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The US consumer confidence index in October was 98.6 points, down from 100.1 points in September, final data from the University of Michigan showed. Analysts had expected a decline to 99 points. Consumer attitude to the current financial situation in the country deteriorated to 113.1 points from 115.2 points. The indicator, which determines their expectations for the next 6 months, dropped to 89.3 points from 90.5 points. In the medium term, Americans expect inflation at the level of 2.9%, rather than 2.7%, as it was predicted earlier. For many tomorrows, their forecast dropped to 2.4% from 2.5%. The indicator of personal finance score of 130 points was the lowest since May.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...
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