U.S. personal income and consumption
Mixed U.S. Data, Lots of Other Data, and Ever-present Worries about The Mueller Investigation and U.S.-Sino Trade Strains
November 29, 2018
U.S. personal income rose 0.5% last month, a 7-month high. Personal consumption expenditures went up even more robustly, 0.6%, and the core PCE price deflator measure of U.S. inflation settled back 0.1 percentage point to 1.8%. On the other hand, U.S. pending home sales sank 2.6% to a near four-year low and recorded an on-year […] More
Dollar Down a Bit, Stocks Go a Little Higher
March 29, 2018
The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More
Ton of Data Depresses Sovereign Debt Yields
August 1, 2017
Released U.S. economic indicators today were lower than forecast. The Institute of Supply Management’s manufacturing purchasing managers index dropped 1.5 points to a 2-month low of 56.3, which still implies pretty solid activity. Construction spending sank 1.3% in June. The main disappointment was delivered by personal income and spending. Income stagnated instead of rising about […] More
Some Pre-Christmas Data
December 23, 2013
Japan was closed for the Emperor’s Birthday holiday, and other markets are winding down ahead of their closures. Today saw more data releases than any other day this week, but market action has been unremarkable. The dollar fell 0.4% against the Canadian currencies and shows a dip of 0.1% relative to the euro, Swissie, kiwi, […] More
