The Industrial production in October it expanded 1.1% above the 1.0% market consensus. This implies a rebound after September’s 0.4% drop, which was revised from -0.6%. The usability in October it was 72.8%, against 72% in September and the expected 72.3%. The dollar it did not register changes after the data, it remained weak against […]
Tag: United States
Retail sales up 0.3% in October, lower than expected
The retail sales in October they rose 0.3% below the expected increase of 0.5%. In September they had an increase of 1.6% (revised down from 1.9%). From a year ago, sales are up 5.7%, the highest rate in more than a year. The sales without taking into account automobiles, they had a rise of 0.2% […]
The PNC finance company plans to buy the US division of BBVA
The financial services company PNC, one of the largest of United States, is in advanced talks to acquire the US division of the Spanish bank BBVA, which would be one of the largest unions of banking entities since the financial crisis of 2008, reported this Sunday the Wall Street Journal. The transaction, which could […]
Empire Manufacturing Index falls in November to 6.3 against expectations of a rise to 13.5
The Empire manufacturing sector index showed an unexpected drop in November since 10.5 to 6.3, being that the market consensus was for a reading of 13.5. The order index fell from 12.3 to 3.7, the shipping index from 17.8 to 6.3 and the number of employees went from 7.2 to 9.4. The data was below […]
The dollar falls on optimism with the vaccine, the US horizon clears, focus on Brexit
This is what you need to know to trade today Monday, November 16: The market mood is optimistic on news of Moderna’s vaccine, and the United States appears to be making progress since the election. A broad Asian trade deal and upbeat Chinese data are also driving the moment. The Brexit talks are reaching another […]
Tax telework
Working from home has obvious drawbacks. The gossip around the coffee machine is lost and, although these can be replaced by WhatsApp groups, the internet does not have the same morbidity and, in addition, it is more dangerous, because from Luis BÃ Dozens of us all know that everything is written there and, as Cardinal […]
El Prat airport, in its lowest hours due to the coronavirus crisis
The airport of Barcelona it has run out of flights to the United States for the first time in 40 years. The airline Level, belonging to the group IAG, was the last to suspend its route to New York. At the beginning of last March, the three main US airlines canceled all connections to or […]
New York Fed Nowcast GDP was unchanged at 2.86% for the fourth quarter after this week’s data.
The US economy is expected to expand 2.86% in the fourth quarter, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York. “A positive impact from the JOLTS data was offset by the negative surprises from the CPI data, leaving the immediate forecast practically unchanged,” the New York Fed explained […]
Consumer confidence unexpectedly falls back in November
The preliminary consumer confidence report prepared by the University of Michigan showed a drop in the main indicators, which was surprising as a slight improvement was expected. The The University of Michigan Consumer Sentiment Index fell from 81.8 to 77, being that the market consensus was for a reading of 82.0. It is the lowest […]
Producer Price Index rises more than expected in October
The wholesale inflation It showed higher than expected figures in the main index although the underlying index climbed below the market consensus. The Producer Price Index (PPI) rose 0.3% in October, against the expected 0.2%, making the annual rate go from 0.4% to 0.5%. The underlying index, excluding the more volatile elements, it was up […]