The figure published by the National Institute of Statistics leaves no room for doubt: Spain’s GDP fell by 11% in 2020, the worst result in history in peacetime. Although Spain has not been the only country that has suffered this financial setback derived from the pandemic, its fall has been one of the hardest. The […]
Tag: U.S.
New York Fed GDP stands at 6.5% for the first quarter after this week’s data
The US economy is expected to grow 6.5% in the first quarter of 2021, the latest Nowcasting Report from the Federal Reserve Bank of New York. Additional conclusions “The Commerce Department’s early estimate of real GDP growth for 2020: Q4, released on January 28, was 4.0%. The latest New York Fed staff Nowcast for 2020: […]
Pending home sales fall 0.3% monthly in December but are up 21.4% year-on-year
The Pending U.S. home sales fell 0.3% in December, worsening the estimated 0.1% decline. In November, sales fell 2.5%. This is the fourth consecutive month of decline after an off-season surge in August. Total pending sales decreased primarily due to fewer contract signings in the Midwest region. To level y-o-y, the variation in pending home […]
US: University of Michigan consumer sentiment falls to 79 in January from 79.2 expected
The University of Michigan consumer sentiment index fell to 79 points in January from 80.7 in December. The result has been. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that […]
Chicago PMI surprises positively as it reaches its highest level since 2018
The Chicago Purchasing Managers Index (PMI) rose more than five points in January, standing at 63.8 from 58.7 in December (figure revised down from 59.5). The result improves the 58.5 expected for today. The final Chicago PMI data has been the highest seen in two and a half years, specifically since July 2018. . Donald […]
EUR / USD rises to two-day highs near 1.2160 following US data.
The EUR/USD it is up about 20 pips after the release of better than expected US personal income and expense data. The pair has moved towards 1.2155, new two-day high, and at the time of writing it is trading around 1.2152, gaining 0.22% daily. Improving US data boosts sentiment Americans’ personal income rose 0.6% in […]
Personal income rises 0.6% in December, improving the estimated 0.1%, expenses fall less than expected
The Americans’ personal income rose 0.6% in December, exceeding the estimated 0.1% increase. This is the first monthly rise after two consecutive months of declines. November’s result was revised downward, with a final drop of 1.7% compared to the 1.1% decline published a month ago. Personal expenses showed a result of -0.2%, improving the expected […]
Markets rocked by retail frenzy, vaccine concerns and focus on US data
This is what you need to know to trade today Friday, January 29: Market sentiment turned sour on Friday, with investors seeking refuge in the safe-haven US dollar amid escalating tensions between the United States and China, new concerns about a cash shortage in China and disappointing news about the Novavax vaccine. The American pharmaceutical […]
We will bring the budget resolution to the House of Representatives next week
The Speaker of the United States House of Representatives, Nancy Pelosisaid Thursday that they won’t remove any tools from the table for the coronavirus relief bill to pass, as reported by Reuters. Pelosi further noted that the House will pass a reconciliation bill and added that they will bring the budget resolution to the House […]
EUR / USD rises to daily highs around 1.2140 after US data.
He EUR/USD it has risen about 50 pips after the release of the US data. The cross has jumped above 1.2100 to ascend to 1.2141, new daily high. US data returns some optimism to the market The risk appetite has been activated again after the data of the GDP and weekly unemployment of the United […]
