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CB Consumer Confidence increased to 122.9

The Conference Board Consumer Confidence Index®, which had increased in July, improved further in August. The Index now stands at 122.9 (1985=100), up from 120.0 in July. The Present Situation Index increased from 145.4 to 151.2, while the Expectations Index…

House price fall renews concern over cooling UK economy

UK house prices dipped this month, dragging down the annual growth rate, in further evidence of a cooling market. The average price of a home fell 0.1% between July and August to £210,495, according to Nationwide, Britain’s biggest building society.…

German Consumer Confidence rose to 10.9 for September

The mood among consumers in August shows a positive but non-uniform pattern. Both income expectation and propensity to buy have been able to improve their already outstanding levels, while economic expectation was less impressive after five increases in a row.…

Australian Home Sales at a four-year low

Australian new home sales tumbled to a four-year low in July, driven by a sharp decline in apartment sales. According to the Housing Industry Association (HIA), total sales fell by 3.7%, adding to the 6.9% fall recorded in June and…

U.S. trade deficit widens in July, advance report shows

An early look at U.S. trade patterns in July points to a wider deficit. The advanced trade gap in goods — services are excluded — widened by nearly 1.8% to $65.1 billion in July, the Commerce Department said Monday. Both…

Money Supply decreased to 4.5%

The annual growth rate of the broad monetary aggregate M3 decreased to 4.5% in July 2017, from 5.0% in June, averaging 4.8% in the three months up to July. The components of M3 showed the following developments. The annual growth…

Aussie little changed in a quiet Monday trade

There were not major reports from Australia or New Zealand on Monday so after the reaction to Yellen’s comments on Friday, there is not much to move the markets. The persistent bear-trend in the USD this year showed its claws…

UK opposition Labour backs soft Brexit, putting pressure on May

The opposition Labour Party has said it would keep Britain in the European single market and customs union for a transitional period after Brexit, offering an alternative to the government line after months of uncertainty over Labour’s position. The party…

Existing Home Sales down by 1.3%

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 1.3 percent to a seasonally adjusted annual rate of 5.44 million in July from a downwardly revised 5.51 million in June. July’s sales pace…

Unemployment Claims increased to 234,000

In the week ending August 19, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 2,000 from the previous week's unrevised level of 232,000. The 4-week moving average was 237,750, a decrease of 2,750 from the…

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