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Topic

US consumer

Dollar eases after US data

Dollar eases after US data

Published 01 Nov, 2024 06:51am
NEW YORK: The dollar eased broadly on Thursday after US data suggested upward price pressures continue to ease,...
Copper drifts lower

Copper drifts lower

Published 30 Oct, 2022 03:57am
LONDON: Copper slid on Friday as bullish investors shed long positions while the dollar strengthened and top metals...
Banks, tech stocks propel S&P 500 to new highs

Banks, tech stocks propel S&P 500 to new highs

Updated 29 Jun, 2021 08:14pm
  • Morgan Stanley jumps on surprise dividend hike.
  • Textron gains as Morgan Stanley upgrades to 'overweight'.
  • Indexes: Dow up 0.38%, S&P rises 0.13%, Nasdaq dips 0.10%.
US consumer spending, income rebound in March

US consumer spending, income rebound in March

Published 30 Apr, 2021 06:22pm
  • 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%.
US consumer confidence vaults to 14-month high in April

US consumer confidence vaults to 14-month high in April

Published 27 Apr, 2021 07:48pm
  • 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.
Asian markets mixed as record China data fails to impress

Asian markets mixed as record China data fails to impress

Published 16 Apr, 2021 10:50am
  • "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."
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