Orders placed with US factories for business equipment unexpectedly declined in June, suggesting companies remained cautious about capital spending due to trade and fiscal policy uncertainty. The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, decreased 0.7% last month after an upwardly revised 2% gain in May, Commerce Department figures showed Friday. Bookings for all durable goods — items meant to last at least three years and including orders for commercial aircraft and military equipment — fell...
The personal consumption expenditure price index in the US increased 0.2% month-over-month in October 2024, the same as in September and in line with expectations. Service prices rose by 0.4%, while goods prices decreased 0.1%. The core PCE index, excluding food and energy, rose 0.3%, also the same as in the previous month, as expected. Food prices were unchanged and energy prices decreased 0.1%. Annually, the PCE inflation rate edged higher to 2.3% from 2021-lows of 2.1%. The core rate rose to 2.8% from 2.7%. These increases in annual rates are influenced by base effects from the previous...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 24, 2024. The figure was lower than the 215,000 estimate and lower than the previous weekly reading of 215,000, the Labor Department said Thursday. Source: @Newsmaker23
The Conference Board (CB) released its Consumer Confidence figures, a key indicator of the level of consumer confidence in economic activity. The actual reading came in at 111.7, just shy of the forecasted 111.8, marking a significant increase from the previous figure of 2.1. The Consumer Confidence index is a leading indicator, with the potential to predict consumer spending, a major player in overall economic activity. Higher readings indicate higher consumer optimism, making this recent figure a positive sign for the US economy. While the actual figure of 111.7 narrowly missed the...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 17, 2024. The figure was lower than the 220,000 estimate and lower than the previous weekly reading of 217,000, the Labor Department said Thursday. Source: @Newsmaker23
US retail sales advanced in October, boosted by autos that masked more mixed performance elsewhere heading into the holiday season. The value of retail purchases, unadjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in September, Commerce Department data showed Friday. Excluding autos, sales edged up 0.1%. Source : Bloomberg
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical...