Data Preview- UK construction output, US retail sales
The upcoming UK construction output data today will give an understanding of the nation's GDP growth in Q4. The recently released industrial production report stated that the output declined more than expectations, indic…
The upcoming UK construction output data today will give an understanding of the nation's GDP growth in Q4. The recently released industrial production report stated that the output declined more than expectations, indicating that the GDP growth in Q4 might be 0.5%, as compared with 0.4% growth in Q3. However, the UK's overall Q3 growth was largely affected by a decline in construction activity, whereas October's and November's data saw a recovery and growth in the activity.
December's US retail sales is awaited and closely watched as household spending is considered as one of the main driving factors of the 2015 and 2016 economic growth. December's industrial production and the January Empire State survey are expected to indicate that the sector continues to perform weakly in the US.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
