
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
In November, euro zone sales managed to inch up more than anticipated for a second month in a row because customers purchased more clothes as well as electrical goods. That’s what follows from official data uncovered on Monday. Undoubtedly, it’s an upbeat sign for the EU’s surge in the last quarter.
Eurostat, the EU’s statistics office, revealed that retail sales in the trading bloc tacked on by 0.6% month-on-month, which is much more than the 0.1% leap estimate by market experts surveyed by Reuters.
Retail trade soared by 1.1% on the year.
In addition to this, Eurostat also updated October data upwards to a 0.6% month-on-month leap from a previous 0.3% outcome and also to a 2.3% jump year-on-year versus a previous 1.7% ascend.
The better-than anticipated figures, although extremely volatile and prone to frequent revisions, appear to be upbeat news for the euro zone economy and could indicate stronger surge for the last quarter of the year.
In the third quarter, the EU’s economy managed to ascend by just 0.2% percent, speeding down from a 0.4% GDP leap in the second quarter. By the way, before retail figures were published, the downbeat mood among euro zone purchasing managers in December uncovered on Friday had pushed some financial analysts to forecast that surge in the last quarter of 2019 would be slow too.
November retail trade was powered generally by customers’ appetite for footwear and clothes, whose sales headed north in volume by about 2.7% on the month. Additinally, purchases of electrical goods, including TVs, surged by 1.5% month-on-month.
The higher retail trade figures were also provoked by more intense sales of medicines that leapt by 1.3% on the month. Besides this, sales of auto fuel as well as online goods went up too.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.