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Specialists of the University of Michigan, calculating the index of consumer confidence in the US, reported that the September value of the index was 100.1 points, significantly exceeding the August level of 96.2 points. However, the indicator did not reach the forecasts of analysts, who had expected its growth to 100.6 points. Nevertheless, the value of the index in September was the highest for six months. The attitude of Americans to the current financial situation has improved to 115.2 points from 110.3 points in August. The indicator, which determines the expectations of consumers for the next 6 months, rose to 90.5 points against 87.1 points. The inflation forecast for the medium term dropped to 2.7% from 3%, for many tomorrows – to 2.5% from 2.6%.
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 ...
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's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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