increase in cases of Coronavirus infection and concerns about the presidential election. The Dow Jones Industrial Average lost 86.84 points, …

The Consumer Sentiment Index in the US rose from 80.4 in September 81.8 (final) in October, the University of Michigan’s latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation and the previous estimate of 81.2. Further details of the publication revealed that the …

The Personal Consumption Expenditures (PCE) Price Index in September rose 0.2% on a monthly basis, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.3% in August (revised from 1.4%). Additionally, the annual Core PCE Price Index, the …

The economic activity in Canada expanded by 1.2% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This print followed July’s growth of 3.1% (revised from 3%) and beat the market expectation of 0.9%. “This fourth consecutive monthly increase continued to offset the steepest …

Personal Income in the US rose by 0.9% on a monthly basis in September following August’s contraction of 2.5%, the US Bureau of Economic Analysis reported on Friday. This reading came in slightly better than the market expectation for an increase of 0.4%. Further details of the report revealed that …

Germany’s GDP grew by 8.2% during the third quarter of 2020, compared to the previous quarter, amid increased consumption from households, a strong increase in exports and positive activity in manufacturing, according to official data. Experts polled by Reuters had expected growth of 7.3% in Q3. The German economy contracted …

Gold won today, Friday, as the dollar fell, which pushed safe haven flows towards the yellow metal again after an increase in cases of Coronavirus in the United States and Europe, threatening to derail the global economic recovery from its course. Spot gold rose 0.1% to $ 1869.16 an ounce …

The dollar halted its rally on Friday, while the euro remained near a four-week low against the US currency after the European Central Bank hinted at more monetary easing by the end of the year. Overnight, the euro’s decline, combined with US data, helped push the dollar to near a …