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The US consumer confidence index in July fell to the lowest since January, to the value of 97.9 points from 98.2 points in June, according to the final data of the University of Michigan. The indicator of the attitude of American consumers to the current financial situation was 114.4 points, down from 116.5 points a month earlier. At the same time, the indicator of expectations for the next six months increased to 87.3 points from 86.3 points. The outlook for the medium term dropped to 2.9% from 3%, for the long run - to 2.4% from 2.6%. Experts of the Institute explain the decline in the index by fears associated with trade wars.
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 ...
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 ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
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