Early Market Closures
Early Market Closures
Markets were closed today for Christmas Eve in numerous European centers such as Germany, Spain, Italy, Sweden, Norway, Switzerland. British and French markets are shutting at 12:30 GMT and 13:00 GMT. Much of Europe doesn’t open until Monday. Early closings are also set for North America.
Sterling has softened 0.4% against the dollar, which […]
The Weak Labor Market Pulled Personal Income and Spending Down
The Weak Labor Market Pulled Personal Income and Spending Down
Personal income fell 0.2 percent in November and spending dropped 0.6 percent as the job market continues to deteriorate. With consumers pulling back, the saving rate rose, increasing to 2.8 percent on the month. The core PCE deflator, the Fed’s preferred measure of inflation, is now […]
No Presents For The Market This Christmas
No Presents For The Market This Christmas
U.S. Dollar Trading (USD) managed small gains again today as the market shrugged off bad economic data and year end demand favored the Dollar. US GDP was confirmed at -0.5% and University of Michigan Dec sentiment was revised higher to 60.1 vs 55.3. November New Home Sales dropped -2.9% […]