Category: Consumer
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Stocks Rally Stalls as Consumer Sentiment Hit: Markets Wrap
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(Bloomberg) — U.S. stocks fell after consumer confidence unexpectedly fell to a three-year low, while bonds came under pressure ahead of a Treasury auction on Tuesday. Most Read from Bloomberg The S&P 500 fell 0.2% — the benchmark stock index had a record close in the previous session. The Nasdaq…
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Consumer confidence plummets as Labour warned over recession fears
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Consumer confidence has fallen sharply amid growing concerns that Labour’s rhetoric is fuelling economic concerns, raising the prospect of a slowdown in Britain. GfK’s latest consumer confidence index fell seven points to -20 in September, with households increasingly worried about their personal finances and the general economic outlook. The survey…
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New Zealand data – Q3 consumer confidence 90.8 (prior 82.2)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Week Ahead in FX (September 16 – 20): FOMC, BOE, And BOJ Decisions Plus Top-tier Consumer Data On Tap
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After months of speculation, the Federal Reserve may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking the markets! Traders are also set for two more big central bank decisions and other top-tier data releases that could send major currencies…
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Oppenheimer sees more favorable setup for consumer staples stocks By Investing.com
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Oppenheimer analysts see a more favorable setup for consumer staples stocks as the market anticipates a rate cut from the Federal Reserve. “Fed easing has historically been positive for consumer staples stocks, and the group has generally outperformed during periods of low 10-year Treasury yields,” Oppenheimer wrote. Their analysis shows…
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Tech and consumer cyclical sectors lead today’s stock market gains
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Stock Heat Map from FinViz.com Friday, August 30, 2024 13:46:11 GMT Market Segment Overview Today’s stock market map reveals a wide spectrum of performance across sectors, with technology and consumer sectors taking the spotlight with impressive gains. Meanwhile, the energy sector faced notable declines, dragging down related stocks. Technology Brilliance…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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US August UMich final consumer sentiment 67.9 vs 68.0 expected
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The initial score was 67.8. It was previously 66.4 Current conditions 61.3 vs. 60.9 in initial test (62.7 in previous test) Expectations 72.1 vs 72.1 in the preliminary test (68.8 in the previous test) Inflation over one year 2.8% vs. 2.9% initially Inflation over 5 years 3.0% vs. 3.0% initially…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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US August prelim UMich consumer sentiment 67.8 vs 66.9 expected
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The final score for July was 66.4. Current conditions 60.9 vs. 62.7 previously Expectations 72.1 vs. previous 68.8 Inflation over one year 2.9% vs. 2.9% in the previous year Inflation over 5-10 years 3.0% vs. 3.0% previously Overall, expectations for both personal finances and the economic outlook over the next…
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Walmart offered six endorsements on the health of the US and global consumer
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The combination of the July U.S. retail sales report and comments from Walmart executives is a powerful statement about the health of the American and global consumer. It has better data than any U.S. statistical agency, and it is often forthright about what it sees. Here are some quotes from…
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The focus will shift to the US consumer with retail sales and Walmart earnings Thursday
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On Thursday, the focus of U.S. markets will shift from inflation to consumer health. Interest rates are starting to weigh on the market as a number of major companies, including Home Depot and McDonald’s, announce spending cuts. Spending so far appears to have been hit hardest in interest-rate sensitive areas,…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)
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Previous month 68.2 Current status 62.7 vs. 64.1 initially and 65.9 last month. Expectations: 68.8 vs. 67.2 initially and 69.6 last month One-year inflation expectations: 2.9% vs. 2.9% initially and 3.0% last month. 5-year inflation forecast 3.0% vs. 2.9% initially and 3.0% last month Mix of details compared to the…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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Oracle reaches $115 million consumer privacy settlement By Reuters
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By Jonathan Stempel (Reuters) – Oracle Corp has agreed to pay $115 million to settle a lawsuit accusing the database and cloud computing software company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action lawsuit was…
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UMich consumer sentiment data coming up next
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Shops and restaurants poised for consumer spending boost with labour win and major sports events
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Retailers and the hospitality sector are bracing for a huge increase in consumer spending as Labour’s latest election victory coincides with a big weekend of sporting events, including England’s Euro 2024 match and Andy Murray’s potential final appearance at Wimbledon. Businesses across the UK are set to benefit from a…
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Retail sales miss in May indicative of fading consumer momentum
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Investing.com – Analysts from Wells Fargo (NYSE:) noted on Tuesday that weaker-than-expected May data indicated a decline in consumer spending. Retail sales data for May came in slightly lower than expected, rising just 0.1%. Furthermore, there were downward revisions to previous months’ data, implying a weaker spending environment in the…