Economic data shows we must stay the course
Today’s national accounts confirm that continued closures and restrictions come at a huge economic cost, Business Council CEO Jennifer Westacott said. “It is a reminder that we must stay the course on reopening our national economy, otherwise we risk losing the economic momentum as employment and activity data shows it is accelerating. “Behind this set …
The week ahead – Central bank discussion, economic data and COVID-19 at a glance
On the macro It’s a particularly busy week on the economic calendar, with 78 stats featured in the week ending 3e December. During the previous week, 49 statistics had been finalized. For the dollar: Earlier this week, consumer confidence will be the focus ahead of non-farm and manufacturing ADP data on Wednesday. Expect the most …
Stocks fall amid fears of new variants; Mostly positive economic data
Shares ended this short week with a sharp drop in concerns over a new variant of the coronavirus. Friday’s drop came in a holiday shortened session typically characterized by light volume, so it’s hard to say if the market reaction would have been this harsh in a normal session. The S&P 500 had gained 0.11% …
banker, real estate agent provide local housing, economic market updates | Local News
LITTLETON – Two years after the start of the COVID-19 pandemic, the local real estate market remains strong, although a tightening in inventory has started to slow sales. That report, along with the new kind of demographics entering the region, was featured in a local housing market update by Andy Smith, owner-broker of Peabody and …
Rtl today – Strong economic data: stocks rise mainly after good US data
Major stock markets rose mainly on Thursday following data confirming a strong economic recovery in the United States. Frankfurt added 0.3% as traders focusing on Germany eventually struck a deal to form a new government. This helped offset news that Europe’s largest economy had lowered its growth estimate for the third quarter amid rising Covid …
Germany’s economic data puts the euro in the spotlight
Early in the day: The start of the economic calendar day was relatively calm this morning. The kiwi dollar was in action early in the morning. Later this morning, the Australian dollar will also be the center of attention, with new private CAPEX numbers for the 3e quarter due. While the statistics were the center …
Gold Dips Against Stronger Dollar, Investors Consider Data Explosion
(Add a comment, update the prices) * 2nd estimate of US GDP for the 3rd quarter, first jobless claims at 13:30 GMT * FOMC to publish minutes of political meeting on 2-3 November Nov. 24 (Reuters) – Gold prices fell on Wednesday, forecast for a fifth straight session of losses as the US dollar strengthened …
U.S. mortgage rates rebound, boosted by bullish U.S. economic data and inflation
Mortgage rates increased for the 1st time in 3 weeks, scoring a 4e increase in 6 weeks The rise in mortgage rates saw the 30-year fixed rate cross the 3% mark. In the week ending 18the In November, fixed 30-year rates rose 12 basis points to 3.10%. Compared to the same period last year, 30-year …
The week ahead – COVID-19, economic data and monetary policy at a glance
On the macro It’s a relatively busy week on the economic calendar, with 49 stats at the center of the week ending 26e November. During the previous week, 60 statistics had been finalized. For the dollar: Earlier this week, the preliminary private sector PMIs for November will be the focus of discussions on Tuesday. While …
The Weekly Wrap – Discussion of lockdowns and economic data provided with dollar backing
Statistics It was a busier week on the economic calendar, in the week ending 19e November. A total of 60 statistics were monitored, up from 39 the previous week. Of the 60 statistics, 36 are ahead of forecast, with 16 economic indicators below expectations. There were 8 stats that were in line with the week’s …