*China Jan-Sept FDI Up 5.2%

Trading 16 oct 2020 Commentaire »

China Jan-Sept FDI Up 5.2%


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U.S. Business Inventories Rise Slightly Less Than Expected In August

Trading 16 oct 2020 Commentaire »

Business inventories in the U.S. increased by slightly less than expected in the month of August, according to a report released by the Commerce Department of Friday.

The Commerce Department said business inventories rose by 0.3 percent in August after inching up by 0.1 percent in July. Economists had expected inventories to climb by 0.4 percent.

The increase in business inventories came as wholesale and retail inventories both grew by 0.4 percent, while manufacturing inventories came in unchanged line.

The report also said business sales climbed by 0.6 percent in August following a 3.4 percent spike in the previous month.

Wholesale sales jumped by 1.4 percent during the month, while manufacturing and retail sales crept up by 0.3 percent and 0.2 percent, respectively.

With sales increasing by more than inventories, the total business inventories/sales ratio edged down to 1.32 in August from 1.33 in July.


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U.S. Consumer Sentiment Rises Amid Improvement In Expectations

Trading 16 oct 2020 Commentaire »

With an improvement in consumer expectations more than offsetting concerns about current conditions, the University of Michigan released a report on Friday showing a much bigger than expected increase in U.S. consumer sentiment in the month of October.

The preliminary report said the consumer sentiment index rose to 81.2 in October from the final September reading of 80.4. Economists had expected the index to inch up to 80.5.

The bigger than expected increase by the headline index came as the index of consumer expectations climbed to 78.8 in October from 75.6 in September, reaching its highest level since March.

On the other hand, the report said the current economic conditions index fell to 84.9 in October after jumping to 87.8 in September.

"Slowing employment growth, the resurgence in covid-19 infections, and the absence of additional federal relief payments prompted consumers to become more concerned about the current economic conditions," said Surveys of Consumers chief economist Richard Curtin.

Curtin added, "Those concerns were largely offset by continued small gains in economic prospects for the year ahead."

On the inflation front, the report said one-year inflation expectations inched up to 2.7 percent in October from 2.6 percent in September, while five-year inflation expectations fell to 2.4 percent from 2.7 percent.


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Dollar Little Changed Following U.S. Consumer Sentiment Index

Trading 16 oct 2020 Commentaire »

The University of Michigan's preliminary consumer sentiment index for October has been released at 10:00 am ET Friday. After the data, the greenback changed little against its major rivals.

The greenback was trading at 1.1728 against the euro, 105.34 against the yen, 0.9135 against the franc and 1.2905 against the pound around 10:05 am ET.


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*U.S. Consumer Sentiment Index Ticks Up To 81.2 In October

Trading 16 oct 2020 Commentaire »

U.S. Consumer Sentiment Index Ticks Up To 81.2 In October


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*U.S. Business Inventories Rise 0.3% In August

Trading 16 oct 2020 Commentaire »

U.S. Business Inventories Rise 0.3% In August


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Dollar Mixed Ahead Of U.S. Consumer Sentiment Index

Trading 16 oct 2020 Commentaire »

The University of Michigan's preliminary consumer sentiment index for October is due at 10:00 am ET Friday. Ahead of the data, the greenback traded mixed against its major rivals. While it advanced against the pound and the yen, it was steady against the euro and the franc.

The greenback was worth 1.1731 against the euro, 105.32 against the yen, 0.9131 against the franc and 1.2902 against the pound as of 9:55 am ET.


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U.S. Industrial Production Unexpectedly Drops 0.6% In September

Trading 16 oct 2020 Commentaire »

Industrial production in the U.S. unexpectedly decreased in the month of September, according to a report released by the Federal Reserve on Friday.

The Fed said industrial production fell by 0.6 percent in September after rising by 0.4 percent in August. The drop surprised economists, who had expected production to increase by 0.5 percent.

Production declined for the first time in five months but has still recovered more than half of its February to April decline, although it remains 7.1 percent below its pre-pandemic February level.

The unexpected decrease in production in September was partly due to a 5.6 percent nosedive in utilities output, which came as demand for air conditioning fell by more than usual.

The report also showed manufacturing output dipped by 0.3 percent in September after jumping by 1.2 percent in August.

On the other hand, the Fed said mining output surged up by 1.7 percent in September after tumbling by 2.4 percent in the previous month.

"Goods-producing industries have recovered faster than services, but activity won't be immune from softening as the broad economic recovery loses steam," said Oren Klachkin, Lead U.S. Economist at Oxford Economics.

He added, "With lawmakers unlikely to deliver significant fiscal stimulus and the Covid-19 crisis far from resolved both domestically and abroad, we believe industrial activity will face stiffer headwinds in the months ahead."

Capacity utilization for the industrial sector decreased to 71.5 percent in September after rising to 72.0 percent in August.

The pullback came as capacity utilization in the utilities sector plunged to 70.4 percent in September from 74.7 in August.

Capacity utilization in the manufacturing sector edged down to 70.5 percent from 70.7 percent, while capacity utilization in the mining sector rose to 77.6 percent from 76.1 percent.


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Dollar Little Changed Following U.S. Industrial Production

Trading 16 oct 2020 Commentaire »

Following the release of U.S. industrial production for September at 9.15 am ET Friday, the greenback changed little against its major counterparts. The greenback was trading at 1.1729 against the euro, 105.33 against the yen, 0.9135 against the franc and 1.2903 against the pound around 9:20 am ET.


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*U.S. Industrial Production Drops 0.6% In September

Trading 16 oct 2020 Commentaire »

U.S. Industrial Production Drops 0.6% In September


The material has been provided by InstaForex Company - www.instaforex.com