Tag Archives: US Economy

The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index fell by 0.7% on a monthly basis in August. This print followed July’s decrease of 0.6% and came in lower than the market expectation of -0.3%. Meanwhile, the S&P/Case-Shiller Home Price …

The Coca-Cola Company raised its forecast for its full-year financial results Tuesday, October 25, after beating expectations for its quarterly earnings and revenue. The company also provided an outlook towards 2023 saying it expects inflation to continue to drive up its expenditures and commodity prices to remain volatile. However, the …

The Chinese yuan fell during Friday’s trading, near its lowest level in 14 years against the dollar, bringing its losses this year to 12.3%. And according to Bloomberg, market watchers expect further yuan weakness after the Communist Party congress ends this weekend, with the central bank loosening its grip on …

The Federal Reserve’s Beige Book has been released pointing out that price growth is still high with some easing was noted across several districtsThe Beige Book also noted that the US national economic activity expanded modestly on net since the previous report; however, conditions varied across industries and Districts.Overall Economic …

Eurozone’s Inflation surged 9.9% in September, on an annualized basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading missed expectations of 10.0% while against the 10.0% previous. Core figures rose by 4.8% YoY, meeting the 4.8% market estimates …

Lockheed Martin’s third-quarter earnings report indicated that it beat analysts’ expectations. The report was released on Tuesday and the company posted revenue less than expected. Earnings per share amounted to $6.87, while revenues were recorded at $16.60. According to the report, Lockheed Martin shares gained 0.70% to trade at $400.10 …

Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China’s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts …

Oil prices stabilized near a three-week high on Thursday after the OPEC + alliance agreed to cut global crude supplies by reducing production by about 2 million barrels per day, the largest cut since 2020. Brent crude futures for December settlement rose four cents to $93.41 a barrel by 0538 …

The data published by the US Census Bureau showed on Wednesday that the US’ goods and services deficit narrowed by $3.1 billion to $67.4 billion in August from $70.5 billion in July. This reading came in lower than the market expectation for a deficit of $68 billion.

The American Petroleum Institute said that crude oil inventories fell by 1.8 million barrels in the week ending September 30th. In its weekly report, the American Institute stated that gasoline stocks fell by 3.5 million barrels last week, and distillate stocks fell by 4.1 million barrels. On Wednesday, the US …