July 5, 2023 United States: US Stocks Fall as China Data Saps Risk Appetite: Markets Wrap US equities followed European and Asian shares lower after weak services-industry data from China raised fresh concerns about the outlook for the global economy. The S&P 500 and Nasdaq 100 slumped, as trading resumed after the Independence Day
July 4, 2023 United States: Fed or ECB Policy Error Is Now a Big Risk, Allianz’s Subran Says The prospect that US or euro-zone policymakers might overdo tightening is now one of the most prominent threats to the global economy, according to Allianz Chief Economist Ludovic Subran. Speaking to Bloomberg Television, he said his
July 3, 2023 United States: Bank of America Says it Started Talks With Fed After Stress Test Results Bank of America Corp. said it has started discussions with the Federal Reserve to understand how the company was evaluated following results of the central bank’s annual stress tests. The company is in dialogue with the
June 30, 2023 United States: US Inflation Cools, Spending Stagnates as Economy Loses Steam The Federal Reserve’s preferred measures of US inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed
June 29, 2023 Gas Price Movement - June 29, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
June 29, 2023 United States: US First-Quarter GDP Revised Up to 2% on Exports, Consumers US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday. The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending,
June 28, 2023 United States: US Merchandise-Trade Deficit Shrinks on Decline in Imports The US merchandise-trade deficit shrank in May by more than expected as the value of imports slid by the most in six months. The shortfall in goods trade narrowed 6.1% to $91.1 billion, Commerce Department data showed Wednesday. The figure, which
June 27, 2023 United States: US Home Prices Recover Further as Buyers Battle for Tight Supply of Listings Home prices in the US rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. A national gauge of prices increased 0.5% in April from March, according to
June 26, 2023 United States: Where Stock Market Is Headed After Wild First Half: Five Charts As a dizzying first half for US stocks draws to a close, the Nasdaq 100 Index is poised for its best opening six months to a year ever, and Wall Street is growing concerned that the Federal Reserve
June 23, 2023 United States: US Economy Seen Skirting Recession But With Sticky Inflation The US economy is now expected to narrowly dodge a recession this year but underlying inflation will be faster than previously thought, according to the latest Bloomberg monthly survey of economists. Gross domestic product is now forecast to only contract
