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US consumer

US consumer spending, income rebound in March
World

US consumer spending, income rebound in March

  • Consumer spending, which accounts for more than two-thirds of US economic activity, increased 4.2% last month after falling 1.0% in February, the Commerce Department said on Friday.
  • Personal income jumped 21.1% after declining 7.0% in February. Economists polled by Reuters had forecast consumer spending increasing 4.1% and income surging 20.3%.
Published 30 Apr, 2021 06:22pm
US consumer confidence vaults to 14-month high in April
World

US consumer confidence vaults to 14-month high in April

  • The Conference Board said on Tuesday its consumer confidence index raced to a reading of 121.7 this month. That was the highest level since February 2020, just before the onset of the COVID-19 pandemic, and followed a reading of 109.0 in March. Economists polled by Reuters had forecast the index increasing to a reading of 113.0 in April.
Published 27 Apr, 2021 07:48pm
Asian markets mixed as record China data fails to impress
Markets

Asian markets mixed as record China data fails to impress

  • "With the Fed keeping the sugar taps open and offering up free tickets for investors to come frolic in the markets like 'kids in the candy store', the transition from policy to growth has been as smooth as silk with a benign reaction in yields suggesting that a growth tantrum is not on the cards anytime soon."
Published 16 Apr, 2021 10:50am