UK retail sales increased during last June, exceeding analyst expectations. Data released by Office for National Statistics showed on Friday that retail sales in Britain increased by 13.9% in June, compared to 12.3% in May. Analysts had expected that retail sales in the United Kingdom would rise by about 8.3% …
Read More »Trump: Many Schools Could Reopen
President of the United States, Donald Trump, announced in a press briefing on Thursday that many schools across the US are ready to open again after months of closure as a preventive measure against the coronavirus disease (COVID-19). “Given these considerations, we believe many school districts can now reopen safely, …
Read More »US Natural Gas Supplies Rise 37 BCF
The United States domestic supplies of natural gas increased by 37 billion cubic feet (bcf) last week, according to data released by the Energy Information Administration (EIA). The increase exceeded analysts’ expectations of a 33 billion cubic feet (bcf) increase.
Read More »European Consumer Confidence Further Declines in June
Data by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) showed that the consumer confidence indicator for the Eurozone declined in June by 0.3 points to -15. On the European Union’s (EU) level, the consumer confidence indicator remained unchanged at -15.6. Both indicators remain well below their …
Read More »Jobless Claims in US Increased by 109,000
Weekly jobless claims in the United States increased by 109,000 as data released by the US Department of Labor on Thursday revealed 1,416,000 initial claims for unemployment benefits in the United States during the week ending July 17. That reading came after last week’s reading of 1,307,000 and worse than …
Read More »US Oil Stocks Rise and Prices React with 1.3% Decline
Crude oil inventories in the United States increased by 4.9 million barrels during the week ending July 17, according to data by the US Energy Information Administration (EIA) on Wednesday. A decline between 575,000 and 1.9 million barrels was expected by market experts and surveys. On Tuesday, data by the …
Read More »US Home Sales Post New Record Increase
Home sales in the United States registered its highest rise on record last month, due to historically low mortgage rates, according to data by the National Association of Realtors, Reuters reported. Existing home sales in the US increased by 20.7% on a monthly basis to a seasonally adjusted annual rate …
Read More »Canada: Retail Sales Rise by 18.7% in May vs. 20% Expected
Monthly data released by Statistics Canada on Tuesday revealed that Canada’s retail sales rose 18.7% in May to $ 41.8 billion.This reading came after a 19.1% increase in May’s advanced estimates, and slightly worse than the 20% market forecast.
Read More »China’s Xi: China’s Economic Recovery Leads The World
“China’s economic recovery leads the world, we will strive to make up economic losses caused by coronavirus epidemic,” Chinese President Xi Jinping told the state television on Tuesday, as reported by Reuters. “We will strive to achieve good results for economic growth this year,” Xi added and noted that they …
Read More »China Accuses UK of Violating International Law
The Chinese Foreign Ministry again criticized the UK’s decision to suspend the extradition treaty in Hong Kong, in the latest escalation of tensions between China and Britain. The Chinese Foreign Ministry said that Britain’s actions violated international law and international standards. China on Tuesday reiterated its strong opposition to the …
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