Weekly claims for unemployment benefits fell to 847,000 in the week of January 22, improving expectations of 875,000 and reaching the lowest figure since the week of January 1. On the negative side, requests for the week of January 15 have been revised upwards, going to 914,000 from the 900,000 published. Initial jobless claims in […]
Tag: U.S.
Preliminary GDP for the fourth quarter of 2020 meets forecasts and rises by 4%
He Preliminary Gross Domestic Product for the fourth quarter of 2020 has grown by 4% annualized, as expected, well below the 33.4% seen in the third quarter of the year, but improving the negative results of the first and second quarters of the year. The phigh personal consumption expenditure preliminaries for the fourth quarter have […]
The Federal Reserve keeps interest rates at 0.25% in the first meeting of 2021
The United States Federal Reserve has decided this Thursday to maintain its interest rates unchanged at 0.25%, as expected. The entity has not moved its rates since March 2020, when they were cut by a point and a half from 1.75 to the current level due to the outbreak of the coronavirus pandemic. The Fed […]
Durable goods requests disappoint with a rise of 0.2% in December compared to 0.9% expected
Durable goods requests in the United States grew just 0.2% in December’s monthly reading, well below the expected 0.9% increase. In November, requests increased by 1.2% (revised up from 0.9%). This 0.2% rise is the lowest recorded since April 2020, when the indicator fell 18.3%. EExcluding defense and aviation, durable goods orders grew 0.6% in […]
Conference Board consumer confidence improves to 89.3 in January from 89 expected
The index of US Conference Board consumer confidence improved expectations in January, standing at 89.3 compared to the 89 expected. The December data has been revised downward, falling to 87.1 from the 88.6 published a month ago. Market reaction The dollar reacted lower after the data, falling in its DXY index to 90.14, its lowest […]
The house price index rises 1% in November compared to 1.5% in October
The US FHFA home price index rose 1% in November. The US Dollar DXY Index remains in negative territory near 90.20. He house price index published by the US Federal Housing Finance Agency (FHFA) up + 1% in November after October’s rise of + 1.5%. This reading was slightly higher than the market expectation of […]
The Philadelphia Fed Non-Manufacturing Index improves to -17.5 points in January from -26.6 in December
The Philadelphia Fed Non-Manufacturing Index rose modestly in January but remained in negative territory. The US Dollar DXY Index continues to push lower towards 90.20. He Regional Business Activity Index of the Non-Manufacturing Business Outlook Survey from the Federal Reserve Bank of Philadelphia improved to -17.5 points in January from -26.6 December. Additional details from […]
S&P 500 backs down as China says it will hold military exercises in the South China Sea
The China Maritime Security Administration issued a notice on Tuesday, announcing that it will hold military exercises in the South China Sea this week. Key details of the notice: “Entry to part of the waters of the Gulf of Tonkin is prohibited, west of the Leizhou Peninsula in southwest China, from January 27 to January […]
The world closes borders in the face of the pandemic as protests over curfews increase
Several countries on Monday reinforced restrictions on their borders in the face of the incessant threat of the coronavirus, amid new protests against curfews, which in the Netherlands caused riots. The United States joined France, Israel and Sweden in limiting certain arrivals, responding to concerns about new strains of the virus originating in the […]
Xi Jinping opens Davos by calling for multilateralism: “the world will never be what it was in the past”
China came to the virtual Davos Forum as the clear winner of 2020. It is the only major economy that has grown. The pandemic, except for small outbreaks, has it under control for now. It has signed the largest trade agreement in the world with 15 Asian countries and an unprecedented investment pact with the […]
