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In June, the US consumer confidence index rose to 98.2 points from 98 points in May, according to the final data from the University of Michigan. Experts had expected the index to rise to 99 points. The ratio of US citizens to the current financial situation was 116.5 points, increased from 111.8 points a month earlier. Consumer expectations for the next six months deteriorated in June to 86.3 points from 89.1 points. The forecast of Americans on inflation for the next year reached 3%, which is the maximum since March 2015, compared with the previously expected 2.8%. For many tomorrows, the forecast rose to 2.6% from 2.5%. According to experts, the deterioration of the index reflects the growing fears of consumers about trade wars.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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 ...
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