Durable Goods Orders in the United States expanded by 1.3%, or $3 billion, on a monthly basis to $240.8 billion in October following September’s increase of 2.1% (revised from 1.9%), the US Census Bureau reported on Wednesday. This reading beat the market expectation of 0.9%.
Read More »UK PM Johnson: We’ll Only be Able to Make Progress if EU Accepts We Need to Control Waters
British Prime Minister Boris Johnson reiterated on Wednesday that the UK’s position on fisheries hasn’t changed. “We’ll only be able to make progress in the European Union accepts we need to control waters,” Johnson added. “The government is taking tough decisions now to allow the economy to bounce back.” Johnson …
Read More »Dow Hits New All-Time High
The Dow Jones Industrial Average index surged on Tuesday, supported by gains by major stocks listed on the New York Stock Exchange (NYSE), or Wall Street, as well as the beginning of the transition from the Trump administration to that of President-elect Joe Biden. The index broke the 30,000-point mark …
Read More »US Consumer Confidence Declines in November
The Conference Board’s index of consumer confidence in the United States declined to 96.1 in November, down from a revised reading of 101.4 in October, data showed on Tuesday. This comes as the rising number of new Coronavirus cases across the states pushed down consumer confidence. “Heading into 2021, consumers …
Read More »UK Retail Sales Post The Biggest Drop Since June
A survey showed that British retail sales recorded the biggest drop since June this month under isolation measures in most parts of the country, but the decline was less than most economists feared, as online sales absorbed part of the decline. The Confederation of British Industry said its index of …
Read More »Biden to Name Yellen as Treasury Secretary
The United States President-elect Joe Biden is reportedly planning to nominate the former Federal Reserve Chairwoman Janet Yellen to be the next Secretary of Treasury, the Wall Street Journal has reported.
Read More »Ethereum Price Breaks $600
Ethereum is currently trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years.
Read More »Eurozone Flash Manufacturing PMI Comes in at 53.6 For November
According to the preliminary report from IHS/Markit research, Eurozone business activity fell sharply in November as countries introduced more aggressive measures. In fact, the Eurozone manufacturing purchasing managers index (PMI) fell to a three-month low level of 53.6 during the reported month, down from 548 in October. Adding to this, …
Read More »Canada: Retail Sales Increase by 1.1% in September
Retail Sales in Canada rose by 1.1% on a monthly basis in October to $ 53.9 billion, the data published by Statistics Canada showed on Friday. This reading followed August’s increase of 0.4% and came in slightly lower than the market expectation of 1%. “Rounding out the third quarter, retail …
Read More »Bitcoin Breaking $18,000 Mark And Nearing All-Time Highs
Bitcoin broke the $ 18,000 barrier today, Wednesday, reaching its highest level since December 2017, continuing its great rise in 2020, supported by demand for its nature, which is a hedge against inflation and expectations for a general trend to accept. The main and largest cryptocurrency jumped to $ 18,483, …
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