
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
In August, fresh orders for major American capital products went down following four straight months of firm leaps, while shipments added. However, it won’t probably affect expectations of firm surge in business spending on equipment for the third quarter.
On Thursday, the Commerce Department told that orders for non-defense capital products without aircraft, monitored for business spending plans, decreased by nearly 0.5% in August, suppressed by a dive in demand for electronic products and computers.
There was also a slump in car orders. July’s data was updated a bit down to demonstrate the core capital goods orders adding almost 1.5% versus the previously posted 1.6% leap.
Market experts interviewed by Reuters had predicted core capital goods orders ascending by 0.4% in August. What’s more year-on-year, core capital products orders ascended by up to 7.4%.
Secondly, shipments of core capital products managed to inch up by up to 0.1% in August after an upwardly updated 1.1% leap gain in July. By the way, core capital goods shipments are employed to calculate equipment spending within the government's GDP measurement. Previously, they were posted to have jumped by up to 1% in July.
With business confidence at multi-year maximums, in part underpinned by a $1.5 trillion tax trim package, the sudden sag in core capital products orders in August should be regarded as temporary. However, there’re fears that an escalating trade conflict between China and America could impact confidence and also affect both business and consumer spending.
In addition to this, the US government imposed levies on $200 billion worth of China’s products on Monday , with the opponent immediately fighting back with levies on $60 billion worth of the counterpart’s products. By the way, both leading economies had already put levies on $50 billion worth of each other's exports.
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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