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The US consumer confidence index in July was 97.1 points, down from 98.2 points in June, preliminary data from the University of Michigan showed. The July value of the index became minimal since January. Experts had expected the decrease to 98 points. The attitude of US consumers to the current financial situation deteriorated to 113.9 points from 116.5 points in June. At the same time, the indicator that determines consumer expectations for the next six months rose to 86.4 points from 86.3 points. The outlook for the medterm dropped from 3% to 2.9%, in the long run - from 2.6% to 2.4%. Head of consumer surveys division at the University of Michigan, Richard Kurten, expressed the opinion that “the expected introduction of duties on Chinese goods can spur consumer fears.”
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 ...
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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