The Pending home sales in the United States fell 2.8% monthly during the month of January, worsening the 0.5% rise in December (figure revised up from -0.3%), and disappointing the estimated 0%. This is the biggest drop seen since last April. To level Yearly, Home Sales Up 13%, below the 21.4% previously and the 19.5% […]
Tag: U.S.
Durable goods orders rise 3.4% in January, beating expectations
The Durable goods requests in January rose 3.4%, above the 1.1% market consensus. In December they had increased 1.2%, a figure that was revised from 0.2%. Orders not including transportation they rose 1.4%, higher than the 0.7% of the consensus in January; in December they increased 1.7% (revised from 0.7%). The orders without defense rose […]
GDP expanded to 4.1% in the fourth quarter, in line with expectations
The Second estimate of US GDP growth during the fourth quarter showed no significant revisions. The economy expanded at an annualized rate of 4.1%, higher than the 4% previously reported and in line with what was expected. In the third quarter the economy had expanded at a rate of 33.4%. In the fourth quarter the […]
Initial jobless claims drop to three-month lows
The Department of Labor reported that initial claims for unemployment benefits they fell by 111,000 in the week ending February 20 to 730,000. The data was better than the market consensus of 838,000. It was the lowest reading in three months. Regarding orders continued A drop of 101,000 was reported in the week ending February […]
New Home Sales Up 4.3% in January vs. 2.1% Expected
The New home sales in the US increased 4.3% in January at a seasonally adjusted annual rate of 923,000, data released jointly by the US Census Bureau and the Department of Housing and Urban Development on Wednesday showed. This reading followed the December increase of 5.5% (revised from 1.6%) and was better than the market […]
Johnson & Johnson vaccine is safe and effective according to the FDA
The COVID-19 vaccine single shot developed by Johnson & Johnson appeared effective and safe in recent trials, the US Food and Drug Administration (FDA) announced in a document released Wednesday, Reuters reported. “FDA’s independent expert panel meets Friday to decide whether to approve the injection“Reuters noted. This council is not required to follow the advice […]
Deutsche Bank raises US GDP forecast to 7.4% by 2021 on stimulus boost
Deutsche Bank economists have raised their 2021/2022 forecasts on US GDP amid expectations of a larger stimulus package.Reuters reports, citing a German bank strategist on Wednesday. Key Comments: “They have revised their benchmark expectations for the next fiscal package from nearly $ 1 trillion to $ 1.6-1.7 trillion, with their 2021 growth forecast improved by […]
Ministry of Commerce says it is prepared to improve exchanges on the commercial and economic front
Wang Wentao, China’s new Commerce Minister, said on Wednesday that Beijing stands ready to strengthen political support for foreign trade. Additional comments: “China wait work with American colleagues to focus on cooperation and manage differences. “ “The perspective of the foreign ministry continues being bleak and complex this year due to uncertainties about COVID-19 and […]
The House will vote on the $ 1.9 trillion stimulus bill on Friday at 14:00 GMT
Steny Hoyer, Majority Leader of the US House of Representatives, has confirmed in a tweet that The House will vote on President Joe Biden’s $ 1.9 trillion coronavirus stimulus bill this Friday at 14:00 GMT. Hoyer tweeted: “The House will vote Friday on @POTUS #AmericanRescuePlan to end this pandemic and provide urgently needed relief to […]
The Barceló hotel chain loses 137 million, gives up Easter and doubts about the summer
The Barcelo hotel chain, the second in Spain in number of rooms and one of the largest in the world, closed the year 2020 with a loss of 137 million euros, as a consequence of the 60% drop in billing (946 million) due to the pandemic, according to the data provided this Tuesday. In a […]
