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News

Unemployment Claims increased to 227,000

In the week ending June 23, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 9,000 from the previous week's unrevised level of 218,000. The 4-week moving average was 222,000, an increase of 1,000 from the…

US GDP grew by 2.0% in Q1

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2018 according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.9 percent.…

German consumer climate remains stable

The trade conflict between the EU and the USA is intensifying and leaves a clear mark on the consumer mood in Germany in June. Economic optimism clearly declines, while both income expectations and propensity to buy manage to hold their…

Crude Inventory Plunged 9.9M Barrels Last Week, says EIA

U.S. crude oil refinery inputs averaged 17.8 million barrels per day during the week ending June 22, 2018, which was 115,000 barrels per day more than the previous week’s average. Refineries operated at 97.5% of their operable capacity last week.…

U.S. business spending on equipment cooling; trade gap narrowing

New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter. The Commerce Department said orders for…

June sees summer boost for retailers

Retail sales grew at the fastest pace since September 2017 in the year to June, according to our latest monthly Distributive Trades Survey. The survey of 106 firms, consisting of 45 retailers, also revealed that sales volumes were well above…

M3 Money Supply increased to 4.0%

The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in May 2018 from 3.8% in April, averaging 3.9% in the three months up to May. The components of M3 showed the following developments. The annual growth…

The Conference Board Consumer Confidence Index Decreased in June

The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4 (1985=100), down from 128.8 in May. The Present Situation Index was relatively flat, 161.1 versus 161.2 last month, while the…

Brexit is killing investment in UK car industry

The Society of Motor Manufacturers and Traders said Tuesday that investment in new models, equipment and facilities in the United Kingdom was £347 million ($460 million) in the first half of the year, compared to £647 million ($860 million) in…

Bitcoin Price Building Relief Rally, But Resistance Hurdles Await

Bitcoin (BTC) narrowly missed scaling a key resistance level on Monday, but remains on the hunt for a corrective rally, the technical studies indicate. The cryptocurrency flashed signs of bearish exhaustion yesterday, having defended the $6,000 mark over the weekend.…

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