Markets

US stocks close mixed as stimulus optimism clashes with new virus strain

US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]
US stocks close mixed as stimulus optimism clashes with new virus strain
News

US consumer confidence dips as labour-market pain weighs on economic expectations

The Conference Board’s Consumer Confidence Index weakened in October to 100.9 from 101.3 as labour-market damage dragged on sentiments. Economists surveyed by Bloomberg expected the gauge to improve to 102. While the organisation’s Present Situation Index climbed 5.7 points to 104.6, a 4.5-point drop in its gauge of economic expectations […]
US consumer confidence dips as labour-market pain weighs on economic expectations
Markets

May consumer confidence tops estimates as the US unwinds economic shutdowns

Consumer confidence stabilised in May as lockdowns eased and businesses began reopening, according to a Tuesday report from The Conference Board. The organisation’s Consumer Confidence Index ticked higher to 86.6 from April’s 85.7 reading. Economists surveyed by Dow Jones expected the metric to sink to 82.3, CNBC reported. Present-day sentiments […]
May consumer confidence tops estimates as the US unwinds economic shutdowns
Markets

US consumer confidence trounces forecasts, hits highest level since August

A closely-watched measure of consumer confidence among American households rebounded in January. The increase was driven primarily by a positive assessments of the labour market and increased optimism about future job prospects. Concerns about the spread of a new coronavirus in China and beyond has raised concerns about the global […]
US consumer confidence trounces forecasts, hits highest level since August
Markets

MACQUARIE: China’s ‘hard landing’ may have already taken place

While financial markets continue to debate whether or not the Chinese economy will suffer a so-called “hard landing”, perhaps, based on recent anecdotal evidence, it has already occurred. That’s the view of Viktor Shvets, Chetan Seth and Xiao Wen, members of Macquarie Bank’s equity research team, who suggest that recent […]
MACQUARIE: China’s ‘hard landing’ may have already taken place