UK retail sales trend firm but not clear surveys will show that
The drivers of UK consumption are strong - real income is growing and consumer confidence is atcycle highs, supported in part by the continuing strong upward trend in employment.Therefore we need not read much into the r…
The drivers of UK consumption are strong - real income is growing and consumer confidence is atcycle highs, supported in part by the continuing strong upward trend in employment.
Therefore we need not read much into the recent disappointment in the March retail sales datawhich showed sales ex auto fuels rising by only 0.2% mom.
The CBI balance of reported sales jumped from 1 in February to 18 in March. The volume of retail sales surged by 1.6% mom in April 2014 which will be hard to match this year and so the CBI balance is expected to fall.
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…
