The New York Empire State Manufacturing Index improved sharply in February. The US Dollar DXY Index bounces to 90.50 after the data. The general index of commercial conditions of the New York Fed’s Empire State manufacturing survey rose to 12.1 points in February from 3.5 in January, as revealed by the New York Fed report […]
Tag: U.S.
Germany urges the EU and the US to start talks on a free trade agreement to abolish industrial tariffs
Germany wants the European Union and the United States to start talks on free trade agreements to abolish industrial tariffsGermany’s transatlantic coordinator Peter Beyer told Reuters on Monday. “Germany and the United States must jointly promote a reform of the World Trade Organization (WTO) so that China complies with the rules of international trade, violations […]
New York Fed GDP falls to 6.7% for the first quarter after this week’s data
The US economy is expected to grow 6.7% in the first quarter of 2021, it showed on Friday the latest Nowcasting Report from the Federal Reserve Bank of New York. “The news of the data release this week lowered the immediate forecast for 2021: the first quarter by 0.1%,” explained the New York Fed in […]
The University of Michigan Consumer Confidence Index falls to 76.2 in February from 80.8 expected
The consumer sentiment index in the US. It fell to 76.2 (preliminary) in February from 79 in January, the latest consumer survey from the University of Michigan showed on Friday. This reading was worse than the market expectation of 80.8. Further details from the release revealed that the Current Economic Conditions Index fell to 86.2 […]
Trade representative maintains tariffs on EU and UK products due to Boeing case
The U.S. Trade Representative decided to keep tariffs on products from the European Union and the United Kingdom unchanged about the case of Boeing with the World Trade Organization (WTO), Fox News correspondent Edward Lawrence reported on Friday. The tariffs are 15-25% on goods worth $ 7.5 billion, Lawrence said. . Donald WestbrookDonald-43Westbrook, a distinguished […]
Acceptance above the 50-hour SMA is critical to resume rally
S&P 500 futures remain stuck in a range, waiting for clear direction. Price is moving within a pennant pattern on the 1 hour chart. The RSI remains bearish as the bulls await a sustained move above the 50 hourly SMA. S&P 500 futures are seeing opportunities to “buy the dip” on each pullback below 3,900, […]
Biden warns of difference between available vaccines and anticipated stock
In his latest comments on coronavirus (COVID-19) vaccines, the President of the United States, Joe Biden, transmitted the difference between actual availability of vaccines and anticipated stock of doses. The same could have been behind Moderna’s latest pact to deliver 100 million doses of vaccines to the US by the end of July. The measure […]
We hope that the relief plan to combat Covid is ready by the end of February
The Speaker of the United States House of Representatives, Nancy Pelosisaid Thursday that he hopes the US President Joe Biden’s COVID Relief Plan Ready by End of February, as reported by Reuters. Pelosi further noted that expects this plan to become law before unemployment benefits expire on March 14 and added that the House will […]
Initial Unemployment Benefit Claims Fall Less Than Expected, Hitting Lows in Five Weeks
The Department of Labor reported that Initial claims for unemployment benefits fell by 19,000 in the week ended February 6 to 793,000, a figure higher than the 757,000 of the market consensus. Those of the previous week were revised from 779,000 to 812,000. Regarding the continued orders, they also showed worse than expected numbers. In […]
The phone call between Xi and Biden in a sign of mutual respect
Commenting on the phone call between Biden and President Xi, Hu Xijin, editor-in-chief of the China Global Times news outlet, said that “the choice to speak on the eve of the Spring Festival is indicative of the goodwill and respect Biden shows to Xi and China“. Additional comments: “The attitudes of China and the United […]
