Retail sales data is one of the timeliest economic indicators of consumer spending. According to Henry Hazlitt, author of Economics in One Lesson, US consumers account for approximately 70% of the national economy.
Global Markets: Asian Stock Markets : Nikkei up 0.07%, Shanghai Composite down 0.48%, Hang Seng down 0.03%, ASX up 0.67% Commodities : Gold at $1552.95 (-0.07%), Silver at $17.92 (-0.41%), Brent Oil at $64.41 (+0.64%), WTI Oil at $58.21 (+0.69%) Rates : US 10-year yield at 1.797, UK 10-year yield at 0.647, Germany 10-year yield … Continue reading Thursday 16th January: Asian markets take a pause, near all time highs
The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be transformative for the US economy.
Global Markets: Asian Stock Markets : Nikkei down 0.45%, Shanghai Composite down 0.54%, Hang Seng down 0.49%, ASX up 0.47% Commodities : Gold at $1551.45 (+0.44%), Silver at $17.84 (+0.54%), Brent Oil at $64.36 (-0.20%), WTI Oil at $58.09 (-0.24%) Rates : US 10-year yield at 1.806, UK 10-year yield at 0.721, Germany 10-year yield … Continue reading Wednesday 15th January: Asian markets begin to lose steam
Although ranging more than 40 points on the session between 1.1144/1.1104, Tuesday concluded pretty much sideways. Intraday, a dip to lows just north of the 1.11 handle occurred, though price action swiftly recovered and traded to 1.1120+ amid US hours.
