United States Secretary of the Treasury Janet Yellen is making its comments on the Treasury’s response to the coronavirus crisis in the face of the Senate Banking Committee. Featured statements “Economic recovery depends on the pandemic being under control, vaccines are essential for that.” “Direct payments support families.” “Financial institutions look healthier than before, banks […]
Tag: U.S.
Markit Manufacturing PMI rises to 59 in March, down from 59.3 expected
The preliminary estimate of the index Markit Manufacturing PMI showed a rise to 59 in March from 58.6 in February, revealing that business activity in the manufacturing sector continued to expand at a solid pace. This reading was below the market consensus of 59.3. For his part, Services PMI it posted an advance to 60 […]
Durable goods requests drop unexpectedly in February
The report of orders durable goods february showed figures below expectations. Orders in February fell 1.1%, while the market consensus was for an increase of 0.8%. In January there had been an increase of 3.5% (revised up from 3.4%). Regarding orders without taking transport into account, there was a fall of 0.9%, when the market […]
China has bought just a third of the US goods required by the trade deal – Bloomberg
China has fallen far short of its two-year targets agreed in its trade agreement with the United States, as the world’s second largest economy bought only about a third of the required products, Bloomberg reports, analyzing official Chinese trade data. Additional details Total purchases of US agricultural, manufactured and energy products. It has been $ […]
New Home Sales Decrease 18.2% in February vs. -6.5% Expected
New home sales in the US fell sharply in February. The DXY US Dollar Index posts strong daily gains around 92.20 after the data. New home sales in the US fell 18.2% in February at a seasonally adjusted annual rate of 775,000, data published jointly by the US Census Bureau and the Department of Housing […]
Philadelphia Fed Non-Manufacturing Index jumps to 38.6 points in March from 3.9
The Philadelphia Fed Non-Manufacturing Index improved decisively in March. The US Dollar DXY Index is holding on to strong daily gains above the 92.00 level. The Regional Business Activity Index of the Business Outlook Survey Non-manufacturing business of the Federal Reserve Bank of Philadelphia increased sharply to 38.6 points in March since February 3.9. Additional […]
US, EU, UK and Canada sanction China for abuses in Xinjiang
In an orchestrated effort, the western world imposed sanctions on Chinese officials on Monday, in response to Beijing’s human rights abuses in Xinjiang province, Reuters reports. Key Comments: “The United States, the European Union, Britain and Canada seek to hold Beijing accountable over the mass arrests of Uighur Muslims in northwestern China, where the United […]
Chicago Fed National Activity Index falls to -1.09 in February
The Chicago Fed National Activity Index fell into negative territory in February. The National Activity Index of the Federal Reserve Bank of Chicago fell to -1.09 in February from 0.75 (revised from 0.66) in January. This reading was below the market consensus of 0.21. The CFNAI diffusion index, which is also a three-month moving average, […]
Phase 3 Study of AstraZeneca Covid-19 Vaccine in USA Shows Safety and High Efficacy
Interim trial data from the US, Chile, and Peru have shown that Oxford-AstraZeneca’s covid vaccine is safe and highly effectiveReuters reports, citing the Oxford University statement. Additional comments: “The phase 3 study of the Oxford-AstraZeneca coronavirus vaccine conducted by AstraZeneca Plc in the US, Chile and Peru has shown that the vaccine is safe and […]
New York Fed GDP falls to 6.3% for the first quarter after this week’s data
The US economy is expected to grow 6.3% in the first quarter of 2021 and 1.2% in the second quarter, the latter showed on Friday. Nowcasting Report from the Federal Reserve Bank of New York. “The news of this week’s data release lowered the immediate forecast for 2021: Q1 by 2.3% and lowered the immediate […]
